Why do so many NFL players go bankrupt?

[SirClintonPortis]

Originally Posted by Schneed10

To me, that's just a long-winded way of saying these people are irrational. Which is by its nature, stupid.

You say tomato, I say moron.

I like describing the portrait of reality as completely as possible. Part of the problem is indeed foolishness, but information asymmetry is also prevalent among the top 25, and you vehemently trivialize information asymmetry as a significant factor in some of these people's respective downfalls for whatever reason, which I consider an oversimplification. Every one of your critiscisms is one of lacking in knowledge and risk aversity(supposedly) and that ALL the problems due to that.

It's not worth my time to go ahead to continue, since you would then probably say something to the effect that even investing in US government bonds is doomed to failure, which by implication means everyone else doing that is also dumb. Also, hiring other folks to manage their expenses is also dumb, even if they do apply some sort of risk aversity in their decsion.