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NBA needs to make new owners take financial literacy classes

Discussion in 'Houston Rockets: Game Action & Roster Moves' started by Carl Herrera, Apr 9, 2020.

  1. Carl Herrera

    Carl Herrera Contributing Member

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    Some of these owners did not grow up in situations where they were taught the value of a dollar and the importance to save for a rainy day.

    So, when they came into money, they end up buying NBA teams and other expensive things that they cannot afford and live beyond their means. When they invest money, they often fail to diversify.

    It doesn’t happen to everyone, but we really need to save some of them from a tragic fate.
     
    #1 Carl Herrera, Apr 9, 2020
    SamFisher and napalm06 like this.
  2. burlesk

    burlesk Serious business
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    Yeah, but CH, you're forgetting to SHUT UP AND LISTEN!!!!!!!!!!!!!!
     
    #2 burlesk, Apr 9, 2020
  3. BigBum

    BigBum Member

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    The value of $1 is 20 cents in San Francisco, and is equal to $2 in Houston.

    The rainy day is the loan interest due date with no cash in bank accounts.
     
    #3 BigBum, Apr 9, 2020
  4. J.R.

    J.R. Member

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    Not-so-cleverly-disguised Tilman is broke thread.
     
    #4 J.R., Apr 9, 2020
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  5. Carl Herrera

    Carl Herrera Contributing Member

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    You know who else needs a financial literacy class because he clearly does not know how to manage value?




    Bob O'Brien!
     
    #5 Carl Herrera, Apr 9, 2020
    napalm06, CometsWin and J.R. like this.
  6. BigBum

    BigBum Member

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    2 factors that Tilman should not buy a nba team.

    1. he wants profit over wins.
    2. He borrows too much money to buy, 1.9 billion?
     
    #6 BigBum, Apr 9, 2020
  7. napalm06

    napalm06 Huge Flopping Fan

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    These poor kids, they come out of managing some low margin business on a massive scale and are in debt up to their eyeballs... then they get in the league and the first thing they're doing is commissioning murals of themselves. You hate to see it.
     
    #7 napalm06, Apr 9, 2020
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  8. SamFisher

    SamFisher Contributing Member

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    Tillman got more mouths to feed than Calvin Murphy.

    Landry
    Bubba
    McCormick
    Schmick
    Del Frisco
    Morton
    houlihan
    Vic
    Anthony
    The Camino twins
    ... just to name a few.

    Keep it in your pants next time around
     
    #8 SamFisher, Apr 10, 2020
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