Indexfundfan\’s blog (new URL is Indextown.com)

July 17, 2006

A fool and his money are soon parted

Filed under: Finance — indexfundfan @ 9:52 am

Well, not quite “soon” but over a period of several years.

Shefik Tallmadge was the winner of the $6.7 million jackpot ($335,000 each year for 20 years) in 1988. Imprudent use of the money caused him to filed for bankruptcy last year to save the smaller house he had left. Story here.

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