Lenny Dykstra Financial Genius??? Nooot!!

[sox83cubs84]

Re: Lenny Dykstra Financial Genius??? Nooot!!

With such a knack for financial foolishness, Dykstra has a future in Congress!

Dave M.
Chicago area

[TNTtoys]

Re: Lenny Dykstra Financial Genius??? Nooot!!

By now, you are probably aware that Heritage Auctions has the following items in its October auction catalog:

Lenny Dykstra's 1986 World Series Championship Trophy
Lenny Dykstra's 1986 World Series Championship Ring
Lenny Dykstra's 1986 NLCS Walk Off Home Run Baseball
Lenny Dykstra's 1990 All-Star Game Ring
Lenny Dykstra's 1993 NL Championship Ring
Lenny Dykstra's 1994 All-Star Game Ring
Lenny Dykstra's 1995 All-Star Game Ring
First Night Game HR Baseball hit by you know who
7 More Lenny Dykstra Home Run Baseballs
4 team signed baseballs from Dykstra's collection
4 commemorative bats from Dykstra's collection

One would think that these stand to raise a pretty penny for the financially troubled former star, right? Wrong.

The sellers of all of Lenny's prized memorabilia are a Beverly Hills Pawn Shop! Apparently he left all of this unclaimed at the Pawn Shop; they have since hired auctioneers to maximize their profits. This is truly sad.

[hblakewolf]

Re: Lenny Dykstra Financial Genius??? Nooot!!

By now, you are probably aware that Heritage Auctions has the following items in its October auction catalog:

Lenny Dykstra's 1986 World Series Championship Trophy
Lenny Dykstra's 1986 World Series Championship Ring
Lenny Dykstra's 1986 NLCS Walk Off Home Run Baseball
Lenny Dykstra's 1990 All-Star Game Ring
Lenny Dykstra's 1993 NL Championship Ring
Lenny Dykstra's 1994 All-Star Game Ring
Lenny Dykstra's 1995 All-Star Game Ring
First Night Game HR Baseball hit by you know who
7 More Lenny Dykstra Home Run Baseballs
4 team signed baseballs from Dykstra's collection
4 commemorative bats from Dykstra's collection

One would think that these stand to raise a pretty penny for the financially troubled former star, right? Wrong.

The sellers of all of Lenny's prized memorabilia are a Beverly Hills Pawn Shop! Apparently he left all of this unclaimed at the Pawn Shop; they have since hired auctioneers to maximize their profits. This is truly sad.

TNT-

Where did you learn this information? Is it published?

Howard Wolf
hblakewolf@comcast.net

[TNTtoys]

Re: Lenny Dykstra Financial Genius??? Nooot!!

TNT-

Where did you learn this information? Is it published?

Howard Wolf
hblakewolf@comcast.net

Howard,

It was on the web today. Here is a screen shot I took.

Nick

[suicide_squeeze]

Re: Lenny Dykstra Financial Genius??? Nooot!!

How pathetic and sad.

As young boys, we dream about becoming professional baseball players and hitting a home run to win a World Series....

To actually LIVE that dream, in real life, is really something to hold onto forever.

Then you see a guy like this "pawning off" his life's keepsakes. It kind of makes you wonder what importance there is to ANYTHING in his life?

Truly sad. Unbelieveably pathetic.


All because of "money".

[both-teams-played-hard]

Re: Lenny Dykstra Financial Genius??? Nooot!!

Then you see a guy like this "pawning off" his life's keepsakes. It kind of makes you wonder what importance there is to ANYTHING in his life?

Truly sad. Unbelieveably pathetic.


All because of "money".

I agree. There are so many things in life more important than money.

[David]

Re: Lenny Dykstra Financial Genius??? Nooot!!

It had long been my opinion that an essential problem with using him as financial advisor or guru is he repeatedly denied using steroids when many (most) would say it was clear he had used steroids. Rule #1 is don't put someone in charge of your personal savings who you know is willing to lie and deny the obvious, in particular the lies and denials concern such topics as past cheating and breaking the law.

[David]

Re: Lenny Dykstra Financial Genius??? Nooot!!

Slightly off topic, but on the Canadian TV show 'The Red Green Show,' there is a self-styled entrepreneur (he owns his own sewage & septic truck) who religiously quotes and listens to the tapes of financial/self-help guru Anthony Anthony. When a friend mocks the business advice on the tapes, the character responds, "Anthony Anthony knows what he's talking about. He's made millions of dollars selling these tapes."

[suicide_squeeze]

Re: Lenny Dykstra Financial Genius??? Nooot!!

I agree. There are so many things in life more important than money.

I have to admit......that is pretty funny.

[allstarsplus]

Re: Lenny Dykstra Financial Genius??? Nooot!!

More on Dykstra:

http://www.luxist.com/2009/09/13/lenny-dykstra-to-auction-off-world-series-ring/

[BorchertField]

Re: Lenny Dykstra Financial Genius??? Nooot!!

More on Dykstra:

http://www.luxist.com/2009/09/13/len...d-series-ring/

Whoa there - gotta watch out for the racism and sexism in the comments.

Try the Daily News.

[mvandor]

Re: Lenny Dykstra Financial Genius??? Nooot!!

From what I've read about Dykstra, he's a marginally intelligent, abusive jerk that got lucky financially in the first place, and because of his sizable ego felt it was all because of his "genius".

Couldn't happen to a nicer guy.

[David]

Re: Lenny Dykstra Financial Genius??? Nooot!!

The best thing that can happen to a new investor is he loses money on his first stock buy or investment. This way he knows first hand he doesn't know everything and there's always a real possibility he can lose money. The worst thing with many beginners is they make money on their first investment, often a matter of luck, because they often then think they know everything there is to know.

[BorchertField]

Re: Lenny Dykstra Financial Genius??? Nooot!!

From what I've read about Dykstra, he's a marginally intelligent, abusive jerk that got lucky financially in the first place, and because of his sizable ego felt it was all because of his "genius".

Couldn't happen to a nicer guy.

And his self-delusion was reinforced by television clowns eager to get some face time with a former jock.

[David]

Re: Lenny Dykstra Financial Genius??? Nooot!!

I read last night about his investing advice and techniques, which appeared to be dubious from the get go. If his stock picks went sour, he do stuff like wipe the slate clean and start fresh with new picks-- something his clients couldn't do if they still had money in the old, tanking stocks. In classic baseball player steroid fashion, he felt he ignored the past hoping people would just forget it happened. He also claimed a 99-1 'win' rate in his picks. The problem being if a stock was tanking but had yet to be sold, he didn't put it in the loss column. And, most important, the one loss was so large it would nearly wipe out the 99 gains. Most of the wins were on the $1,000 order, while the one loss was over $200,000! Need a lot of wins to get even with that loss.

The problem with this is not so much that he was a financial bozo and was an ex-jock who acted like an idiot, but TheStreet.com hired and trumpeted him as a financial guru. Clearly he was hired because he a celebrity. This says a lot about the insight and ethics of The Street.