"Lenny Dykstra bought (the home) from Wayne Gretzky for $17.5 million.....Jeff Smith bought the home ...for close to the amount of money Dykstra owed Index, plus interest, between $600,000 and $700,000." sounds about right for this legendary investor
He didn't buy it outright for 700K there are mortgages on it as well as back taxes and missed payments to the tune of 12-13 million. The house has had a recent market listing of around 9.9 million! http://latimesblogs.latimes.com/mon...club-estate-sells-at-foreclosure-auction.html
I think we can all agree that Lenny is a terrible investor, no matter if it is in real estate, magazines or deep ITM options .
probably old news, but some good stories here if you have not followed http://sports.espn.go.com/mlb/news/story?id=4084962 I love the stuff about firing pilots if they would not buy fuel.
Is just me or there is something so strange that it's unbelievable the amount of BS is promoted. Last summer/two years.
Why do people with celebrity get these enormous lines of credit in the first place? I would like to hang around nails for a while just to watch the trail of drama the guy generates. He was always spinning something really obscure," Jurewicz says. "And you know how Lenny talks. 'Hey, bro, got this deal, man. I got to get you into a bird, man.' And you're like, 'Listen, chief, I want a check.' "He thinks he's a celebrity and doesn't have to pay for much. And people donate or else he can clip it.