Original Post
Replies sorted oldest to newest
Wasn't it just last year that he on 60 Minutes or another TV magazine being labeled a financial guru?
Then again, who hasn't lost money in the last year.
Then again, who hasn't lost money in the last year.
Did you see that story on HBO about him, Haver? Sad story. Couldn't tell if he was a crook or if he just lost his marbles on top of all his money.
Certainly not a very likable person. Couldn't help but compare him to Wayne Gretsky when they mentioned he bought Gretsky's home. Met Gretsky two weeks ago in Phoenix when his son was playing in the USA 16s tournament. What a down to earth, nice man to every person he talked to. He even walked up and initiated conversations with people. If you didn't know who he was, you would never guess it. My opinion of Gretsky went through the roof because of the way he handled himself. Lenny and others could learn a lot from Gretsky.
Certainly not a very likable person. Couldn't help but compare him to Wayne Gretsky when they mentioned he bought Gretsky's home. Met Gretsky two weeks ago in Phoenix when his son was playing in the USA 16s tournament. What a down to earth, nice man to every person he talked to. He even walked up and initiated conversations with people. If you didn't know who he was, you would never guess it. My opinion of Gretsky went through the roof because of the way he handled himself. Lenny and others could learn a lot from Gretsky.
Looks like a good many more than just lenny lose.
Well I'm sure some MLB team drafted his boy, I mean they all take care of each other don't they? Maybe Cutter can spot his dad some of his bonus $$ to pay off his debts. He is a better baseball player than any regular kid who's dad worked in an office.
I am sure he protected lots of money and assets. Don't start a collection for him just yet.
Wayne is just a small town boy at heart. He also was a very good BB player.
Wayne is just a small town boy at heart. He also was a very good BB player.
quote:Wayne is just a small town boy at heart. He also was a very good BB player.
His son's quite good too, but a lot taller. I think he's something like 6'4"!
I believe his MLB pension is protected from creditors. He is not stable.
ESPN exposed Lenny Dykstra after the original HBO piece painted him as a financial whiz. This guys sounds like bad news . . .
http://sports.espn.go.com/mlb/news/story?id=4145589
http://sports.espn.go.com/mlb/news/story?id=4084962
http://sports.espn.go.com/mlb/news/story?id=4145589
http://sports.espn.go.com/mlb/news/story?id=4084962
Cutter got 737k last year. Probably about 450k after taxes and agent's fees.
I hope he didn't lend his dad his credit card, or it might all be gone by now.
I hope he didn't lend his dad his credit card, or it might all be gone by now.
Lenny is a jerk. He has a long list of people he owes money including his family.
HSBBW gossip of the day.....
Details of Dykstra marriage emerge from divorce papers:
http://www.venturacountystar.c...emerge-from-divorce/
Details of Dykstra marriage emerge from divorce papers:
http://www.venturacountystar.c...emerge-from-divorce/
I feel bad for Lenny - or anyone in the position he now finds himself.
But:
A while back - Lenny was hired to do some "commentary" on "The Street.com" - a financial publication/website - founded by none other than Jim Cramer - the ultimate financial carnival barker of our time.
(Cramer actually is the most knowledgable person I have ever personally known as it regards the inner workings of Wall Street - and was incredibly successful duirng his years as an investment banker/trader/operator of his own funds. Only in the last few years did Cramer turn to entertainment. In his case - financial entertainment.)
But when he hired Lenny - I just didnt get it.
Regardless - I read all of Lenny's stuff. (At least the stuff you didnt have to pay for). I was intrigued by the fact that Jim Cramer would hire Lenny Dykstra - sort of like hiring a car dealer to do open heart surgery).
Lenny made absolutely no sense - and I cant imagine that anyone would follow any of his advice. It was - simply put - pure garbage. Unadulterated financial nonsense.
One of the things that Lenny did during this time from a self-promotion angle was tout his investing prowess and success - unfortunately - none of it was true.
Here is what Lenny used to do.
Example:
He would buy 5 stocks - 4 of them would lose 90% each. One of them would gain 20%. Obviously - a prescription for rapid bankruptcy.
He would sell his winner - and not only keep the losers - but add to his losing positions.
He would then tout his 20% return on "completed" sales.
(He didnt count the massacre in the rest of his suggested investments.)
He also did this with leverage - magnifying his losses and those of anyone foolish enough to follow his advice.
He did this alot - and lost alot.
When it was all over - which - relatively speaking was pretty quick - he wound up with no assets and an estimated $35 million in losses. That doesnt include what he lost for others foolish enough to follow his insane advice.
Lenny didnt do the right thing - IMO.
He did bad things - and now the reality is - he has to pay for them. One way or another.
But:
A while back - Lenny was hired to do some "commentary" on "The Street.com" - a financial publication/website - founded by none other than Jim Cramer - the ultimate financial carnival barker of our time.
(Cramer actually is the most knowledgable person I have ever personally known as it regards the inner workings of Wall Street - and was incredibly successful duirng his years as an investment banker/trader/operator of his own funds. Only in the last few years did Cramer turn to entertainment. In his case - financial entertainment.)
But when he hired Lenny - I just didnt get it.
Regardless - I read all of Lenny's stuff. (At least the stuff you didnt have to pay for). I was intrigued by the fact that Jim Cramer would hire Lenny Dykstra - sort of like hiring a car dealer to do open heart surgery).
Lenny made absolutely no sense - and I cant imagine that anyone would follow any of his advice. It was - simply put - pure garbage. Unadulterated financial nonsense.
One of the things that Lenny did during this time from a self-promotion angle was tout his investing prowess and success - unfortunately - none of it was true.
Here is what Lenny used to do.
Example:
He would buy 5 stocks - 4 of them would lose 90% each. One of them would gain 20%. Obviously - a prescription for rapid bankruptcy.
He would sell his winner - and not only keep the losers - but add to his losing positions.
He would then tout his 20% return on "completed" sales.
(He didnt count the massacre in the rest of his suggested investments.)
He also did this with leverage - magnifying his losses and those of anyone foolish enough to follow his advice.
He did this alot - and lost alot.
When it was all over - which - relatively speaking was pretty quick - he wound up with no assets and an estimated $35 million in losses. That doesnt include what he lost for others foolish enough to follow his insane advice.
Lenny didnt do the right thing - IMO.
He did bad things - and now the reality is - he has to pay for them. One way or another.
We call that; "Eat like a bird - Sh*t like an elephant". 
quote:He would buy 5 stocks - 4 of them would lose 90% each. One of them would gain 20%. Obviously - a prescription for rapid bankruptcy.
He would sell his winner - and not only keep the losers - but add to his losing positions.
He would then tout his 20% return on "completed" sales.
It's:
Yikes! Where was Cramer when Dykstra was touting this garbage? It isn't as if this would be hard to figure out with rudimenatary position tracking. Some of this stink falls on Cramer as well, IMO.
Lots of stink has fallen on Jim Cramer over the years.
None of it even made a dent - with maybe one or two exceptions when he was with CNBC.
Lenny Dykstra wasnt even a blip on the Jim Cramer screen.
Just a columnist - that was given a gig.
Jim was just doing a friend a favor - until he realized how ful of **** Lenny was.
Then - he fired him.
None of it even made a dent - with maybe one or two exceptions when he was with CNBC.
Lenny Dykstra wasnt even a blip on the Jim Cramer screen.
Just a columnist - that was given a gig.
Jim was just doing a friend a favor - until he realized how ful of **** Lenny was.
Then - he fired him.
quote:....Lenny didnt do the right thing - IMO.
He did bad things - and now the reality is - he has to pay for them. One way or another.
He will only "pay" if charged with fraud. Unless there's an attorney around here that knows better, as I understand it, he'll get to keep his pension and any future income he gets from personal appearances etc. Thus its the vendors and creditors who will pay for his former larger then life style. Then again, if the creditors and vendors had done their due diligance they wouldn't have lent him a dime.