I knew weirdness would emerge about this guy. Quack, who knows, but it sure starts to make sense that a doctor deep in debt would be the only one who agrees to be the personal physician to a drug addicted millionaire recluse. And now that '4 hour physical/clean bill of health' has to be in question too. Clearly, it was in the doctor's best interest to say MJ was well enough to go on tour--he was being paid by the tour promoters. Whole thing is just a sad, sad shit storm of money and ego.
While I'll admit the running out on child support is sucky, I do think the term "Divorcee" (which, given the company it keeps in the sentence seems perjorative), is a trifle quaint.
@SarahHeartburn: The "divorcee" in the headline sealed the deal for me on his shady nature. I was launched back into the '50s and morally crucified him in my mind.
@Foster Kamer: How about student loan defaulting, mortgage evading, malpracticing deadbeat dad who got his diploma out of a box of Froot Loops? That has a nice ring to it.
MJ had a lengthy history of associating with con artists and quacks. Who better to get you the drugs you want and claim you need? "Doctors" Farshchian, Sebi, the phony Saudi princess who conned MJ, it goes on and on.
When someone told MJ no, he cut them out of his life and looked for someone who'd tell him yes. He wanted to do what he wanted to do and to hell with anyone telling him otherwise.
It's quite surprising to see all these Gawker commenters claiming to be satisfied customers of Suze Orman's. What exactly do you suppose is going on here?
"But dollar-cost averaging - steadily investing in the stock market over time as prices rise and fall - is generally regarded as better than the alternative, which is trying to time the market"
No. The alternative is all in once you have the money (this is why a 401k isn't DCA; you don't have the money). When people do the math on DCA, they find all it doesn't help because you generally miss out on gains.
@sample032: And isn't dollar cost averaging timing the market, anyway? If you thought it was going up, you'd buy everything today. Dollar cost averaging is "I think I should invest, but I'm scared that it will go down." (Hint: maybe you're in the wrong asset class if you're worried)
@sample032: I read that study. It generated its figures by looking at a pretty atypical period in the market (1996-1999), which just shows how easy it is to lie with statistics.
Bad clothing choices aside, I love Suze. She tells it like it is to people who need to hear it. Have you seen her "Can I afford it?" segment on her CNBC show? The idiocy of most people is astounding. Like, I make $45k a year have a $2k/mo mortgage payment and $30k in credit card debt. I want to take a first class trip around the world.....um, no, you cannot afford it.
Also, John Belushi's wife was her college roommate. I think she's a cool lady.
Looks like Orman was advocating dollar cost averaging of a particular stock, which can be throwing good money after bad, if for example you thought, "I bought a lot of pets.com stock at $150, but now if I buy a lot more at $1.50, my average cost will be significantly lower!"
The BizBox author is talking about investing in the market as a whole, e.g., via mutual or index funds through one's 401(k).
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Hellfire! Brimstone! Divorce!
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When someone told MJ no, he cut them out of his life and looked for someone who'd tell him yes. He wanted to do what he wanted to do and to hell with anyone telling him otherwise.
06/27/09
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Lots of new lawyers out there. Here it is, the most important summary of how fucked we are, to date:
[zerohedge.blogspot.com]
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No. The alternative is all in once you have the money (this is why a 401k isn't DCA; you don't have the money). When people do the math on DCA, they find all it doesn't help because you generally miss out on gains.
[moneycentral.msn.com]
02/10/09
02/10/09
02/10/09
Also, John Belushi's wife was her college roommate. I think she's a cool lady.
02/10/09
The BizBox author is talking about investing in the market as a whole, e.g., via mutual or index funds through one's 401(k).
Different animals.
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