Lenny Dykstra's descent

by **Woody** » Tue Jun 30, 2009 10:01:25

First of all, allow me to be clear. I am Lenny Dykstra owner of NailsInvestments.com. My investing strategy focuses on Deep in the Money (DITM) calls. I pioneered DITM calls as an investment strategy and my current record of wins vs. losses is 110 and 0.

by **CFP** » Tue Jun 30, 2009 10:06:21

It's kinda sad, because almost everyone else on the board at least has remembrances of '93 and Dykstra. Being younger, my only memories of Dykstra will be as a pill-popping, ass-injecting, money-laundering fraud.

by **momadance** » Tue Jun 30, 2009 10:31:27

I'm still not blinded by his douchiness. The dude was awesome. Douchebag, but awesome.

by **gusmoney** » Tue Jun 30, 2009 10:45:17

momadance wrote:I'm still not blinded by his douchiness. The dude was awesome. Douchebag, but awesome.

by **BIGPHILLY** » Tue Jun 30, 2009 16:39:22

"Subscribers to my newsletter receive:

- An email from me every weekday
- Three picks a week
- Access directly to me anytime to answer your questions
- Webinars (Coming soon!)
- Members-Only access to the website"

* You will see Lenny in court before you see the Coming Soon webinars. LOL.

by **drsmooth** » Tue Jun 30, 2009 16:53:17

While Dykstra is colorful in his own way, he's by no means the most peculiar of self-styled financial seers.

Why is it that people rarely seem to consider the stylistic contrasts between, say, Warren Buffet - someone who's actually made a pile as an investor - and Dykstra, or someone even as tame as Jim Cramer, when determining whose investment advice they're better off listening to?

Although it must be pointed out that even Berkshire Hathaway has a website, complete with titsy merch

by **smitty** » Tue Jun 30, 2009 17:34:52

Dykstra was awesome in 1993. He had maybe the finest leadoff season in NL history.

But 1993 was also one of the two seasons (out of seven) in which he played in more than 85 games for our heroes.

Still, he and Roger McDowell for Juan Samuel was a pretty good trade, eh?

by **momadance** » Wed Jul 08, 2009 12:38:45

NEW YORK -- Lenny Dykstra, the former star center fielder for the New York Mets and Philadelphia Phillies, has filed for Chapter 11 bankruptcy protection, court records show.

Dykstra, 46, has no more than $50,000 in assets and between $10 million and $50 million in liabilities, according to a petition filed Tuesday with the U.S. Bankruptcy Court in the Central District of California.

http://sports.espn.go.com/mlb/news/story?id=4313487

by **Woody** » Wed Jul 08, 2009 12:40:32

Wow...

by **JFLNYC** » Wed Jul 08, 2009 12:50:05

Yeah, a shocker. Who had any inkling that Nails had huge financial troubles?

by **cartersDad26** » Wed Jul 08, 2009 12:56:00

Now I'm really sad. I have more money than my childhood idol.

Website · by **Wolfgang622** » Wed Jul 08, 2009 13:08:16

To have $10-$20M in debts and not more than $50,000 in assets is, in its own way, very impressive.

by **Bucky** » Wed Jul 08, 2009 13:10:47

did they count the 75 bucks in his pocket

by **JFLNYC** » Wed Jul 08, 2009 13:11:34

Actually, in a bankruptcy filing they count everything -- including cash on hand.

by **The Dude** » Wed Jul 08, 2009 13:15:37

This is like when Danny Pintauro came out

by **bleh** » Wed Jul 08, 2009 13:49:36

I guess Mitch Williams was right. From January:

“I didn’t talk to Lenny in the three years I played here,” Williams said of his Philadelphia stint (1991-93). “He’s just one of those guys you didn’t talk to.”

Nobody did, Williams said.

“Lenny was above all of us,” he said. “He was in his own world.”

A while back, long before the Wall Street meltdown, news surfaced that the former Phillies leadoff man had evolved into some kind of financial savant. Make no mistake, Williams didn’t plunk down any of his World Series money investing in a Dykstra-backed hedge fund.

“They want to talk about him being a financial genius, that’s great,” Williams said. “But he’s the most common sense-void person I’ve ever met in my life. He makes no sense whatsoever. You can’t converse with him. You could have a better conversation with a tree.”

Williams’ financial forecast for Dykstra?

“Lenny won’t have two nickels to rub together in three years.”

http://www.readingeagle.com/article.aspx?id=121573

by **drsmooth** » Wed Jul 08, 2009 13:55:06

mozartpc27 wrote:To have $10-$20M in debts and not more than $50,000 in assets is, in its own way, very impressive.

most likely as fact-challenged as any of dykstra's financial fish tales

by **Squire** » Wed Jul 08, 2009 14:14:54

Mitch and Ricky Bo really are great commentators/analysts. Way smarter and better than Kruk ever was.

SQUIRE

by **stevemc** » Wed Jul 08, 2009 14:42:32

Squire wrote:Mitch and Ricky Bo really are great commentators/analysts. Way smarter and better than Kruk ever was.

SQUIRE

And when they were playing, would you have ever envisioned either one having a career in broadcasting?. . . .Me neither.

by **The Dude** » Thu Jul 09, 2009 13:53:53

Crazy story from a former employee of Lenny's magazine

http://men.style.com/gq/features/landin ... ntent_8558

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Lenny Dykstra's descent