Sic transit bullshittia

CNBC’s Jim Cramer considered former Mets and Phillies outfielder Lenny Dykstra “one of the great ones” in stock picking,* and allowed Dykstra to give options-trading advice on Cramer’s website, TheStreet.com. In a 6-page article, Fortune magazine called Dykstra the “fledgling guru” of investing. The always brash Dykstra claimed that he had a 90%-plus return (red flag anyone?) picking stocks for 2005 through 2008, and he frequently appeared as a celebrity financial expert on FOX News and other programs.

Sic transit bullshittia.

Lenny Dykstra just filed for Chapter 11 bankruptcy protection. Court documents reveal that he has less than $50,000 in assets and between $10 million and $50 million in debts.

Mr. Nearing is dumbfounded. Both Mr. N. and Mr. Dykstra are big-time Strat-O-Matic players, and Mr. N. cannot believe that any S-O-M geek could ever let his stats go so awry. I keep telling him: the stock market is not a board game, even if the board game comes complete with dice.



*And if that ain't the kiss of death, honey....