Wednesday, November 28, 2007
LeBron's success secret
I know he was tight with Buffett. I read about last year or so. There is something big at play here. I am going to label these types of moments as when an illumination can occur. There is a reason why and it's really important to note. LeBron's foster parents were white weren't they? This is the reason why black folks can get rich, but there are only a few of us that are wealthy. Getting rich requires skill but getting wealthy requires planning. This type of planning is passed generation to generation and kids learn it from their parents and teach their kids. Black kids are not taught about the power of banking and investing by their parents. White kids are more likely have that kind of understanding. I'm talking about non poor people here, so I am not generalizing as bad. A classic example is you and me. You were in the game at 19 when Coral street was purchased. I just figured this crap out recently and would not have really understood if not by watching all of you guys. LeBron has that same type of mentoring. His foster parents should have known he was going to be rich and taught him what he needed to. I guarantee Telfair wasn't afforded this wealth managemet education. He can't even manage his life.
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