From Shirley W.: “An acquaintance who recently won a $27,000 minor lawsuit, but for whom this was a windfall, asked how to make some money with it. Being rather conservative, I told him to do what he wanted but that I would put two-thirds in a balanced fund and the rest in a 1-year CD. He said he could never make money that way, so promptly drove to Las Vegas and gambled away every last dime and then some. Oh, the humanity!”
From the lawsuit lottery to Las Vegas. Beware the will to lose.