What investors ought be looking at…

This is why you don’t finance high-risk high reward ventures on loans.

Former Boston Red Sox pitcher Curt Schilling said Friday that the collapse of his 38 Studios video game company has probably cost him his entire baseball fortune, and he placed part of the blame on Rhode Island officials, including Gov. Lincoln Chafee.
http://news.yahoo.com/schilling-company-crash-cost-baseball-fortune-121042535–finance.html

It is also a great example as to why the management team is so important. There is never any mention of any management besides Schilling, who

Curt Schilling, 100% Management

made his money as a baseball player. Generally, a team is in place long before there is as much money invested as in this case.

Former Boston Red Sox pitcher Curt Schilling said Friday that the collapse of his 38 Studios video game company has probably cost him his entire baseball fortune, and he placed part of the blame on Rhode Island officials, including Gov. Lincoln Chafee.

Which probably points out some inexperience with those who issued loans, be they banks, individuals, or Rhode Island itself…why didn’t they insist that a management team be put in place to maximize the chance of success?

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