Smart business investment by Floyd Mayweather to buy a 18 million dollar watch or not, thoughts?

[Hispanic-Cool-Guy]

I can almost guarantee that jeweler who sold him that watch for 18 million dollars almost had a car wreck while driving home for laughing so hard with tears in his eyes in complete unbelief.

That jeweler is going to one day have a great story to tell his grand kids about the biggest fool he met.

https://www.google.com/amp/s/amp.businessinsider.com/floyd-mayweather-buys-18-million-diamond-watch-2018-6

Proverbs 19:10:

Luxury is not fitting for a fool,
Much less for a servant to rule over princes.

[Curmudgeon]

Unless the guy is set for life and can indulge watch collections, that was really stupid on his part. I am reminded of former heavyweight champion Leon Spinks, who foolishly blew through so much of the wealth initially thrown at him.

[Hispanic-Cool-Guy]

Mike Tyson managed to blow over 300 million dollars. Over 70% of pro athletes go broke after 7 years of their retirement from sports.

[Curmudgeon]

Yep.

[Cosytoasty]

He makes back $18m in 6 months from his money in investments alone. It's little different from you or i saving up and buying a decent Rolex for $9k.

[Hispanic-Cool-Guy]

Point is this kind of reckless spending tends to spread to other areas, one huge bad break along with a trail of stupid meaningless spending can land him in bankruptcy within a few years or so.

[Dog19]

And I thought I was dumb, well I am dumb but I always thought Mayweather was smart

[Pink2000]

It’s not like he can take his wealth with him. The man is worth $700 million.

[Hispanic-Cool-Guy]

Money adds up quicker than you think.

[Pink2000]

He makes more money every year.

[Hispanic-Cool-Guy]

Yes, but if financial billionaire investment and banking companies that crashed in 2008 when were just a little girl and are now are out of existence, what makes you think he can't lose his 700 million dollars if one huge misfortune happens?

[Pink2000]

i just don’t think he’ll ever be completely broke.

[Hispanic-Cool-Guy]

Most likely not. But he can end up with maybe 1 million to his name.

I like Floyd. I don't want to see him ruin his life.

[OjosOscuros2]

It’s not a business investment. It’s just a status symbol for him.

[Hispanic-Cool-Guy]

He can offer it for sale tomorrow and he will be lucky if someone offer him 1 million dollars for that watch.

[OjosOscuros2]

He wouldn’t sell it though. That’s something that will be passed down to his family. That’s what I imagine since it’s what people with Rolex’s do.

[Hispanic-Cool-Guy]

But who even looks at watches anymore to see what time it is? Lol

[CHADcel]

I'm pretty sure watches only have a depreciating value so a poor investment tbh.

[Hispanic-Cool-Guy]

They must of mocked him as soon he walked out the store.

They probably paid $ 20,000 at most and for that watch in Africa and sold it for 18 million dollars. What a ashame.

[CHADcel]

Yep they were probably struggling to not laugh when saying the price.

[Hispanic-Cool-Guy]

For real.. lol

[Juxtapose]

The things I could do with that kind of money and never run out..

What an absolute fool.

[Hispanic-Cool-Guy]

Lol don't be mean, man.

[Juxtapose]

Heh, I actually had to hold back because the mods would just remove my comment xD

Reckless stupidity triggers me pretty hard.

[Hispanic-Cool-Guy]

Yo, what the hell does your name mean? Where it comes from?

[Juxtapose]

"Juxtapose

verb
place or deal with close together for contrasting effect." - Google Dictionary

I'm a judgmental person and judging commonly occurs by comparing things to each other. I judge dishonest people harshly because I know the glory of honesty, etc etc.

The word also sounds nice to say.

[Hispanic-Cool-Guy]

I hate the damn word... You're such a weirdo.. 😂

[Juxtapose]

memegenerator.net/.../thank-you-very-much.jpg

[AmBoi]

The watch was more valuable to him than the 18 million, so I'd say yes.

[breakerecho]

I can give 5 dollars + shipment for that watch

[VagabondNocturne]

I'd say stupid.

[CT_CD]

Smart