NBA star-turned-businessman Shaq reveals the worst investment he ever made investinyou (In partnership with acorns.)
Basketball legend-turned-business mogul Shaquille O'Neal told CNBC on Wednesday about the worst investment he ever made.A guy who owned this paper company said he had all these deals in all the schools and with the government. ... Turned out to be a scam, " he said on "While the former basketball star has led a successful career as an investor since retiring from the NBA in 2011, he said it wasn't an easy transition.
"When I first came into [the business industry], I lost a lot of money in the 'get rich quick schemes.'" he said. However, after having learned from his past mistakes, the four-time NBA champion said he started "listening to people" and working with "people [who] are much smarter than me.", as "friends" who talked to him about smart strategies in investing.The business magnate has now developed his own principles of investing.
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