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He Took the Cash and Left the Stock: Magic Johnson’s $5 Billion Nike Blunder That Changed Everything
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He Took the Cash and Left the Stock: Magic Johnson’s $5 Billion Nike Blunder That Changed Everything
Magic Johnson’s billion-dollar empire started with a rookie mistake that would make even the most seasoned investor wince — turning down Nike stock for a quick Converse payday when he was just 19 years old. LOS ANGELES, CA – APRIL 21: Magic Johnson is seen at “Jimmy Kimmel Live” on April 21, 2022 in Los Angeles, California. (Photo by RB/Bauer-Griffin/GC Images) The Oops Magic Learned From The basketball legend opened up again — the story is an o…
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