I was at an event in Los Angeles and kept seeing older famous people I thought were dead. They drifted off the public scene and frankly I thought many of them were dead by now. Text from DJCline.com
I’ve been seeing a lot of them, doing public events, trade shows, talk shows, award shows, etc.
I asked a show biz friend what was going on. He said many of them lost all their savings in the crash. They thought that putting your money in major Wall Street funds or California real estate would be a safe bet. Not all celebrities burn out on the steps of rehab. Many of them managed their finances and went into a comfortable retirement. Some got burned by Bernie Madoff. Some lost it all and are looking for work. Text from DJCline.com
The result are rock stars coming out with one last album, sitcom idols doing tell-all autobiographies and lots of appearances on late night talk shows. Many are still funny and the years have added character to their characters. If you wonder why they are selling pet food it’s because they don’t want to wind up eating it. Text from DJCline.com
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Posted by dj in Commentary []