a little bit of recent Dykstra background

The following story appeared as recently as June 2008. It’s almost sadly comical now, but… I hope you weren’t one of the people investing with him.

“Lenny Dykstra has leveraged his ballplaying fame into a second career selling investment advice. A little-known strategist may be giving a lift to his stock picks

Day trading deity Jim Cramer crowned him ‘One of the great ones in this business.’ Fortune magazine gushed for six pages over the “fledgling guru” of investing. HBO referred to him as a “prominent, remarkably successful stock investor.”

The subject of this breathless coverage is Lenny Dykstra, a former New York Mets and Philadelphia Phillies outfielder who claims a 90%-plus return picking stocks each of the last three years. Yet a close look at Dykstra’s portfolio raises doubts about whether the baseball All-Star turned TheStreet.com guru has been picking many of those stocks or relying on a seasoned stand-in.”