Magic Johnson Passed on Investing in Nike Way Back in 1979

Byhiphop

[youtube ytid=”https://www.youtube.com/watch?v=b0LIcojJpyc?autoplay=1&w=580&h=385″ ]

Back when he first went pro, Magic Johnson was offered an endorsement by a new shoe company with a funny name. They didn’t have much money, but they offered him stock. Magic turned Nike down, a decision he still regrets.

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