Technically wouldn't he have lived off the interest and the $5 million in endorsements? My brain won't accept that as "thrift".
But it is, living off the interest and preserving the principle is smart as all get out. He can still ball out and start businesses etc which bring in more income -- or, if they flop, he's not broke because he didn't dig into the principle.
Totally agree. Wicked smart. I just meant that $5 million or interest on $50 million doesn't = thrifty in my mind. Just smart and practical.