From Champ to Chump

I don't know about brilliant, but you clearly don't have to be a rocket scientist to figure out Mike Tyson (search) was headed for financial trouble.

Not because Mike Tyson's a bad guy. I think he got into trouble because he was a good guy.

That's right, Iron Mike, ex-champ, ex-convict was and is a good guy. A guy who did a lot of awful things, but still did a lot of good things, generous things. Things that endeared him, but ultimately cost him.

There's the story of how he bought brand new Mercedes for his entire posse -- an impressive group of hangers-on and sycophants if ever there was one. He'd buy women $176,000 necklaces. Handlers got homes. Girlfriends got villas. Ex-wives got estates and still others got cash, lots of it.

Whatever they needed, Iron Mike gave it, probably because he figured he had lots of it. And now he has lost it -- all of it.

And just where's the posse now? Where are his friends? Where are his handlers? Where are the people who stood by him when he had it all? Will they even talk to him now that he's lost it all? Some will but most won't. It's human nature to take advantage of a guy whose heart is bigger than his wallet. Who'd do anything for a friend, if he could just find a friend.

Mike Tyson's no saint, but he’s no Satan either.

He gave. They took.

He's broke. And now, they're gone.

It's not the first time a champ has felt like a chump and it won't be the last.

Watch Neil Cavuto's Common Sense weekdays at 4 p.m. ET on Your World with Cavuto. 

Neil Cavuto serves as senior vice president, anchor and managing editor for both FOX News Channel (FNC) and FOX Business Network (FBN). He is anchor of FNC's Your World with Cavuto - the number one rated cable news program for the 4 p.m. timeslot - as well as the FNC Saturday show Cavuto on Business. He also hosts Cavuto on FBN weeknights at 8 p.m. In addition to anchoring daily programs and breaking news specials on FNC and FBN, Cavuto oversees business news content for both networks and FNC's weekend business shows, including Bulls & Bears, Forbes on Fox, and Cashin' In. Click here for more on Neil Cavuto.