Why do lottery winners often go broke and ruin their lives?

Alexander Korelin has been involved in the financial community since 1967 when he received his Bachelor of Arts degree from the University of Washington with a dual major in Economics and Russian literature. He went on to receive his Masters in Business Administration degree, with an emphasis Finance and International Trade, from the University of Puget Sound in 1978.He founded A.B. Korelin and Associates in 1982. The focus of the Company has always been on the mining industry. Al and his associates specialize in completing the regulatory work that needed to be done in order for Canadian mining companies to be traded in the United States on major exchanges.In addition to his regulatory work, Al was an active member of the Board of Directors of American Pacific Bank for twenty two years. As a Director of the Bank, he oversaw its evolution from a small private, rural community institution located in Aumsville, Oregon to one with its headquarters in downtown Portland and trading on Nasdaq. During his twenty two year tenure, he served on many of the Bank’s Management Committees; participated in meetings with the Federal Reserve; and, retired when the Bank was purchased by a major banking institution.Al also spends a considerable amount of time at investment conferences throughout North America. He is scheduled to speak and moderate panels due to his thorough knowledge of the investment community.