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I won $28 million in the Powerball when I was 21. One choice saved me from becoming a broke lottery winner.

Tim Schultz won a $28 million Powerball jackpot in February 1999.Tim ShultzWednesday's Powerball jackpot reaches $1.7 billion, the sixth-largest in history.Former winner Timothy Shultz credits financial advisors for preserving his lottery wealth.Shultz invested in stocks and bonds, but has one regret about his choice of investments.The holiday season may have most of us ready to …

My last-second holiday wish list for the business world

Tell us what's on your wish list.Tatiana Sviridova/Getty ImagesThis post originally appeared in the Business Insider Today newsletter.You can sign up for Business Insider's daily newsletter here.I missed Hanukkah, and I'm cutting it close on Christmas, but I've finally got my holiday wish list in order.I'm not looking for new sneakers or some cool electronics. …

iRobot founder says company’s bankruptcy revealed a new kind of competitor: ‘the Chinese fast follower’

iRobot cofounder Colin Angle next to a Roomba.Matthew J. Lee/The Boston Globe via Getty ImagesiRobot filed for bankruptcy and will be acquired by Picea Robotics, a Chinese company.Founder Colin Angle said iRobot faced rising competition from Chinese robotics firms.Angle said that China's subsidies to local manufacturers created a "protected market" for competitors.If there's one lesson …

‘Tis the season for another Blackstone holiday video

Blackstone's Steve Schwarzman and Jon Gray in a Back to the Future parody from the firm's holiday videoBlackstoneThis post originally appeared in the BI Today newsletter.You can sign up for Business Insider's daily newsletter here.We're in the thick of the holiday season, and that can only mean one thing on Wall Street: Blackstone's annual holiday …