investing

Rich Dad, Poor Dad… and the cesspit of stupidity

Is Robert Kiyosaki full of shit?I tried, a few times, to get through Rich Dad, Poor Dad. But every time I picked it up and tried to digest it, something just didn’t seem right.

It’s a best seller! Everyone’s recommending it! How could all those people be wrong?

What’s wrong with me?

I think I found my answer. Finch nails it with his closing line: “Common sense looks like genius when it’s viewed from a cesspit of stupidity.”

This book, shockingly ranked #1 on Amazon for Personal Finance, might as well have been called Rich Dad Poor Dad Hopelessly Deluded Author. It’s so far detached from real-life wealth generation, that you should probably confine all future Robert Kiyosaki works to the Fiction section. He clearly specialises in talking out of his arse.

via Rich Dad Poor Dad Review « Motivation For Entrepreneurs « Finch Blogs – Secret Diary of an Internet Marketer.

More:

• John T. Reed’s analysis of Robert T. Kiyosaki’s book Rich Dad, Poor Dad
• Is Robert Kiyosaki full of shit?

Time to buy gold? Here’s what Warren Buffet thinks…

Warren BuffettThe price of gold has come down a bit after tripling in the past five years. Is now the time to buy?  Here’s what Warren Buffet thinks. Any time the world’s wealthiest investor offers some insight, it pays to listen:

What motivates most gold purchasers is their belief that the ranks of the fearful will grow. During the past decade that belief has proved correct. Beyond that, the rising price has on its own generated additional buying enthusiasm, attracting purchasers who see the rise as validating an investment thesis. As “bandwagon” investors join any party, they create their own truth — for a while.

via Warren Buffett: Why stocks beat gold and bonds – The Term Sheet: Fortune’s deals blog Term Sheet.

 Scroll to top