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Ewww - Kiyosaki Strikes Again
02-06-2007, 06:00 PM
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#1
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Full time employment: Posting here.
Join Date: Oct 2003
Posts: 961
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Ewww - Kiyosaki Strikes Again
This time he's piggy backing off of John Bogle [AAAHHHHHHHHH!!!!!!!!]
Mutual Funds Get Greedy
I guess Kiyosaki forgot to mention that he's scamming investors just like those mutual fund companies.
- Alec
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Re: Ewww - Kiyosaki Strikes Again
02-06-2007, 08:24 PM
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#2
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 2,450
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Re: Ewww - Kiyosaki Strikes Again
hmmm...this asshat was on with Paul Merriman and wouldnt directly answer any questions....just rambled on about nonsense...
__________________
- Hurry! to the cliffs of insanity!
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Re: Ewww - Kiyosaki Strikes Again
02-06-2007, 09:24 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Feb 2003
Location: Mesa
Posts: 3,588
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Re: Ewww - Kiyosaki Strikes Again
This guy can use more words to express fewer ideas than anyone I've ever known. He's making lots of money from his books, though.
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Re: Ewww - Kiyosaki Strikes Again
02-06-2007, 09:47 PM
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#4
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Full time employment: Posting here.
Join Date: Nov 2006
Posts: 548
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Re: Ewww - Kiyosaki Strikes Again
Quote:
Originally Posted by sgeeeee
use more words to express fewer ideas than anyone
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Hmmm.... there used to be a guy on TMF... nah, I won't go there.
In any event, this guy is a trip. Saw him recently on PBS and having never heard of him previously, I was shocked that PBS would stoop to such an obvious self-serving snake oil infomercial for his book and seminars.
There was a good debunking article, let me see if I can find it.... <sound of rumaging in virtual on line attic>...
http://www.johntreed.com/Kiyosaki.html
(I can't vouch for author of critique myself, but it seemed pretty insightful)
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Re: Ewww - Kiyosaki Strikes Again
02-06-2007, 09:52 PM
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#5
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Thinks s/he gets paid by the post
Join Date: Feb 2003
Location: Mesa
Posts: 3,588
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Re: Ewww - Kiyosaki Strikes Again
Quote:
Originally Posted by DRiP Guy
Hmmm.... there used to be a guy on TMF... nah, I won't go there.
. . .
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Yeah . . . I thought of h-o-c-u-s right after I wrote that sentence.
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Re: Ewww - Kiyosaki Strikes Again
02-06-2007, 11:37 PM
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#6
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Recycles dryer sheets
Join Date: Apr 2006
Posts: 190
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Re: Ewww - Kiyosaki Strikes Again
Writing books for publication on a deadline is hard. Lots of words for few ideas is a great skill.
A better one is a large folder full of lots of illustrations, photographs and charts to fill page space -- since the contract is for a number of pages (with a tolerance).
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Re: Ewww - Kiyosaki Strikes Again
02-07-2007, 06:35 AM
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#7
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,708
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Re: Ewww - Kiyosaki Strikes Again
Quote:
Originally Posted by sgeeeee
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He appears to still be holding forth over at the vanguard boards. I'm reminded of one of those paul hogan crocodile dundee movies where he's taken to the hotel room and see's a television. Commenting "I saw one of those once" he turns it on to see "I love lucy", remarks "yep, thats what I saw" and shuts it off.
A tremendous waste of an apparently unexamined life. And a fairly substantial waste for the people who dont enough to avoid reading the never ending drivel.
At least Kiyosaki makes money off of the hoo-hah.
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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Re: Ewww - Kiyosaki Strikes Again
02-07-2007, 07:42 AM
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#8
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Thinks s/he gets paid by the post
Join Date: Aug 2004
Location: St. Louis
Posts: 2,179
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Re: Ewww - Kiyosaki Strikes Again
Quote:
Originally Posted by Maddy the Turbo Beagle
hmmm...this asshat was on with Paul Merriman and wouldnt directly answer any questions....just rambled on about nonsense...
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Quote:
Originally Posted by sgeeeee
This guy can use more words to express fewer ideas than anyone I've ever known.
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ROFL....Dory ought to start writing a script for a sitcom with actual posts from people on this forum. I always laugh more from this forum than watching any tv show or movie.
__________________
Dryer sheets Schmyer sheets
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Re: Ewww - Kiyosaki Strikes Again
02-07-2007, 07:51 AM
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#9
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Thinks s/he gets paid by the post
Join Date: Oct 2006
Location: North-Central Illinois
Posts: 3,228
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Re: Ewww - Kiyosaki Strikes Again
Quote:
Originally Posted by Maddy the Turbo Beagle
hmmm...this asshat was on with Paul Merriman and wouldnt directly answer any questions....just rambled on about nonsense...
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Quote:
Originally Posted by sgeeeee
This guy can use more words to express fewer ideas than anyone I've ever known.
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Maybe he's gonna throw his hat in the ring to run for President!
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Re: Ewww - Kiyosaki Strikes Again
02-07-2007, 08:12 AM
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#10
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Recycles dryer sheets
Join Date: Jun 2005
Posts: 304
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Re: Ewww - Kiyosaki Strikes Again
I like how he says you would have made money by 'just owning the market', and that poor results of the average investor were due to (I forget the exact terms) selection cost and performance chasing.
So I'm thinking, well yes we all know that, and the conclusion is to own low-cost index funds to own 'the market'. But he never tells us that !!! What a joke this guy is.
I think his useful advice ended after he put forth his first idea in his original book: buy assets, don't buy liabilities.
Amazing that he expanded this into an empire. How he can sleep at night is beyond me.
- John
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Re: Ewww - Kiyosaki Strikes Again
02-07-2007, 08:18 AM
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#11
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,708
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Re: Ewww - Kiyosaki Strikes Again
I'm sure he sleeps fine, secure in the knowledge that he's helping people everywhere.
Of course, his idea of helping people is to milk away some of their extra cash so they dont have to worry about how to spend it...
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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Re: Ewww - Kiyosaki Strikes Again
02-07-2007, 08:22 AM
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#12
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2003
Location: Kansas City
Posts: 7,968
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Re: Ewww - Kiyosaki Strikes Again
Caught him on PBS - strikes me as a true believer in his message(??) and a legend in his own mind.
heh heh
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Re: Ewww - Kiyosaki Strikes Again
02-07-2007, 08:24 AM
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#13
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,708
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Re: Ewww - Kiyosaki Strikes Again
Of course he believes it.
You know the difference between a marketeer and a salesman? The salesman KNOWS he's lying.
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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Re: Ewww - Kiyosaki Strikes Again
02-07-2007, 08:27 AM
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#14
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,145
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Re: Ewww - Kiyosaki Strikes Again
Quote:
Originally Posted by Cute Fuzzy Bunny
A tremendous waste of an apparently unexamined life.
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Yeah, but he's raking in the dough, so what does he care!?!
Audrey
__________________
Retired since summer 1999.
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Re: Ewww - Kiyosaki Strikes Again
02-07-2007, 08:42 AM
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#15
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,708
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Re: Ewww - Kiyosaki Strikes Again
I was talking about ho-suc, but your point is well made.
IIRC ho-suc is trying to make it on a couple of hundred thousand, invested in all fixed income. Apparently the stock market has been overvalued since 1990 and he wont have any part of losing money.
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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Re: Ewww - Kiyosaki Strikes Again
02-07-2007, 06:36 PM
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#16
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Moderator Emeritus
Join Date: Dec 2005
Posts: 10,125
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Re: Ewww - Kiyosaki Strikes Again
Quote:
Originally Posted by Cute Fuzzy Bunny
Of course he believes it.
You know the difference between a marketeer and a salesman? The salesman KNOWS he's lying.
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He believes in himself and his backstory, no matter how much we may see flaws in his logic. And there is a wide group of people who want to believe in certainty, black and white, no wiggle room and all that. Of course, I suspect this is why he got his start talking to MLM/Amwayers.
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Angels danced on the day that you were born.
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