Thursday, March 15, 2007

Rich Writer, Poor Thinker

Mr. Juggles at Long or Short Capital takes on Robert Kiyosaki:
Robert Kiyosaki is a maroon.

This is idiotic. In fact, this article is so terrible, I find it difficult to even know how to properly form an argument against it. It doesn’t even make sense.

But here is more evidence to unback-up the truck on Rich Dad Poor Dad guy.

While he is effectively mananaging his intelligence, and I applaud that, what exactly does this leave people to do with their money? He advocates against cash, stocks, bonds, saving money, buying things, the US, real estate, etc etc. What is left? Brine shrimp futures? Short or long positions in abstract ideas like Perf?
Go to Long or Short Capital to see the nonsense they're criticizing.


Einzige said...

I have high hopes that Kiyosaki's demise is imminent.

It would seem that the zeitgeist may finally be starting to turn against him, though it's probably too late for it to matter to Kiyosaki.

Jim Lippard said...

The following comment was posted on another blog entry, but belongs here. It was posted in response to a comment I posted on an story about Kiyosaki in June 2008, where I wrote, followed with a link to this blog post:

"Kiyosaki is a BS artist, and if Lechter co-authored Rich Dad, Poor Dad and helped with his company, so is she. This is a rare instance where the more money is funneled off to their respective attorneys, the more just an outcome it is."

KingPong said...

Hey there Jim.

Just so I can settle all your blogger-style objections before I begin, this comment has nothing to do with this post. I didn't even bother reading it.

I just wanted to drop in and let you know what a sad excuse you are for a PR guy for your just-as-sad blog. Loved how you comment spammed on AZ Central's article regarding the Rich Dad team split-up. Obviously you don't know either party personally, hence you making an ass of yourself in your comment on that particular article. I really get a laugh out of people calling other people "BS artists" when they proved they're a BS artist themself by writing such an ignorant comment.

Would love to hear some actual facts (not ego-blogger rhetoric) about what makes Robert a BS artist. I mean obviously you've met him, had personal conversations with him, read all or even some of his books, been to the Rich Dad offices, know employees who have been with the company for 8 years, and attended at least one of his $5,000 events. No wait let me guess - his $5,000 a seat events are a scam right? Silly me, I must've gotten suckered in huh. Bummer.

No wait - I didn't! BUT in the unlikely event I did, at least I wasn't the only one. I mean it wasn't like there was a guy in the room who has done 300 million dollars in real estate transactions, someone who owned their own hedge fund, or someone who had 8 alcohol and addiction treatment centers. I guess Robert must be a really good BS artist to fool these experienced players right?

Sounds like someone needs a reality check.


February 21, 2010 3:46 PM

Jim Lippard said...

KingPong: I reject your premise that anyone who gets wealthy people to attend $5,000/person events is necessarily not a bullshit artist, or that wealthy people can't be suckered by bullshit. Look at Bernie Madoff, for a counterexample.

I've never met Kiyosaki or attended any of his events, but I've read Rich Dad, Poor Dad and a few of his op-ed pieces. My opinion is backed up by the posts under the "Robert Kiyosaki" label on this blog and the corresponding links. One fairly comprehensive source is John T. Reed's analysis of Rich Dad, Poor Dad.

Another piece of evidence against Kiyosaki is that he has supporters who make blustery, arrogant, ad hominem-laden arguments that are virtually substance-free, and seem to think they've thereby made a good case in his defense--yet supporters who make calm, rational arguments that support his views seem to be nonexistent.