Robert Kiyosaki

[Evan]

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I liked the part where he owns gold mining companies in the 70s. He then said that the companies wouldn't be successful unless the price of gold went up. ???

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Gold mines that depend on gold prices incresing are a pretty classic example of real options. What is so bad about this?

[Evan]

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(For example, if inflation is at 5 percent and interest rates are at 5 percent, the real interest rate is 0 percent. So, in this example, to increase demand for the dollar, the Federal Reserve would have to raise interest rates above 5 percent, to, say, 8 percent. That would means investors would receive a net 3 percent return on their money.)

This is such crap, when i read his latest article i thought it was the worst one yet.



-Alex

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Why did you think it was bad? What about that quote is wrong?

[Alex/Mugaaz]

I read 2-3 of his books including RDPD. FWIW I think his books are somewhere between "Learn Poker from the Pros" and WLLH, except remove every hand example. The best part of RDPD was the list of recommended books at the back.