"rich dad/ poor dad" Japanese guy now a TA guru

Kiyoshaki is nothing like Trump, he by accident wrote some books that took off and since he is a "guru". He made far more money in speaking, seminars and book/gadget sales than from R/E, but I am sure he might have a few houses for rent and he might even live in one....but he is no R/E guru or investor....
Trump is on the other hand a class A A hole and fraud.
Quote from OTCkrak:

LMAO

http://finance.yahoo.com/banking-budgeting/article/108837/dead-cat

the article link includes some graphs



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Quote from Kassz007:

If his name is attached to the brand then he is associated, if not responsible. End of story.
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I don't know what this "being responsible" means.

Anybody who is full of hot air can write a book. This is a free country! It's a matter of whether one can find a publisher to publish the work and whether there will be enough people wanting to buy that book.

So let's say in the book, the "Kiyosaki" said "you should mortgage your house to short the Dow", or "I would mortgage my house to short the Dow". And after reading this book you did mortgage your house to short the Dow. And the Dow went to 14000. So you have lost your house. So you sue Kiyosaki for being "responsible" for telling people to short the Dow?

Unless someone is distorting facts in a non-fiction book, any prediction or advice is a matter of opinion.
 
Quote from Bolimomo:

I don't know what this "being responsible" means.

Anybody who is full of hot air can write a book. This is a free country! It's a matter of whether one can find a publisher to publish the work and whether there will be enough people wanting to buy that book.

So let's say in the book, the "Kiyosaki" said "you should mortgage your house to short the Dow", or "I would mortgage my house to short the Dow". And after reading this book you did mortgage your house to short the Dow. And the Dow went to 14000. So you have lost your house. So you sue Kiyosaki for being "responsible" for telling people to short the Dow?

Unless someone is distorting facts in a non-fiction book, any prediction or advice is a matter of opinion.
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I don't mean responsible in the context you've used it (as in responsible for investors losses). I mean responsible as in responsible for the content taught at his seminars and the content in the books that bear his name.

In the documentary I saw on him that accused him of charging money for terrible advice and terrible seminars, Kiyosaki basically said "I am not involved in these seminars - I only allow them to use my name (in exchange for a fee, of course). Therefore I am not responsible for what they teach."

This is complete BS. If his name is attached to the product, he is ultimately as responsible as anyone for the content being "taught".
 
Quote from Kassz007:

I watched a documentary on this guy's real estate seminars a little while back on a Canadian news channel (CBC). I was shocked at what I saw because I always thought this guy was a respectable business man. The opposite is actually true. The documentary went undercover and showed the utter and total BS they were selling (telling "students" to max out their credit cards to get money for real estate investing etc.). Robert even admitted on camera that the guys teaching these classes were scum and tried to explain that he was affiliated with the classes by name only and was trying to get out of the contract with the company teaching those classes. The very definition of a snake oil salesman.
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Yea, I heard the broadcast on CBC radio. Total joke.
 
I remember seeing the ads a year or so ago in the Toronto Star....

In tiny tiny print, it says on the full page ad "Robert Kiyosaki will not be attending this event"
 
A fourth-generation Japanese American, Kiyosaki was born and raised in Hawaii. He is the son of the late educator Ralph H. Kiyosaki (1919-1991). After graduating from Hilo High School, he attended the U.S. Merchant Marine Academy in New York, graduating with the class of 1969 as a deck officer. He later served in the Marine Corps as a helicopter gunship pilot during the Vietnam War.

:eek:
 
Quote from konviction:

What is this documentary you people speak of? link please.
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I watched it on a Canadian news channel called CBC. Not sure who produced it. I will try to find a link somewhere for you.
 
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