Hmmmn, what are your sentiments on the indefatigable Robert Kiyosaki?

In his own words "...a motivational speaker, hoping to educate novices in the world of business -- not a strict how-to-get-rich guy."


ABC ran a 20/20 segment on May 19, 2006 in which Kiyosaki was to advise three entrepreneurs on how to make money. They were given $1000 and 20 days to try and make the most money possible. One earned a return of 24%, the second earned a return of 54% but gave it all to charity, and the third lost 100% because she invested in machines that could not be delivered in 20 days. The contestants alleged that Kiyosaki never gave concrete advice. "All he [Kiyosaki] does is, I guess, is open your mind to the possibility. He doesn't tell you how to do it." Kiyosaki responded that failure is important to learning. At the end, 20/20 asks, "Does anyone really need 18 books to learn to fail?"

@pretty, @mukiha thanks for the link. Interesting perspectives I must say. Care to comment on your sentiments about the Rich Dad Poor Dad craze though...

Kiyosaki is a good motivational writer even though little of what he says is new. I am glad he stopped representing fiction as truth (the Rich Dad story never happened).

I disagree with most of his predictions: China is sustaining itself on stimulus dough and will soon crash? Well, so is the US, Japan, UK, rest of Europe, even Kenya. The entire global capitalist system today is a pyramid scheme sustained by printing money. We shall either learn to wind it down TOGETHER or all crash.

An Israeli military strike would not stop Iran's nuclear program - the reach is too far, the sites too well hidden and the collateral damage to the global economy too big. The only thing that could stop Iran is an Israeli nuclear strike (with bombs that they are supposed not to have) or a massive land invasion aided by America (not on Obama's watch). I do expect some attempts at covert regime change though, which will likely fail.

Otherwise the world had better get used to a nuclear armed Iran. We got used to Pakistan.