In 2012, a company owned by Robert Kiyosaki, the author of "Rich Dad Poor Dad", filed for bankruptcy. There are two theories about its bankruptcy: Some people think that this is another success story: Kiyosaki's main income comes from speaking, and his speeches

It is organized by his own limited liability company Global Wealth Limited in partnership with Learning Annex, an educational institution.

After earning income through speeches, Global Wealth Co., Ltd. did not settle the payment from Learning Annex.

Finally, Learning Annex sued Global Fortune in 2012 and won the lawsuit, receiving a compensation award of 24 million yuan.

But even though Kiyosaki had many other assets in his name, he still insisted on bankruptcy of Universal Rich (overseas, the bankruptcy of a limited liability company will not affect personal assets).

As a result, he does not have to pay the full 24 million yuan fine in compensation.

Therefore, this once again illustrates Kiyosaki's financial acumen. He used a simple method to avoid debt.

The same event has different situations from different perspectives.

Some people also think that this shows that Kiyosaki may be an empty-handed person, because this behavior affects his credibility.

In the years after 2012, his reputation has indeed been compromised. This is different from the description in his book that he is ashamed when he makes mistakes, takes the right path, and pays attention to his image and does not break the law.

What do you think of Kiyosaki and his "Rich Dad Poor Dad"? I personally think that his books still exude brilliance. For a college student who has just entered the society, or a parent who is interested in making his children make more rational decisions in the future, his books are still useful.

Very useful, and we didn’t see any wrong ideas in the book.

However, it should be noted that "Rich Dad Poor Dad" does not solve the specific problems of investment implementation. It is also a book that takes you into the investment field and guides you into wealth thinking, but it does not solve the specific problems of investment.

The question is very specific, we can summarize it as: "When? Buy or sell? How much? Which asset?" Investment decision-making is a very specific question, almost when you are thinking, but also because of the situation.

vary depending on the situation.

In 2002, Kiyosaki predicted that the U.S. stock market would crash in 2016. However, the prediction was not successful. Then Kiyosaki predicted that if the Federal Reserve cuts interest rates in 2016, the U.S. stock market will rebound sharply. Otherwise, a collapse is on the way.

As a result, the Federal Reserve began to raise interest rates and shrink its balance sheet in December 2016, and U.S. stocks continued to rise.

In addition, its prediction is also optimistic about the future of Bitcoin near the highest point of Bitcoin in 2018.

From the example of Kiyosaki, I would like to share some personal summary: 1. Investment decision-making is a specific decision that pays attention to details. It is impossible without methodology. However, without methodology alone, there is no investment base and information channels.

Knowledge cognition is also not possible.

We talked about why economics is so popular today because microeconomics guides people's decision-making.

Modern people have to make all decisions by themselves, and they have to bear the consequences of their decisions themselves.

2. Uncertainty and high probability.

In most cases, effective capital market stock prices move randomly, or in other words, in most cases you cannot predict future cash flows.

Einstein said: God does not play dice.

However, today's scientists are still trying their best to find evidence to prove that God is playing dice, from Bohr, Heisenberg, and Schr?dinger to the present.

Some time ago, Mike Deworet's laboratory at Yale University completed the capture of quantum jumps.

This shows that God is still playing dice.

In other words, although the future will be uncertain, you still have to find the probability of things. It is impossible for all things to be random probabilities.

For example, aging is a high-probability event. How can you make people look younger overnight?

For example, increased energy consumption and pollution are also high-probability events.

Therefore, investment consists in pursuing probabilities and then bearing the consequences of failed probabilistic predictions.

3. It is not necessary for investors to become successful educators.

He specializes in martial arts, so why didn’t Zhuge Liang become emperor?

There is another person in history who is also an educator, namely Jim Slater, the author of "The Zulu Law". In 1975, he went bankrupt due to the Great Depression of the United States. Buffett's performance that year was 4%.

The next year, Buffett almost doubled, but Jim Slater had no chance of investing.

Another person, Peter Lynch, finally succeeded using Jim Slater's investment principles. This method is PEG, which means that the growth rate in the next 3-5 years should be a stock reference price-earnings ratio.

Well, that's all.

This book is very useful in terms of cultivating primary financial intelligence for children or young people, but its practicality in China is worrisome.

The first time I read "Rich Dad" was in high school. My parents had never taught me about financial intelligence before. They just studied hard to prepare for college entrance exams.

But that book made me understand for the first time that money moves in a regular way, and that you can't make a fortune just by working hard.

However, the book series "Rich Dad" also has huge shortcomings, which I will discuss later.