Wednesday, October 26, 2005

The Other Side of Robert T Kiyosaki

Kiyosaki BookRobert Kiyosaki is best-known for his books on investing. His first bestseller was titled Rich Dad, Poor Dad, and is an attempt to change the mindset of the average employee.

Since 1999, marketer, investor, and real estate business man, John T. Reed did the investigation through Kiyosaki's articles and history. Then he wrote in

I just quote some, and maybe I encourage readers to read more regarding this in John T Reed website. And to make it fair read also the answer of Kiyosaki in Master Mind Forum.

A number of people have asked me about Robert T. Kiyosaki and his book Rich Dad, Poor Dad. When I said I didn’t think he was a real-estate guru, a number of people insisted he was. Several told me I would like him, that he preaches a message like mine. Eager to find such a guru, I bought his book, Rich Dad, Poor Dad in a bookstore.
I interested with this one since I was reading newspaper from Harian Bisnis Indonesia regarding insider trading. Some of the Kiyosaki articles said that insider trading is legal:
There are forms of insider trading that are legal
Then John T. Reed have comment like this:
It is generally illegal to buy or sell stock when you are in possession of material, nonpublic information about the corporation in question. The only legal insider trading is non-short-sale trading which is done by an insider who is registered with the SEC, reports his trades within ten days after the end of the month in which the trades occurred, and who did not have material, nonpublic information at the time of the trades.
What I think?

From here, I just learn that we should read and know another side of a book or author before follow the ideas in that book. It will make fair, so we can decide who is right, or maybe just take what is right for us.

How about you?


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