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Jason over at InvestorGeeks.com puts together a nice analytical review of the much talked about “Little Book of Value Investing”.
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I’m with prlinkbiz, what did Robert lie about?

-J

I think Cramer and Kiyosaki and Orman are all great at what they do, which is marketing, not investing, though I do enjoy listening to and watching Cramer and I believe Suze is giving her advice to people who don’t want to manage their investments and her advice doesn’t really hurt anyone, it’s just overly simplistic to me, which is fine if that’s what you’re into.

I totally disagree with Kiyosaki (liar in Japanese I believe) simply because he comes from dishonesty and lies about it constantly and I find his books rather simplistic and bordering on childish.

I like the Automatic Millionaire guy until he gets to his chapter on Mutual Funds, which is the most rediculous chapter I’ve read in any investing book and any ‘investment teacher’ who actually prints, “You’d have ONLY LOST 20%! (don’t quote the 20%, I don’t have the book handy)” is an idiot.

I’m going to post about the two best investing books of all time in a future article, maybe you’ll find some great insites from them!

In any event, it’s fun to read everyone’s different strategies and opinions, so thanks for sharing yours with the site! I look forward to reading more about your strategy!

I appreciate that even though you and I have completely different viewpoints on the value of Rich Dad, you have invited me to post here. It is telling of the discussion type format you wish to promote.

I may not agree with everything Jim Cramer, Robert Kiyosaki, or Suze Orman have to say but each add value especially in their own expertise. Just as the “guru” in my post added value (not in this specific example, but in other areas, he was bang on with his advice). To dismiss them completely is to dismiss this value.

He also gives a 30 second reason why. It gives the impression that that is a person needs to know in order to invest.

Jason, tell them to play stop losses for $0.50 below the current price, don’t sell outright! And, if they have gains, it might be better to wait and sell in January to delay the taxation for 16 months, but I’m not sure what their current stock situation is.

In any event, great advice Kimber, and remember, Jim Cramer is wrong a ton of the time and Rich Dad, Poor Dad is full of shit and a big ol’ liar. http://tim.2wgroup.com/blog/archives/000210.html

Unforeseen things happen in the stock market all the time. If you don’t do your own homework, you’ll have no idea how to handle these situations.

Recently, a couple of our forums members have inherited stock in some way, one through an actual inheritance and another by taking over his investments from his financial planners. I advised both of these people to immediately sell all of the holdings and start with a clean slate. Why? Because they hadn’t yet done their own homework.

Without doing your own homework, how do you know what to do when a stock you own falls in price? Should you buy more now? Should you get out? You have no idea.

What if the price goes up? Should you be taking profits? How far is the stock going to ride?

If you choose to actively control your stock portfolio, you need to have an understanding of all the stocks you own. You can’t simply keep a portfolio and check it every year to see how much you’ve made.

This goes the same when you are trading on tips from newsletters, TV shows, or other gurus. Chances are you are listening to a smart guy (maybe he isn’t even a criminal). But even the best investors can be wrong more often than they are right? They just know how to cut their losses when things don’t pan out how they intended.

If I invest on the advice of Jim Cramer without doing my homework, what am I going to do when his thesis doesn’t pan out and he doesn’t address the fact on his TV show? I’m either going to sell scared or sit on my ass and lose money until he tells me what to do about it (which could be a while). If I did my own homework (something Jim stresses a lot), I’d understand what was happening to my stock more and could make a decision on my own (fancy that).