What do tulip bulbs and cryptocurrencies have in common? Today’s episode proves that amateurs are at the highest risk for losing big when an asset is in a bubble. You need only look at our crazes in modern times like the tech stock bubble of the early 2,000s, the sub-prime crisis in 2008, and even the designer fruit craze in modern-day Japan, where it can cost up to £20,000 for a square watermelon. Jim Rogers, a financial commentator, and successful international investor says, “If you want to be rich you should study history.” Unfortunately, the average investor doesn’t understand the fundamentals of the markets. They just buy because the market is going up…and everyone else is doing it. Host Robert Kiyosaki and guest Jim Rogers discuss how we are doomed to repeat history if we don’t learn from history.
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Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business