DISQUS

Jeremy Palmer · 3 years ago

I couldn't agree more. Reminds me of the BusinessWeek valuation of Digg:

People in the know say Digg is easily worth $200 million.

I find that interesting, considering that in the same article they mentioned they are only making 3 million a year in revenue?

Rhianna · 3 years ago

Thanks for the links.

As with any bubbles luck plays a part with entry but sagacity determines how much $$$ the investor takes at the exit ;-)

Vinny Lingham · 3 years ago

I just read Rich Dad's Prophecy - scary book, but basically says we're going to have another (or rather, the biggest) bubble, before it all really goes pop!

Rhianna · 3 years ago

Vinny,

Do you really think that Rich Dad's Prophecy is worth buying?

I jotted down the title & info thinking perhaps I'd search for the book at the Library but after a glimpse of a couple of pages available through Amazon (thanks for the link), the book looks like a "New Age style economics book with a lot of fluffy filler" IMHO. There might be a few tips in the book that are worthwhile and I might still track it down at the library.

I got a kick out of some of the Amazon reviews (these can be read if one follows your given link).
H. Buning "harmgb2" (Texas) said s/he would rather read Suze Orman :D
There were some other entertaining reviews as well.

Library Journal refers to Kiyosaki as a "superhot financial writer" without going into much detail as to why Kiyosaki's book on this topic is so great.

Read: THE MISSISSIPPI SCHEME
THE SOUTH SEA BUBBLE
THE TULIPOMANIA

from MEMOIRS OF EXTRAORDINARY POPULAR DELUSIONS
BY CHARLES MACKAY

ftp://ibiblio.org/pub/docs/books/gutenberg/etext96/ppdel10.txt

Those memoirs have educational value that rings true to the present day.

Vinny Lingham · 3 years ago

His books are definitely geared at the more financially illiterate, but some of the arguments and conclusions that he presents are very interesting. Overall, there's probably a few chapters worth reading, and some become really repetitive - but I would definitely say that I would have rather read what he, than to have not.

He does do a lot of shameless self plugs to his other books and materials - and in terms of investing, he is very conservative - overall though, it's a nice primer and an easy read for people looking to understand financial economics (sic).

Rhianna · 3 years ago

"...some of the arguments and conclusions that he presents are very interesting. Overall, there’s probably a few chapters worth reading ..."

I'll put that on my list to check out some day ...

Are there any other economic related books you find interesting?
I studied macro- and micro- back in college.

Rhianna · 3 years ago

Here's a really good link with a "clickable" Table of Contents to
MEMOIRS OF EXTRAORDINARY POPULAR DELUSIONS
BY CHARLES MACKAY:

http://www.econlib.org/library/mackay/macExCont...

It's an enjoyable read (I own the book).