Sure, let's imagine you're saving up to buy something really cool, like a new bicycle.
1. **Bitcoin is like the most expensive bicycle in the shop, costing $76,000.** You look at it and think, "Wow, that's too much! I'll wait until it's cheaper." But later, you see someone else riding it and having so much fun, you wish you had bought it even if it was pricey.
2. **Gold is like the next best bicycle, costing $2684.** You think, "Still expensive, but maybe when it goes on sale?" And you keep waiting.
3. **Silver is like a normal but still cool bicycle, costing $32.** You think, "That's still more than I wanted to spend." But remember, everyone else wants the same bike, so it might run out soon!
Now, there's this rich guy named Robert Kiyosaki who has been buying these bicycles for a long time. He bought his first bicycle (Bitcoin) when it was just $6000! Even though they're all expensive now ($76k for the fancy one, $2684 for the next best, and $32 for the normal one), he keeps buying them because:
- **He understands that prices go up and down.** Just like how that fancy bicycle might go on sale sometimes.
- **He wants to own as many cool bicycles as possible over time.** This way, even if some aren't cheap right now, he has other ones to enjoy.
So, instead of waiting for the price to drop, which can take a long time or maybe never happen, Mr. Kiyosaki just keeps saving and buying whenever he can, because he understands that the more cool bicycles (or investments) you have, the more fun (rich) you'll be in the end! And sometimes, it's okay if they're expensive as long as you planned for it.
Read from source...
Based on the given text, here are some potential criticisms and points of inconsistency, bias, or irrational arguments that a reader might highlight:
1. **Inconsistency in Price Assessment**:
- The opening sentences show that $32 for silver seems too expensive to the poor person, but Robert Kiyosaki invests in assets like Bitcoin at $76,000 per coin and gold at $2,684 per ounce without calling them too expensive.
- He also bought Bitcoin when it was valued at $6,000, which might have seemed expensive to him at that time as well, given his apparent preference for waiting until prices come down.
2. **Bias Towards Crypto and Precious Metals**:
- Kiyosaki continuously pushes investments in Bitcoin, gold, and silver without thorough comparisons with other asset classes like stocks or bonds.
- He might have a bias towards these assets due to their potential for high growth or his personal investment experiences.
3. **Overlooking Risk and Volatility**:
- While Kiyosaki emphasizes the importance of long-term accumulation, he doesn't thoroughly discuss the risks involved in highly volatile asset classes like Bitcoin.
- Ignoring risk might lead investors to believe that they can only benefit from these investments without considering potential losses.
4. **Emotional Behavior**:
- The poor person's statements exhibit emotional behavior, with a focus on waiting for prices to drop before investing. This could indicate fear of missing out (FOMO) or regret over previous missed opportunities.
- Kiyosaki's regret over not investing in Bitcoin at $10 also shows some degree of emotional response.
5. **Simplification of Investment Strategy**:
- Kiyosaki simplifies investment strategy to 'accumulate as many assets as possible for the long haul,' which might oversimplify the complexities involved in successful long-term investing.
6. **Lack of Concrete Evidence**:
- While Kiyosaki provides some insights into his personal experiences, he doesn't provide concrete evidence or data supporting his strategies.
- Without backing up his claims with solid data, it's more challenging to persuade others to adopt his investment approach.
Based on the provided article, here's a breakdown of the sentiment:
- **Bearish/Bad:** The word "too expensive" is used three times by an unspecified person in response to the current prices of Bitcoin, gold, and silver. This suggests a bearish or negative sentiment towards investing at these prices.
- **Neutral/Indifferent:** No explicit positive or negative sentiments are expressed regarding the mentioned assets' prices.
Overall, while there's neutral sentiment from the average investors, the article mainly focuses on Robert Kiyosaki's long-term investment strategy and his commitment to consistent investment despite market fluctuations. So, the overall sentiment of the article is positive, as it promotes the idea of continuous investment and diversification for long-term wealth accumulation.