Boom, Bust & Mania
June 23, 2021
20 min
Full
320 of 638
June 23, 2021
Boom, Bust & Mania
0:00 / 20:49
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The Rich Dad Channel Episodes Around June 23, 2021
Episode 320 of 638 — walk the feed in the order it was published.
20:49This episodeBoom, Bust & Mania
Summary
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. <br /> 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.<br /> Jim Rogers, a financial commentator, and successful international investor says, "If you want to be rich you should study history." <br /> 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.<br /> Host Robert Kiyosaki and guest Jim Rogers discuss how we are doomed to repeat history if we don't learn from history. <br /> <a href="http://www.jimrogers.com" rel="noopener">www.jimrogers.com</a><br /> Learn more about your ad choices. Visit megaphone.fm/adchoices
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