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Author: activeREinvestor Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 281  
Subject: Re: Rich Dad, Dumb Dad? Date: 9/6/2006 7:14 AM
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His insights, to use a generous term, are not his own. It is merely conventional thinking expressed very poorly.

...the existing language is already adequate to explain the ideas he presents, and in fact they have been adequate for over a century.

I don't begrudge his success. Obviously people respond to his message.


He might be expressing himself poorly and distorting the definitions that have been used for 100 years. Lets agree that he is doing this now that you have suggested it.

As he is very popular, sells a lot of books, etc and has people talking about how the concepts can be applied I would say he is doing much better than the prior authors and experts. Somehow his use of language has changed the conversation so a lot more people are engaged. Some appear to be taking action.

If we measure the impact the experts who use the classic definitions have had when it comes to encouraging understanding I would say they are coming up short compared to RK. And it is also true that RK is still wrong at a technical level about the definition of a liability.

Similar to Microsoft. The best OS was not produced in Redmond. It just happens to be the most popular for any number of reasons.

There is room for RK to be effective and successful without being technically correct or right. People can still benefit from what he has shared in his books even if he had to make it up and change definitions to get his point across.

John Corey

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