Robert Kiyosaki, the author of Rich Dad Poor Dad, has recently revealed his investment strategy, highlighting its primary divergence from the methods adopted by Warren Buffet, CEO of Berkshire Hathaway. The famous author explained, “I am an average investor ‘accumulating’ the asset I want for the long term. I have been accumulating gold, silver, bitcoin, and real estate for years.”
Robert Kiyosaki Says His Investment Strategy Is Different From That Of Warren Buffet’s:
Robert Kiyosaki, Rich Dad Poor Dad’s author, has recently outlined his basic investment strategy, highlighting its divergence from the methods adopted by none other than Warren Buffet, an investing legend.
Kiyosaki co-authored his magnum opus with Sharon Lechter in 1997. For more than six years, the book was on the Best Seller List of the New York Times. Over 32 million copies were sold in more than 51 languages across 109 countries and more.
On Sunday, Kiyosaki wrote on X, “Rather than pretend to be Warren Buffett picking bottoms, I am an average investor ‘accumulating’ the asset I want for the long term. I have been accumulating gold, silver, bitcoin, and real estate for years. My first gold coin cost $50. Today, that same coin is worth $2,000. You can become rich by being an average investor, using dollar cost averaging to get rich. Take care. Gold dropped $10 today. Silver 14 cents. This is where ‘dollar cost averaging’ pays off.”
Buffet advocates value investing. Previously, he explained how the secret of his investment success is actually about making “investments in businesses with both long-lasting favorable economic characteristics and trustworthy managers.”
The CEO of Berkshire Hathaway had also previously mentioned, “When buying companies or common stocks, we look for first-class businesses accompanied by first-class management.”
Kiyosaki’s ‘Actual’ Views And Predictions:
Kiyosaki, on the other hand, has been advising investors to purchase Bitcoin, Silver, and Gold for some time now.
Last week, the famous author said that BTC’s price is heading towards 135,000 dollars, while Gold will end up breaking through 2,100 dollars before taking off. Additionally, he mentioned that silver was slated to rise from 23 dollars to 63 dollars an ounce.
The author has made multiple predictions about the price of Bitcoin, Silver, and Gold. Only in August, he had mentioned if an international economic crisis takes place, the cost of Bitcoin would rise to a million dollars, with Silver reaching 60,000 dollars and Gold climbing to 75,000 dollars.
Back in February, he had mentioned that the cost of BTC can be expected to rise to 500,000 dollars in 2025, while Silver is anticipated to reach 500 dollars, and Gold is projected to climb to 5,000 dollars in the same timeframe.
Unlike Kiyosaki, Warren Buffet is not really a fan of cryptocurrencies, especially Bitcoin. The investing legend is famous for actually calling cryptos, ‘probably rat poison squared.’ In April, Buffet called BTC a gambling token that does not possess any intrinsic value. Then, back in May last year, Buffet said he would not pay even 25 dollars for all the Bitcoins in the world.