During the recession time, investors or rather be called as speculators were fear of loss money in stock market or commodity market and got themselves out from it in order to stop bleeding.
If you were smart enough or having high Financial Intelligence, recession was the best time for you to get into the market and sweep the stocks as much as you can(must prepare well and know what are you doing before entering the market).
This was how Warren Buffet and George Soros made money through market over retail investors reactions.
But shall we act like them to become the most successful investors?
My answer is, depends on you as no advice is the best unless you found the one which suits for you. I would not take others' advice easily because I should know that everyone has the different way in thinking and no standard can be made after the teller speaks out the things.
We must find a suitable way for ourselves to avoid over-following. I admire Buffett even Kiyosaki but I do not really follow what they say and actually choose some of the advice which I think it would suit to me.
Kiyosaki has changed the way I thought for my future. He changed my mindset as I only realized lack of financial education is the worst. To be success, change in mindset is the key. Kiyosaki prefers using good debt to make money if you are able to manage the high leverage risk
Buffett has taught me how to be an investor, and how should an investor act during the bull or bear market. Fundamental analysis and businessman-thinking-way are the ways to make it. To be success, rational is the key. Buffett doesn't like making money by debt and cash is the only safety way.
Both of them have some differences and similarity, but both of them are great. They have changed a lot of people including me.
In order to success in this century, keep learning. Do not stop doing that. At last, If you do not know what you are doing, no asset can make you rich. Ultimately, what makes you rich is your financial intelligence. Your greatest asset is your brain — so take care of it and protect it from bad advice.
