Comments on: Review: The Little Book That Saves Your Assets

By: Danny

Danny — Thu, 25 Sep 2008 20:05:51 +0000

I think it is funny that Rich Dad Poor Dad gets grouped into “personal finance books about taking on lots of risk.” If that is what you think it is about, you must have read it wrong.

Kiyosaki is all about managing risk, in the sense of lessening it. Not taking on more risk. His books aren’t even really personal finance but more in the vein of how to be a business owner and investor, either for yourself or a company.

You really have to be in the right mindset when reading his books, but if you are, you will learn a lot from them.

By: Rebeckah

Rebeckah — Tue, 23 Sep 2008 14:09:46 +0000

This post was very good. Thank you for sharing!

By: moneyclip

moneyclip — Mon, 22 Sep 2008 06:07:33 +0000

Ryan and Jake,
I agree that you can’t hold Darst entirely responsible for the troubles of the company he works for, but as a managing director of a company that is responsible for millions if not billions in assets it just seems quite a bit ironic that he wrote a book on the very subject that could be applied to his company’s turmoil.

I am keen on reading the book regardless, as I agree completely with Jake’s “do as I say, not as I do”.

By: jake

jake — Mon, 22 Sep 2008 03:54:16 +0000

@moneyclip the same thing ran through my head, it does make you think that even the best can fall.

But I must also say that it is harsh to assume Darst is guilty by association. We will never know if Darst had any direct link to what’s happening with Morgan Stanley even though his title might suggest so.

Advice is advice, you should always take it and do your own research to go with it. It reminds me of the saying “do as I say, not as I do.”

By: Ryan

Ryan — Mon, 22 Sep 2008 03:49:48 +0000

moneyclip, even if the author had a very powerful position within the company, that does not mean he had full control of the company. Many, many people are involved.

Just because of their current state it doesn’t mean that he doesn’t know what he’s talking about. Everything mentioned so far is good advice and is pretty much what you will find in an assortment of similar books.

By: Tabs

Tabs — Mon, 22 Sep 2008 02:28:52 +0000

People pay close attention to Chapter 13, Seven Quick Ways to Ruin. If you have any plans of opening your own business the summary of chapter 13 in this post is the greatest advice anyone can give you.

By: moneyclip

moneyclip — Mon, 22 Sep 2008 02:25:34 +0000

“David Darst, the author, is a managing director of Morgan Stanley…”

I don’t know if I would necessarily believe what David Darst writes especially in the wake of what is happening at Morgan Stanley. I mean the book looks good and all but is Mr. Darst actually following his own advice?

Morgan Stanley recently converted from an investment bank to bank hold companies so they could boost capital. Where has David Darst come up wrong in managing Morgan Stanley? Which part of his own advice has he not been following in Morgan Stanley?

I am just saying be skeptical of what someone writes especially when you see the company for which they are the managing director nearly taking a Lehman Brothers nose dive.

By: Todd A

Todd A — Sun, 21 Sep 2008 23:25:11 +0000

I have to say that the concept of “trading human capital for financial capital” is a bit depressing.

By: Ryan McLean

Ryan McLean — Sun, 21 Sep 2008 22:55:21 +0000

This sounds like a really good book. I can’t believe that this is the 6th in the series. Do you think it would be worth getting them all and reading them all?
Would they help me run my entrepreneurs website?