Kiyosaki, Buffett: Clash of Investment Philosophies

Robert Kiyosaki, author of Rich Dad, Poor Dad, has outlined his investment strategy, emphasizing its divergence from that of investing legend Warren Buffett.

Rich Dad, Poor Dad was written by Kiyosaki and Sharon Lechter in 1997. For over six years, it has appeared on the New York Times Best Seller List.

The book has sold over 32 million copies in over 51 languages and in over 109 countries.

On Sunday, Robert Kiyosaki posted on social media platform 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 set me back $50. Currently, this coin is worth $2,000. You can become wealthy as an average investor by utilizing dollar cost averaging. Regards,” he added.

Today, gold dropped $10. Silver costs 14 cents. Here, dollar-cost-averaging pays off.”

Buffett advocates for value investing. Previously, he explained that the secret to his investment success is making “investments in companies with both durable, favorable economic characteristics and dependable managers.”

The CEO of Berkshire Hathaway has stated in the past, “When purchasing companies or common stocks, we look for first-rate businesses with first-rate management.”

Kiyosaki has long recommended that investors purchase gold, silver, and Bitcoin. Last week, he predicted that the price of Bitcoin would reach $135,000 while gold would soon surpass $2,100 and then take off.

In addition, he stated that the cost of an ounce of silver will increase from $23 to $68.

The author of Rich Dad, Poor Dad has made several price predictions for for Bitcoin, gold, and silver.

In August, he predicted that, in the event of a global economic crisis, the price of Bitcoin would soar to $1 million, with gold reaching $75,000 and silver reaching $60,000, respectively.

In February, he predicted that the price of Bitcoin would reach $500,000 by 2025, while gold would earn $5,000 and silver would get $500 during the same period.

Buffett, unlike Kiyosaki, is not a fan of Bitcoin. The Oracle of Omaha is renowned for stating that cryptocurrencies are “likely rat poison squared.”

In April, he said Bitcoin is a gambling token with no intrinsic value. In May last year, he said he would not pay $25 for every existing Bitcoin.