Rich dad's who took my money? : why slow investors lose and fast money wins by Kiyosaki Robert T. 1947-;Lechter Sharon L & Lechter Sharon L

Author:Kiyosaki, Robert T., 1947-;Lechter, Sharon L & Lechter, Sharon L
Language: eng
Format: epub
Tags: Investments, Finance, Personal, Finance, Personal, Investments
Publisher: New York : Warner Business Books
Published: 2004-07-25T16:00:00+00:00

Chapter 8

Ask Newton

“For every action, there is an equal and opposite reaction.”

— Sir Issac Newton

“When you drop a stone in the water, a wave is generated at 90 degrees to the line of the stone dropping.”

— Dr. Buckminster Fuller

“It’s not nice to fool Mother Nature.”

— Mother Nature

Apples Always Fall from Trees

When I was in school, my teacher said, “Sir Isaac Newton discovered the law of gravity by sitting under an apple tree. When the apple hit him on the head, he realized apples always fall toward the earth. Apples never fly to the sky.” In 1996, as the stock market soared skyward, many people actually seemed to believe that Mother Nature had repealed the laws of gravity Whenever I heard someone say “This is the new economy,” they may as well have been saying “Apples don’t fall from trees anymore.”

Rich dad often said, “I do not know if history repeats itself, but I do know that generation after generation of new investors always repeat the same mistakes. Two common mistakes they always make: 1. Leave their money on the table too long. 2. When markets get hot, many get greedy and forget about the laws of nature. Both mistakes are expensive.”

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