Kiyosaki, Bogle and Crony Capitalism

by Dual Income No Kids on February 6, 2007 · 0 comments

I don’t think very much of personal finance gurus. In fact, I’m skeptical about most of them. Well, much to my surprise, Robert Kiyosaki had a great piece in his column this morning. The article discussed John Bogle’s new book The Battle for the Soul of Capitalism. After reading Bogle’s book, Kiosaki’s argues that most mutual fund companies are actually ripping investors off by charging high fees designed to enrich fund managers not shareholders. Finally, Kiyosaki argued that mutual funds required greater governance to ensure that shareholders don’t keep getting the shaft.

I’ve been critical of Kiyosaki in the past, but this time I can’t agree with him more. Given everything that’s been going on with the SEC options scandal, corporate responsibility seems to be at a low point.

If you own mutual funds, you should probably give the article a look see.

Best,

James

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