Michael Covel: News & Info.

A nice, straightforward comment from the ‘Rich Dad’ guy Robert Kiyosaki that caught my eye:

So there’s different financial advice for different people, and the price of poor advice is that millions will be poor if they follow advice that isn’t aimed at them. To become rich, I recommend investing in your financial education. There’s a difference between that and financial advice. A solid financial education allows you to know the difference between good advice and bad advice, rich advisers and poor advisers. If you want to become rich — and remain that way — it’s important to know what financial advice is best for you.

Tom Friedman’s editorial on energy is good food for thought. If you have not read either the ‘Lexus and the Olive Tree’ or ‘The World is Flat’ (his books), do so immediately. In many ways his books are primary reasons I am in Asia filming.

We filmed at Tokyo’s Tsukiji Fish Market yesterday. I am not sure there is any greater example of a market than Tsukiji. When in Tokyo it is a must.

Short trip to Singapore finished. I am now in Tokyo for quick film shoot. Details to follow (along with more regular posts) soon.

I interviewed Jim Rogers today in Singapore for my film. Details to come, but it was amazing to see his 5 year-old blue-eyed daughter speak Mandarin Chinese.

Whenever the big bank takes an inept big risk and then loses big there always seems to be one guy to blame. My guess? More than just an assistant was involved.

What causes a traffic jam? The answer is you. The parallels between traffic jams and market bubbles and or trends struck me as yet another way to look at the role human behavior plays in day to day events.

From CNN/Money:

Consumers may be ticked off about the rise in oil prices. But the pain at the pump is a little less severe for those who’ve invested in surging energy stocks. Crude is over $130 a barrel. Gas prices are slouching towards $4 a gallon. Consumers are feeling pinched. But investors who were wise enough to realize earlier this year that the energy stock boom was far from over have more money (on paper at least) to afford those higher prices at the pump.

How do you get the general public to think about investing outside of common stocks when US mutual fund companies, along with a US government, tout no other legitimate options for investors? Sure, there might lip service to other investment opportunities, but most Americans are bread and butter mutual funds and that is it.

I can’t say I am the world traveler, but I have been to a few places. Singapore’s airport? Wow. Gorgeous inside and cleaner than most private homes. If all airports were like theirs everyone would travel a whole bunch more.

Just landed in Singapore. First time for me. What a haul. 20 hrs in the air over two flights. News about interview here coming soon.