May 10, 2023
The Dangers of Private Equity: A Federal Prosecutor's Perspective
Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a BusinessAbout this episode
In this podcast episode, Robert Kiyosaki chats with Brendan Ballau, a federal prosecutor and author of the book "Plunder: Private Equity's Plan to Pillage America." They discuss the negative impact of private equity firms on the economy and society, including short-term thinking, layoffs, and bankruptcies. They also highlight the lack of concern for employees and the environment by these firms, as well as the government's role in supporting them. The hosts encourage listeners to read Greely's book and become educated on the issue, while also emphasizing the importance of entrepreneurship and investing over relying on a 401k or pension. ----- Please read carefully. This is not financial advice. You may be asking, "what does that mean?" Let me explain… Do not just do what I, my team or my guest says. That would be stupid and irresponsible. Take the education, then use your own brain and make your own decisions. YOU must take responsibility for your future and your success. That is why you are here. Neither I, or my team, or my guests, know your risk levels, prior education, emotional maturity or how much money you can afford to lose. We are only telling you what we believe to be smart moves. But you must decide for yourself. There are NEVER guarantees. Also understand that we are REAL teachers. We practice what we preach. With that in mind we often invest in the very projects that may be mentioned on this show. While it is never our intent, we could possibly profit from others investing in our recommendations. Take the education we provide but then determine your own actions. If it does not make sense to you, get more education before you invest. We will continue to provide education and there will always be more opportunities. ----- "net returns" refers to the annualized internal rate of return net of all fees and costs, calculated from the offering closing date to the sale date. IRR may not be indicative of Masterworks paintings not yet sold and past performance is not indicative of future results. See important Reg A disclosures: Masterworks.com/cd Masterworks' offerings are filed with the SEC, view all past and current offerings here or at SEC.gov.