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Key Takeaways
- Position size changes portfolio-level gains and losses.
- Deep losses require disproportionate recoveries.
- Liquidity determines whether holdings can remain invested.
- One successful investment cannot validate a strategy.
Why Kiyosaki says his Bitcoin purchase worked
Robert Kiyosaki says he paid $400 for one Bitcoin in 2016, a personal account that cannot be independently verified from the information in his post. The Rich Dad Poor Dad author says the position remains profitable despite the market’s subsequent declines.
In a recent Facebook post, he argued that entering with a manageable amount helped him keep the position rather than sell when Bitcoin fell.
“I never put money in that I’d miss.”
On Kiyosaki’s account, three factors produced the result: he bought before Bitcoin’s largest advances, retained the position through severa...
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