[jbuss]

I found "Rich Dad, Poor Dad" to be horrible. He said he built a lot of wealth by camping outside bankruptcy lawyers' offices and buying the houses from people filing for bankruptcy for super cheap. Then he'd turn around and sell them for full value. He seems like a total charlatan.

[ikeboy]

What's wrong with that? Like most arbitragers, he provided liquidity. It sounds like he helped people.

Are people who go to liquidation auctions bad?

[jbuss]

The behavior itself is in a moral gray zone. I wouldn't feel good about myself at the end of the day if I made money preying on people going bankrupt. Morality aside, it is bad advice because it isn't feasible to do that in today's world, and it isn't a valid career track. To me it sounds like he's selling a get-rich-quick real estate scheme in an infomercial.