Page 169 - Why We Want You To Be Rich - Donald Trump, Robert Kiyosaki.pdf
P. 169
PART THREE
DEFINING MOMENTS:
GOING BEYOND WINNING AND LOSING
The formula:
Leverage
Control
Creativity
Expansion
Predictability
This step-by-step process. is one of the basic formulas for
attaining great wealth. If you have studied the stories of great
entrepreneurs or investors, you will probably find a similar pattern
or process. Even Warren Buffett uses a similar thought process
when deciding which companvhe wi!.1 or will not buy. In Mr.
Buffett's case, instead of creativity, the word analysis should be
put in its place. Warren Buffett's genius is in analyzing businesses
and being able to seethe currentand future value of the business,
which is why when he buys a business, he rarely sells it. Donald
Trump is very creative. He can see a golden skyscraper where
others will only see a piece of vacant land or a run-down old
building.
Today, many investors buy an asset only to sell it. They want
to buy low and sell high. They invest for capital gains. In the stock
market, this type of investor is known asa trader. In real estate,
When a person buys to sell, he or she is known as a flipper.
Two MEN • ONE MESSAGE
