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Once again I will repeat words of Warren Baffeta: itWhen managers wish to give you a full picture of a state of affairs in the company, they do it by means of the book keeping data. Unfortunately, when they wish you to make a fool, at least, in some branches of business do it too by means of the book keeping data. If you cannot distinguish a difference, you have nothing to do in business of securitiesit.

The essence of council of Warren Baffeta consists that the person should think critically, instead of is cynical. He wishes to tell that if you not in a status to distinguish marshiness you are easy for cheating.

Millions it is crowded believe that their pension plans of category DC are actives. But on the other hand the same pension plans can be considered as passives. The rich daddy always underlined that to be the tempted investor, the person should see the matter from both parties. If you are not able it, how speaks Warren to Baffet, ityou have nothing to do in business of securitiesit.

Actives are passives

Other vital lesson to which the rich daddy learnt the son and me, consists that any actives can become passives. He spoke: itAny actives can potentially become passives during an instant of an eye. That is why you should be cautious, when buy an active, are and more more cautious, after it have boughtit.

From the technical point of view, till March, 2000 millions people have really bought actives, but after March 2000 same so-called actives have quickly turned to passives. This, sudden transition from confidence that at them on a pension abacus one actives, to a reality showing that they have bought passives, forces so much millions people to feel uncertainty in the provision of pensions today.

Today people wish to know that such the present active and the present passive. If it is fair, all actives simultaneously are passives. That is why, if you wish to construct a rich ark should follow Alan Grinspena's advice, the Minister of Finance Floor it'it and the rich daddy, namely to become financially competent. This necessary condition for building of a rich ark as, without owning the financial reading and writing, you can spend many years for loading of your ark by gold of fools instead of loading its present gold.

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