Anchor ads are not supported on this page.

4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs

Financial freedom, anyone?

New Anthony Robbins book makes best-seller lists, however...

Anthony Robbins
Anthony Robbins

Anthony (Tony) Robbins, who bills himself as a life and success coach and self-help author, is out with his first book in more than twenty years: Money: Master the Game — 7 Simple Steps to Financial Freedom. It is vaulting to high levels on some best-seller lists.

Robbins Research International, founded in 1983, is still based in San Diego but Robbins bought a $24.75 million Palm Beach home in 2013 and reportedly spent $8 million to $10 million refurbishing it. He now calls Florida his home — possibly for tax reasons. He is said to be worth around $500 million.

Sponsored
Sponsored

The book gets positive reviews from those who who like simple self-help books, but those who follow markets closely cock an eyebrow at it.

For example, Cullen Roche of marketwatch.com concedes a lot of the book is helpful, but "the self-help guru contradicts himself and confuses readers." Roche points out that Robbins demonizes high fees but recommends working with firms "that will outsource you to high-fee firms. This is a contradiction that is difficult to reconcile." Robbins puts "many high-fee hedge fund managers on a pedestal."

Moreover, Robbins raves about great market calls he has made "without mentioning that he has made some horrible stock market calls," says Roche. Robbins sings the praises of a "never-before revealed" bond strategy that has actually been around for a long time.

Roche recalls that in 2012, Robbins made a video in which he warned that the United States was on the verge of a fiscal crisis because of the national debt. The crisis didn't come.

"Unfortunately, this is the problem with someone who is an expert in something (life strategies, in this case) who suddenly tries to conquer a huge topic like money. You have a tendency to oversimplify and misunderstand macroeconomic concepts."

The latest copy of the Reader

Here's something you might be interested in.
Submit a free classified
or view all
Previous article

Yellowtail show off La Jolla, Big tuna south

Spiny lobster doing well
Anthony Robbins
Anthony Robbins

Anthony (Tony) Robbins, who bills himself as a life and success coach and self-help author, is out with his first book in more than twenty years: Money: Master the Game — 7 Simple Steps to Financial Freedom. It is vaulting to high levels on some best-seller lists.

Robbins Research International, founded in 1983, is still based in San Diego but Robbins bought a $24.75 million Palm Beach home in 2013 and reportedly spent $8 million to $10 million refurbishing it. He now calls Florida his home — possibly for tax reasons. He is said to be worth around $500 million.

Sponsored
Sponsored

The book gets positive reviews from those who who like simple self-help books, but those who follow markets closely cock an eyebrow at it.

For example, Cullen Roche of marketwatch.com concedes a lot of the book is helpful, but "the self-help guru contradicts himself and confuses readers." Roche points out that Robbins demonizes high fees but recommends working with firms "that will outsource you to high-fee firms. This is a contradiction that is difficult to reconcile." Robbins puts "many high-fee hedge fund managers on a pedestal."

Moreover, Robbins raves about great market calls he has made "without mentioning that he has made some horrible stock market calls," says Roche. Robbins sings the praises of a "never-before revealed" bond strategy that has actually been around for a long time.

Roche recalls that in 2012, Robbins made a video in which he warned that the United States was on the verge of a fiscal crisis because of the national debt. The crisis didn't come.

"Unfortunately, this is the problem with someone who is an expert in something (life strategies, in this case) who suddenly tries to conquer a huge topic like money. You have a tendency to oversimplify and misunderstand macroeconomic concepts."

Comments
Sponsored

The latest copy of the Reader

Here's something you might be interested in.
Submit a free classified
or view all
Previous article

San Diego Fix it Clinic, Gaslamp Holiday Pet Parade

Events December 14-December 18, 2024
Next Article

"Christmas Berry" is decorating our landscape, Longest meteor shower of the year

Full "cold moon," extremely high tides
Comments
Ask a Hipster — Advice you didn't know you needed Big Screen — Movie commentary Blurt — Music's inside track Booze News — San Diego spirits Classical Music — Immortal beauty Classifieds — Free and easy Cover Stories — Front-page features Drinks All Around — Bartenders' drink recipes Excerpts — Literary and spiritual excerpts Feast! — Food & drink reviews Feature Stories — Local news & stories Fishing Report — What’s getting hooked from ship and shore From the Archives — Spotlight on the past Golden Dreams — Talk of the town The Gonzo Report — Making the musical scene, or at least reporting from it Letters — Our inbox Movies@Home — Local movie buffs share favorites Movie Reviews — Our critics' picks and pans Musician Interviews — Up close with local artists Neighborhood News from Stringers — Hyperlocal news News Ticker — News & politics Obermeyer — San Diego politics illustrated Outdoors — Weekly changes in flora and fauna Overheard in San Diego — Eavesdropping illustrated Poetry — The old and the new Reader Travel — Travel section built by travelers Reading — The hunt for intellectuals Roam-O-Rama — SoCal's best hiking/biking trails San Diego Beer — Inside San Diego suds SD on the QT — Almost factual news Sheep and Goats — Places of worship Special Issues — The best of Street Style — San Diego streets have style Surf Diego — Real stories from those braving the waves Theater — On stage in San Diego this week Tin Fork — Silver spoon alternative Under the Radar — Matt Potter's undercover work Unforgettable — Long-ago San Diego Unreal Estate — San Diego's priciest pads Your Week — Daily event picks
4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
Close

Anchor ads are not supported on this page.

This Week’s Reader This Week’s Reader