Tony Robbins is out promoting his new book, MONEY Master the Game: 7 Simple Steps to Financial Freedom. Based on who he interviews, I plan on giving it a read over the next holiday break.
However, I was a little disappointed in this WSJ video interview with Tony Robbins, dated WSJ 11/19/2014 6:03PM. Within the 60 seconds, Robbins says “I never told people to take money out of the market, that’s totally not true.”
Robbins does two things in this interview that surprise and disappoint: First, he ignores the criticism of his advice in 2010 — not 2009, but 2010 — deftly turning away from criticism about 2010. (No one brought up 2009, I never saw that video and don’t know if this is merely Hindsight bias or something else).
Worse, the discussion as to why the All Weather portfolio (55% bonds, 30% stocks, 15% commodities of which half is gold) is such a backwards looking, form fitted, sample set bias disaster never comes up. (I will address that in greater detail in the future).
However, I find this exchange disturbing. But rather than me making the argument, I suggest the following: Watch the 7 minute WSJ video below, than see Robbins own 25 minute video from 2010. Make your own decision based on what you see and hear.
Tony Robbins Responds to Critics
Source: Tony Robbins
Tony Robbins: “An Important Note of Caution”
Source: Tony Robbins
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