Victor Omega
Member
Was not expecting to see Dave of all people speak about gaming, let alone Nintendo.
If your not familiar with his content:
If your not familiar with his content:
-
Hey, guest user. Hope you're enjoying NeoGAF! Have you considered registering for an account? Come join us and add your take to the daily discourse.
Dave Ramsey: How Nintendo Avoided Massive Layoffs [VIDEO]
- Thread starter Victor Omega
- Start date
Not to completely derail this but the first thing I heard about him was from this video
Yeah, I'm going to be sticking to the 4% rule because I don't want to end up eating cat food in retirement
DownLikeBCPowder
Member
Lol Dave Ramsey.. I'll listen to hear his angle later unless someone wants to provide bullet points.
Wastelander92
Member
Because Japan has literal laws against it.
havoc00
Member
clarky
Gold Member
Threads are complete bullshit 99% of the time, mostly from unknown fan boys on the aforementioned sites. If you like to read and comment on drivel of the highest order, knock yourself out.
Last edited:
DeltaPolarBear
Member
Also because Japan has a labour shortage. They didn't overexpand because there isn't enough candidates. So now there is no need to fire anyone.
Alexios
Cores, shaders and BIOS oh my!
Another thread for desperate trolls to equate some localization/marketing/testing/office contractors not getting renewals as others go full time to firing thousands like Microsoft/Blizzard or hundreds like Riot/Sony and gutting/closing whole studios for the CEOs' failures, nice, it's only been days 
Last edited:
WhiteWaterM00se
Member
So, I have an advanced degree in finance, and spent 12 years of my life advising people on small business income. I have read Ramsey’s Books.
The Nintendo thing, he is telling the story of Iwata. Taking the pay cut After the Wii U launch and they knew 3ds and Wii U were in trouble compared to DS/Wii era.
As for Ramsey’s advice. If you can not afford or have access to a financial manager, Ramsey’s books offer some good insight For basic.
To some Up Dave Ramsey theory in A few sentences. “If you are able to purchase a home, it is your single greatest expense in your life and your biggest investment. Due to the crippling interest that is a mortgage, put every single extra penny into the mortgage to pay it down as quickly as possible. Live below your means, and extreme Budget until your home is paid off. Then allow Yourself buy nicer things, vacations, nicer cars, etc. Also you must always have an emergency fund.”
That is Dave Ramsey in a nutshell. He is not wrong. Most people do not have the debt free education, disposable income to invest, or other revenue streams. Paying your home first is a good idea in theory. Again, as some of you have said, it works and it doesn’t. He made $10’s of millions on these books and his podcast network and books is worth somewhere around $500 million last I checked. BUT…he made and lost his money several times in real estate speculation, long before the books. He is a self made guy, but initially, somewhere, somehow, someone gave him the income to get into real estate speculation. So, not completely self made. Things to keep in mind. Both sides of the coin as it were.
The Nintendo thing, he is telling the story of Iwata. Taking the pay cut After the Wii U launch and they knew 3ds and Wii U were in trouble compared to DS/Wii era.
As for Ramsey’s advice. If you can not afford or have access to a financial manager, Ramsey’s books offer some good insight For basic.
To some Up Dave Ramsey theory in A few sentences. “If you are able to purchase a home, it is your single greatest expense in your life and your biggest investment. Due to the crippling interest that is a mortgage, put every single extra penny into the mortgage to pay it down as quickly as possible. Live below your means, and extreme Budget until your home is paid off. Then allow Yourself buy nicer things, vacations, nicer cars, etc. Also you must always have an emergency fund.”
That is Dave Ramsey in a nutshell. He is not wrong. Most people do not have the debt free education, disposable income to invest, or other revenue streams. Paying your home first is a good idea in theory. Again, as some of you have said, it works and it doesn’t. He made $10’s of millions on these books and his podcast network and books is worth somewhere around $500 million last I checked. BUT…he made and lost his money several times in real estate speculation, long before the books. He is a self made guy, but initially, somewhere, somehow, someone gave him the income to get into real estate speculation. So, not completely self made. Things to keep in mind. Both sides of the coin as it were.
The advanced degree certainly didn't include basic grammar or spelling.
fart town usa
Gold Member
Yea, I'm surprised to see some of the negative comments towards Dave Ramsey. Just seems like a guy who wants to help people avoid crippling debt.
Japanese companies rarely do layoffs tho. From what I understand, you join a company young, and you're pretty much there for life. For the most part anyway, I think they do actual layoffs in a weird roundabout way. Nintendo don't own much Western companies either. Regardless tho, Iwata was about that life, he did start off as an employee and programmer, not just management roles.
Also, did he just say the 'Fauci pandemics'? Hmm...He does make a good point about corporate greed though. These 'record profits'->layoffs->round of new hires, does seem a bit counter-productive to me. Though I'm sure if you crunch the numbers, in the short term it probably works out well for the individual companies.
Also, did he just say the 'Fauci pandemics'? Hmm...He does make a good point about corporate greed though. These 'record profits'->layoffs->round of new hires, does seem a bit counter-productive to me. Though I'm sure if you crunch the numbers, in the short term it probably works out well for the individual companies.
Last edited:
Hudo
Member
Son of Gordon Ramsay.
Yamisan
Member
You must be young af.
tmlDan
Member
or idgaf about public speakers, specifically financial advice speakers.
ByWatterson
Member
Since it's Dave Ramsey, my guess is "no debt" and "cash-rich."
Because that's literally all he ever talks about.
Because that's literally all he ever talks about.
RagnarokIV
Member
It ain’t Gordon or Bella, so this is one Ramzee variation I’ll pass on.
WhiteWaterM00se
Member
Absolutely did not. I used to have a secretary for that. English wasn’t my thing. In fact, most people in my field were in something called Business-English instead of basic english, and other classes, once was called Financial Literacy.
Long story short. I am good at getting my point across, but proper grammar is not my strong suit.
Last edited:
IAmRei
Member
Im glad i already have house, herritage from my wife's parent. But still the prices up yo 5 times from the time we bought this house.
Unfortunately if you follow his advice on how much you can pull out of your portfolio for retirement (8%) you'll be back in crippling debt.
Shifty1897
Member
He's right though.
From eating mushrooms.
Tbh, I don't think there's a specific reason for that other than both ms and Sony marketing built on pushing new boundaries and discovering the unknown, well, in this mean time in this recent situation that's a lot risky cause let's be honest about the last 3 years, anyone wouldn't pick more than 5 games as their favorite games in the last 3 years, that tells people relatively speaking are more interested in older games.
Valedix
Member
I remember Dave randomly appearing in my shorts and I just kept watching, gives great financial advice.
Robb
Gold Member
diffusionx
Gold Member
I've said it before, I think Nintendo was in a somewhat unique situation, where they came out with a bad product but the talent was still there and they had a good plan for the future. Iwata was smart enough to recognize that and plow through. It doesn't apply to every company, and lots of companies bloated to a ridiculous level. But his core point - that the people are really the only thing a company is, and if you get rid of the talent to pump the stock price, you're just going to be a crappy company - is very true.
Yonyx
Banned
Microsoft has billions in profit and zero debt.
THE DUCK
voted poster of the decade by bots
Not in the gaming division.
Valedix
Member
was this meant to be funny?
Robb
Gold Member
I’d say only if you have “dad humor”.