faetal on 2/12/2016 at 23:54
Quote Posted by robthom
we voted for an everyman who has worked for a living
Ok, now I've heard everything.
SubJeff on 3/12/2016 at 22:39
It must be such hard work, inheriting millions.
So hard.
SD on 4/12/2016 at 00:15
He only went bankrupt six times, it's an unrivalled record of success.
Renzatic on 4/12/2016 at 00:23
Yeah, but he still made billions! Morality be damned! You gotta give the man props for knowing how to game a system meant to alleviate debt among the insolvent to bolster his profit margins!
Vae on 4/12/2016 at 00:40
Quote Posted by SubJeff
It must be such hard work, inheriting millions.
He turned millions into billions, due to his mastery of business.
Quote Posted by SD
He only went bankrupt six times, it's an unrivalled record of success.
First of all, he's never filed for personal bankruptcy.
He's only had 6 companies file for bankruptcy out of 515...which means 98.8% of his businesses have never filed for bankruptcy.
So yes, his record of success is quite impressive.
Renzatic on 4/12/2016 at 00:59
Quote Posted by Vae
So yes, his record of success is quite impressive.
That's assuming that every business that didn't apply for bankruptcy became a huge success.
It's pretty well acknowledged by this point that Trump has two successful businesses: his real estate company, and his hotels. Everything else was either him slapping his name on a product, hoping it'd sell, or absolute disasters, like Trump Airlines, Tour de Trump, Trump Steaks, and...god, who knows what else.
You do have to give him some credit for his business acumen. He hasn't driven himself into bankrupcy for making bad decisions after bad decisions. But all the talk of him being this super genius businessman is all bunk. He's middling, able to manage money, and isn't completely stupid. It's not a stretch to assume that if he didn't start his career with a few million in the bank, and his dad's connections, he probably wouldn't have been nearly so successful.
SD on 4/12/2016 at 01:38
Quote Posted by Vae
He's only had 6 companies file for bankruptcy out of 515...which means 98.8% of his businesses have never filed for bankruptcy.
I'll book your next vacation on an airline where 98.8% of airplanes manage to make it to their destination and only 1.2% crash, shall I.
Pyrian on 4/12/2016 at 02:11
Quote Posted by Vae
He turned millions into billions...
...less than he would have made by investing his inheritance into an index fund, and primarily by the "miracle" of owning property that went up in value.
Honestly, I'm not in the slightest bit confident that he's even made billions. He still refuses to release his tax returns, estimates of his worth do not include all his debt, he is well known for racking up enormous debts where we
do know about them, when he brags about his own net worth he includes laughable sums for the value of his own name, and when he went on a Comedy Central roast he forbid any jokes that might imply that he's not as rich as he says he is. I wouldn't be surprised if his net worth was negative; I seriously doubt his
net worth cracks 2 billion (given that his
assets barely do), so "billions" is probably inaccurate.
Starker on 4/12/2016 at 07:49
The 515 companies are not all owned by him. Some only license his brand or are otherwise very tangentially connected to him. Also, you don't have to go bankrupt to fail. In fact, that is the case with quite a few of Trumps failed enterprises (Trump Vodka, Trump Steaks, Trump Airlines, Trump University, Trump Magazine, etc).
