Trump's business record is a good foreshadowing for his presidency

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Trump's business record is a good foreshadowing for his presidency

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Ronald

I know you are be facetious, but I have to jump.
I had a Trump Steak. It was horrible.
Back in the day my uncle would buy everyone Omaha Steaks for the holidays and one year he bought Trump steaks.
We all received apologies from him, too.
I am not even sure that meat was beef. It was bad. The cut was uneven, the meat didn't have the right color or smell, it was dry and tasted...i can't describe it. The texture was similar to meat, but the flavor was not right.
I wouldn't be surprised if it was horse meat or donkey meat.
Don't get me started on Trump Vodka. It was basically gasoline with medicinal notes.
But this also provides insight into Trumps approach to business and politics: over sell, under perform, and jump ship.

I wish I could have bought some of Trumps steaks.
Nothing makes me hungrier than a fat man in a hair piece pitching steak you purchase over the phone connecting to a call center in Bangledesh.
Or some Trump Vodka...a very poorly rated vodka at a premium price in a gaudy bottle from a guy that doesn't drink.

2 months ago # QUOTE 2 YEA 2 NAY !
Alexis

He didn't create companies.
His dad created one company that he inherited.
Trump slaps his name on other people's wares and send them to the poor house.
He has also stolen wages from thousands of people.
And last but not least: Trump killed 40millipn jobs and a hundred thousand Americans!
All he had to do was be a real president, but no...he chose to believe the virus was a hoax...then he chose to pitch fake cures...then chose to withhold aid to the states...then chose to spread more misinformation. He even tried changing the name to blame China.
China is not to blame for Trump's refusal to take this seriously. That is all him.

Little Wang, your bias is showing. How many yuan you getting paid per day?

2 months ago # QUOTE 1 YEA 1 NAY !
Alexis

https://www.forbes.com/profile/donald-trump/#10da874c47bd
Note: Forbes has often accused Trump of overstating his personal wealth and routinely assigns several reporters to assess his current finances. Their estimate this week is Trump is worth $2.1 billion, ranking as the 1001st wealthiest person in the world.
If that's business failure, one wonders what OP would consider success. John Kerry, probably, who had the business acumen to marry into the Heinz fortune. Or Hunter Biden, well known for his profitable deals involving Chinese companies that only occasionally stole US technology with military applications.
You have to consider the baseline. Trump inherited more than $400 million (from memory; you can look up the exact number). If he had invested that in an index fund, he’d be richer today. In other words, he’s failed to even match the market, much less make money.
Yeah, instead he created companies, created tens of thousands of jobs and provided goods and services. What a selfish guy!
Your estimate of long-term index funds is way off. Even the very best (top 20) equity funds only manage between 12.6-14.8% over the time horizon in question (40 years).

Oh what an economics scholar! You don’t actually know what an index fund is, do you? The S&P 500 has grown 1,336% since 1988. Do you need me to do the arithmetic for you?

Amazing. You're so financially illiterate you don't understand the concept of average annual returns, do you?

Take a finance course or three, then we'll talk.

2 months ago # QUOTE 1 YEA 1 NAY !
Lucinde

I just love that there are people who are forced to defend a complete fraud. We're talking about Trump, the fakest betch on the planet. The guy who fakes: having hair, having orange skin, being thin, having money, and being an expert on viruses. Lolz, just lolz!

2 months ago # QUOTE 3 YEA 2 NAY !
Pamila

https://www.forbes.com/profile/donald-trump/#10da874c47bd
Note: Forbes has often accused Trump of overstating his personal wealth and routinely assigns several reporters to assess his current finances. Their estimate this week is Trump is worth $2.1 billion, ranking as the 1001st wealthiest person in the world.
If that's business failure, one wonders what OP would consider success. John Kerry, probably, who had the business acumen to marry into the Heinz fortune. Or Hunter Biden, well known for his profitable deals involving Chinese companies that only occasionally stole US technology with military applications.
You have to consider the baseline. Trump inherited more than $400 million (from memory; you can look up the exact number). If he had invested that in an index fund, he’d be richer today. In other words, he’s failed to even match the market, much less make money.
Yeah, instead he created companies, created tens of thousands of jobs and provided goods and services. What a selfish guy!
Your estimate of long-term index funds is way off. Even the very best (top 20) equity funds only manage between 12.6-14.8% over the time horizon in question (40 years).
Oh what an economics scholar! You don’t actually know what an index fund is, do you? The S&P 500 has grown 1,336% since 1988. Do you need me to do the arithmetic for you?
Amazing. You're so financially illiterate you don't understand the concept of average annual returns, do you?
Take a finance course or three, then we'll talk.

Heh, it's funny to see magabois pretend like they know something. Read it and weep, sadsack: https://fortune.com/2015/08/20/donald-trump-index-funds/

2 months ago # QUOTE 2 YEA 2 NAY !
Alexis

https://www.forbes.com/profile/donald-trump/#10da874c47bd
Note: Forbes has often accused Trump of overstating his personal wealth and routinely assigns several reporters to assess his current finances. Their estimate this week is Trump is worth $2.1 billion, ranking as the 1001st wealthiest person in the world.
If that's business failure, one wonders what OP would consider success. John Kerry, probably, who had the business acumen to marry into the Heinz fortune. Or Hunter Biden, well known for his profitable deals involving Chinese companies that only occasionally stole US technology with military applications.
You have to consider the baseline. Trump inherited more than $400 million (from memory; you can look up the exact number). If he had invested that in an index fund, he’d be richer today. In other words, he’s failed to even match the market, much less make money.
Yeah, instead he created companies, created tens of thousands of jobs and provided goods and services. What a selfish guy!
Your estimate of long-term index funds is way off. Even the very best (top 20) equity funds only manage between 12.6-14.8% over the time horizon in question (40 years).
Oh what an economics scholar! You don’t actually know what an index fund is, do you? The S&P 500 has grown 1,336% since 1988. Do you need me to do the arithmetic for you?
Amazing. You're so financially illiterate you don't understand the concept of average annual returns, do you?
Take a finance course or three, then we'll talk.

Heh, it's funny to see magabois pretend like they know something. Read it and weep, sadsack: https://fortune.com/2015/08/20/donald-trump-index-funds/

Except Trump would have been operating with less seed capital and further back in time, not since 1987 - and it says nothing about his resulting tax bite.

Long-term equity funds outperform index funds, and the BEST 20 only managed a rate of 12.6-14.8% average annual rate of return over the 40-year time horizon that is actually in question.

2 months ago # QUOTE 1 YEA 1 NAY !
Pamila

https://www.forbes.com/profile/donald-trump/#10da874c47bd
Note: Forbes has often accused Trump of overstating his personal wealth and routinely assigns several reporters to assess his current finances. Their estimate this week is Trump is worth $2.1 billion, ranking as the 1001st wealthiest person in the world.
If that's business failure, one wonders what OP would consider success. John Kerry, probably, who had the business acumen to marry into the Heinz fortune. Or Hunter Biden, well known for his profitable deals involving Chinese companies that only occasionally stole US technology with military applications.
You have to consider the baseline. Trump inherited more than $400 million (from memory; you can look up the exact number). If he had invested that in an index fund, he’d be richer today. In other words, he’s failed to even match the market, much less make money.
Yeah, instead he created companies, created tens of thousands of jobs and provided goods and services. What a selfish guy!
Your estimate of long-term index funds is way off. Even the very best (top 20) equity funds only manage between 12.6-14.8% over the time horizon in question (40 years).
Oh what an economics scholar! You don’t actually know what an index fund is, do you? The S&P 500 has grown 1,336% since 1988. Do you need me to do the arithmetic for you?
Amazing. You're so financially illiterate you don't understand the concept of average annual returns, do you?
Take a finance course or three, then we'll talk.
Heh, it's funny to see magabois pretend like they know something. Read it and weep, sadsack: https://fortune.com/2015/08/20/donald-trump-index-funds/

Except Trump would have been operating with less seed capital and further back in time, not since 1987 - and it says nothing about his resulting tax bite.
Long-term equity funds outperform index funds, and the BEST 20 only managed a rate of 12.6-14.8% average annual rate of return over the 40-year time horizon that is actually in question.

Huh? Less "seed capital" than what? Further back in time means you make more money. And Trump's inheritance was mostly tax-free, due to fraud. You're a fog of words that say nothing meaningful or honest--exactly like your orange makeup hero.

2 months ago # QUOTE 1 YEA 2 NAY !
Alexis

^ Than he had in 1987. I thought it was obvious.

Further back in time only means you make more money if every period of time has an equal rate of return. The reality is they don't. Some periods of time clearly convey a higher rate of return than others.

For example, consider the period 1918-1928. What would your average rate of return be on a hypothetical stock market index? Now consider the period 1918-1933. What would your average rate of return be? How would it compare with the one from 1918-1928?

Trump and his siblings inherited when his father died, in 1999. An NYT article describes the inheritance (divided among the inheritors) as being at least $20 million - a far cry from the current Forbes and Bloomberg estimates of his net worth.

https://www.nytimes.com/2016/01/03/us/politics/for-donald-trump-lessons-from-a-brothers-suffering.html

You clearly have no conception of what you're talking about.

2 months ago # QUOTE 2 YEA 1 NAY !
Pelosi

Fact is we have no idea because Trump has illegally dedied subpoenas of his financial records.
We have no idea how indebted he is to Russian banks.

^ Than he had in 1987. I thought it was obvious.
Further back in time only means you make more money if every period of time has an equal rate of return. The reality is they don't. Some periods of time clearly convey a higher rate of return than others.
For example, consider the period 1918-1928. What would your average rate of return be on a hypothetical stock market index? Now consider the period 1918-1933. What would your average rate of return be? How would it compare with the one from 1918-1928?
Trump and his siblings inherited when his father died, in 1999. An NYT article describes the inheritance (divided among the inheritors) as being at least $20 million - a far cry from the current Forbes and Bloomberg estimates of his net worth.
https://www.nytimes.com/2016/01/03/us/politics/for-donald-trump-lessons-from-a-brothers-suffering.html
You clearly have no conception of what you're talking about.

2 months ago # QUOTE 1 YEA 2 NAY !
Alexis

Pelosi, you're drunk and incoherent again!

2 months ago # QUOTE 0 YEA 1 NAY !
Pamila

^ Than he had in 1987. I thought it was obvious.
Further back in time only means you make more money if every period of time has an equal rate of return. The reality is they don't. Some periods of time clearly convey a higher rate of return than others.
For example, consider the period 1918-1928. What would your average rate of return be on a hypothetical stock market index? Now consider the period 1918-1933. What would your average rate of return be? How would it compare with the one from 1918-1928?
Trump and his siblings inherited when his father died, in 1999. An NYT article describes the inheritance (divided among the inheritors) as being at least $20 million - a far cry from the current Forbes and Bloomberg estimates of his net worth.
https://www.nytimes.com/2016/01/03/us/politics/for-donald-trump-lessons-from-a-brothers-suffering.html
You clearly have no conception of what you're talking about.

I gave you a link to the analysis by professionals. You have nothing cogent to say in response. Trump inherited over $400 million from his father tax-free, and has failed to grow it at a pace commensurate with average market growth. This is a fact.

2 months ago # QUOTE 1 YEA 1 NAY !
Pamila

Trump and his siblings inherited when his father died, in 1999. An NYT article describes the inheritance (divided among the inheritors) as being at least $20 million - a far cry from the current Forbes and Bloomberg estimates of his net worth.
https://www.nytimes.com/2016/01/03/us/politics/for-donald-trump-lessons-from-a-brothers-suffering.html
You clearly have no conception of what you're talking about.

Says the f0/0l who doesn't know the first thing about Trump's inheritance and is citing an article two decades out of date. Read this and educate yourself:

https://www.nytimes.com/2018/10/02/us/politics/donald-trump-wealth-fred-trump.html

2 months ago # QUOTE 2 YEA 1 NAY !
Alexis

^ The article was from 2016, you m 0 r 0 n. There's even a date in the link.

https://www.nytimes.com/2016/01/03/us/politics/for-donald-trump-lessons-from-a-brothers-suffering.html

2 months ago # QUOTE 1 YEA 0 NAY !
Pamila

And yet you were still two decades out of date. Educate yourself!

2 months ago # QUOTE 0 YEA 2 NAY !
Alexis

And yet you were still two decades out of date. Educate yourself!

What's that dateline say? Jan. 2, 2016

It takes real stvpidity to lie in the face of the obvious evidence, and yet you continue to do it.

2 months ago # QUOTE 0 YEA 0 NAY !
Pamila

And yet you were still two decades out of date. Educate yourself!

What's that dateline say? Jan. 2, 2016
It takes real stvpidity to lie in the face of the obvious evidence, and yet you continue to do it.

Let me spell it out for you at the sub-80 IQ level psr magabois seem to operate at: The 2016 article you cite uses an estimate of Trump's inheritance that is two decades out of date and very inaccurate. New data shows that he inherited over $400 million from his father, tax-free.

2 months ago # QUOTE 2 YEA 1 NAY !
Alexis

And yet you were still two decades out of date. Educate yourself!
What's that dateline say? Jan. 2, 2016
It takes real stvpidity to lie in the face of the obvious evidence, and yet you continue to do it.

Let me spell it out for you at the sub-80 IQ level psr magabois seem to operate at: The 2016 article you cite uses an estimate of Trump's inheritance that is two decades out of date and very inaccurate. New data shows that he inherited over $400 million from his father, tax-free.

The estimate was current as of the time of publication of the article, in 2016.

"New speculation," you mean, and highly unlikely. If it were a known fact the IRS and state of NY would have come to collect long ago.

2 months ago # QUOTE 0 YEA 2 NAY !
Pamila

Let me spell it out for you at the sub-80 IQ level psr magabois seem to operate at: The 2016 article you cite uses an estimate of Trump's inheritance that is two decades out of date and very inaccurate. New data shows that he inherited over $400 million from his father, tax-free.

The estimate was current as of the time of publication of the article, in 2016.
"New speculation," you mean, and highly unlikely. If it were a known fact the IRS and state of NY would have come to collect long ago.

You didn't even read the 2018 stories, did you? They're not at all speculative--they're based on an analysis of Trump family financial records provided by a Trump relative. And the statute of limitations on Trump's tax fraud has long since passed.

2 months ago # QUOTE 2 YEA 1 NAY !
Ambre

Oh. That's cute. You think profit and revenue are the same. Makes sense that you would think your fuhrer is a great businessman.

The Trump Organization owns or manages seventeen golf courses in the United States, Scotland, Ireland, and the United Arab Emirates. As of 2015, Trump listed income of at least $176 million in an 18-month span from his golf courses—about 41% of the low-end estimate of his income.
Trump Golf Links at Ferry Point, Bronx, New York (management only)
Trump International Golf Club, West Palm Beach, Florida
Trump National Doral Miami: An 800-acre (320 ha) resort with five golf courses, 700 hotel rooms, a spa, meeting spaces, and retail outlets. Trump bought the property out of bankruptcy in 2012 for $150 million, and has spent over $250 million on renovations. Its value has been estimated at over $1 billion, and there was a $125 million mortgage on the property as of 2013.
Trump National Golf Club, Bedminster, New Jersey
Trump National Golf Club, Charlotte, North Carolina
Trump National Golf Club, Colts Neck, New Jersey
Trump National Golf Club, Hudson Valley, New York
Trump National Golf Club, Jupiter, Florida
Trump National Golf Club, Los Angeles
Trump National Golf Club, Philadelphia
Trump National Golf Club, Washington, D.C.
Trump National Golf Club, Westchester, New York

2 months ago # QUOTE 1 YEA 1 NAY !
Pamila

Oh. That's cute. You think profit and revenue are the same. Makes sense that you would think your fuhrer is a great businessman.

The other problem is that Trump is notorious for lying about both his income and revenue.

2 months ago # QUOTE 2 YEA 0 NAY !

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Trump's business record is a good foreshadowing for his presidency

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