Posted on 02/09/2024 9:46:00 PM PST by 7thson
His net worth is in the billions. How bad a businessman can he be? And he got it by building things, not through politics.
No, he isn’t a bad businessman. He’s a bad husband, but a great businessman.
He is a badly flawed human and a bad husband but a good businessman.
What politician isn't?
I don’t remember where I read the long article, but it basically says this:
His father Fred was a tough businessman good at business, but he was a “slumlord” and that was not prestigious.
He wanted to up the image so he made Donald the face of upscale business, but just the face ... Fred Trump still ran everything.
After his father died Donald Trump made a series of business decisions that didn’t work out and was near bankrupt. There is a video where he points to a homeless guy in NYC and says that guy is richer than me.
Becoming a TV star saved him and he made a lot of money from The Apprentice.
Not to mention, a great President
He’s had his ups and downs. I think he’s a sloppy businessman and as president we see he’s a horrible judge of character. His personal life is bad and costing him time and again. Politically he lacks discipline, patience, and ability to negotiate, leaving his changes fleeting at best, often DOA. His legacy was shortlived as his EOs and successes were overturned and reversed immediately upon leaving the White House.
He is a badly flawed human
—What politician isn’t?
——-
What human isn’t?
Back in the 80’s he was the quintessential rich businessman.
So is he a good businessman? Yes.
Trump’s 6 bankruptcies were all corporate and all appear to be strategic-fairly common in the real estate game. Knowing when to fold ‘em is also evidence of being a good business man.
Lets change the subject from Biden’s senility...
True
He multiplied a $400 million inheritance into a $5 billion (approximate) personal net wealth. I don’t think that’s bad at all.
Those who deride him claim that he could have done better if he just invested his money. I always ask these financial geniuses where I should put my net wealth for the next years, but they never seem to answer.
Agreed. Trump had 5 to 7 bankruptcies from what I can figure. The number varies from story to story, but this number is in your range. He invested in, what, 500 real estate deals? And 6 come back as needing bankruptcies? When 50 % of new startups in the US fail, I like the odds of investing with Trump. And of the bankruptcies, how many of them were saddled with so much debt, that it was near impossible to salvage those businesses.
I’d say he’s the best President since Ronald Reagan.
I would walk through hoops of fire and over broken glass to vote for him.
Contrary to some other recent posts Trump like every other leveraged real estate mogul was a beneficiary of the emergency zero percent interest rates that lasted for ten years.
Everyone is a good businessman when the market is going up.
Exactly.
Trump’s real estate mistakes was not sticking with what he knew, which was residential and commercial. For the casinos, he swung for the fences, which is not always wise.
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