Trumps many, many business failings explained

Of course. If Donald Trump had been born a poor Indian man, he wouldn't be a real estate mogul. What's that prove? You guys go too far with your anti-Trump rhetoric. He's a goon who came from money who managed to make billions of dollars for a multitude of reasons, one of which is his success in real estate. Did his father give him billions of dollars?

YES! That's the point we're trying to make. Everything Trump has "accomplished" was handed to him.

People love to cite Walt Disney and Henry Ford as icons for going bankrupt and overcoming. This is political.

Forgive my ignorance but did Walt Disney and Henry ford had rich daddies bailing them out after those bankruptcies?

I love how liberals now attack people for failing along the way. The reason why of course is because they are failures who never tried to do anything. Talk to ANY succesful business person and they will say they failed at something. They'll say they failed over and over. Some will say they failed for years. But eventually the work paid off. Yet liberals are now digging shit up in the 70's about how he came up short. Like above, oh no he didn't make it hollywood 40 years ago. Who gives a shit?

If Trump had tried, failed and then picked himself back up by his own merits and succeeded in the end it would be another story.

But for most of his life, he tried, failed miserably, got bailed out so that he didn't have to suffer the consequences of his own failure and the when right back to trying and failing again.

His work didn't pay off.

I remember in highschool some kids would drive really nice vehicles to school. Most people just thought oh cool, nice car/truck. But some kids would be like "Yea too bad his daddy bought for him." That's what you call someone who is butthurt. We all know damn well if your parent bought you a nice car you'd drive it. But you're hating.

That's the wrong metaphor.

For it to be closer to Trump's situation, the kid with the nice car/truck should be bragging to all who will hear them about how awesome his car is and how much better than everybody else he is for having said car, and claiming to have bought the car with money he earned himself, even though everybody knows his daddy bought it for him.

With this logic Alexander the Great is just a piece of shit. His dad made the army, trained the army, and planned the invasion of Persia. Alexander had it handed to him. I guess one of the greatest figures in world history, looked up to til the present, is just a piece of shit according to liberal logic.

The difference is that Alexander put everything his father built to good use and succeeded. If Alexander had been like Trump, he would've taken his phalanxes, lost half of them crossing the Hellespont, gotten his ass kicked by the local satrap and then after going back to Greece with his tail between his legs conquered some bumfuck savages in Central Europe and called himself The Great.
 
I love how liberals now attack people for failing along the way. The reason why of course is because they are failures who never tried to do anything. Talk to ANY succesful business person and they will say they failed at something. They'll say they failed over and over. Some will say they failed for years. But eventually the work paid off. Yet liberals are now digging shit up in the 70's about how he came up short. Like above, oh no he didn't make it hollywood 40 years ago. Who gives a shit? Who in their right mind judges someone for not being perfect all the time? No, you judge the end result. You don't judge Bill Gates for being a drop out. You don't judge Bill Gates for being arrested when determining today how to do business with him.

I remember in highschool some kids would drive really nice vehicles to school. Most people just thought oh cool, nice car/truck. But some kids would be like "Yea too bad his daddy bought for him." That's what you call someone who is butthurt. We all know damn well if your parent bought you a nice car you'd drive it. But you're hating.

With this logic Alexander the Great is just a piece of shit. His dad made the army, trained the army, and planned the invasion of Persia. Alexander had it handed to him. I guess one of the greatest figures in world history, looked up to til the present, is just a piece of shit according to liberal logic.

The point is not the Trump has failed, the point is that he puts himself in positions that when his projects/businesses fail he still makes money and leaves other holding the bag. He makes money by using his name and as a self-promoter, not as some brilliant business man that has many successful businesses. He has one successful business, and that is himself. In the end to him it does not matter if his Airline folded, or his Casino (not own by him anymore) is going to finally fold. He made his money.
 
YES! That's the point we're trying to make. Everything Trump has "accomplished" was handed to him.

His father didn't give him billions lol.

If Trump had tried, failed and then picked himself back up by his own merits and succeeded in the end it would be another story.

Why? He had tools available to him. He took chances. He won. At the end of the day, he's a winner.

For it to be closer to Trump's situation, the kid with the nice car/truck should be bragging to all who will hear them about how awesome his car is and how much better than everybody else he is for having said car, and claiming to have bought the car with money he earned himself, even though everybody knows his daddy bought it for him.

But Trumps dad didn't do everything. He just set the stage. Trump could have just been an alcoholic failure. But he wasn't.

Read the art of the Deal.
 
Lol ok.you gotta be trolling.

Why, because the TS asked for information, and I guided him in the right direction? If you want to learn about his real estate ventures, read his book. If you wanna troll on Sherdog, don't change a thing.
 
His father didn't give him billions lol.

He gave him control of a company that owned real state that became more valuable when the market went up.

He may not have given him the billions, but he gave him stuff that came to be worth billions through no effort of his own.

Why? He had tools available to him. He took chances. He won. At the end of the day, he's a winner.

He didn't win. The lost... badly. And then left somebody else holding the bag for that failure.

You consider that winning?

But Trumps dad didn't do everything. He just set the stage. Trump could have just been an alcoholic failure. But he wasn't.

Again, you clearly didn't read the article. Fred Trump did all the work. And he kept bailing him out of his fuckups.

Read the art of the Deal.

I'm not even to touch that one.
 
His father gave him how much?

let's also bring @Thunderflash500 in on this.

From Forbes, who valuate Trump's worth at $4.5 billion, not Trump's $10 billion. (I do not know if Forbes was the location of the writer Trump tried to sue for billions because the writer dared say Trump wasn't worth ten billion.)

Moreover, from that point forward, Trump’s moneymaking came largely from sources other than politics. Essentially, he bet big on New York. This was, in fact, a rather reckless maneuver. But – as with Trump’s current poll numbers – the recklessness paid off.

Trump’s father had begun to do what they tell you to do in business school: diversify, by building a portfolio of properties across the United States. Trump, by contrast, at first built his luxury towers and hotels almost exclusively in New York. This was a big risk – the city had known some long housing slumps, including the slump when Trump started his career.

But his big bet paid off handsomely: Manhattan land values, in aggregate, increased by an estimated compound growth rate of roughly 12% per year, in inflation-adjusted terms, between 1970 and today.


Going from Trump’s inheritance of $40 million in 1975 to his estimated net worth of $4 billion today implies a fairly similar (indeed slightly lower) real rate of return. That’s no coincidence. New York’s success was Trump’s success
. (Had Trump bet big on Detroit, his life story would have been rather different.)

There were, of course, numerous side ventures, in casinos and golf courses, as Trump’s fortune grew. That said, several of these ventures (especially in casinos) led to bankruptcies, and the fact that Trump’s net worth has slightly lagged Manhattan real estate inflation – and aggregate real estate values at that – suggest that these initiatives haven’t succeeded in enhancing his wealth all that much.

Thus when Trump lectures his readers in his best-selling The Art of the Deal – “You don’t necessarily need the best location. What you need is the best deal” – he’s not entirely on the mark. The New York location, and his starting $40 million, did most of the work. Indeed, he could have bought random pieces of Manhattan real estate and made just about as much.
So what Trump did is accumulate land in New York. This is what built his fortune and Forbes suggests his other business decisions have only hurt it.

http://www.forbes.com/sites/luisakr...someone-so-crazy-become-so-rich/#4231442c1a29

Only one person on this thread even suggested it was rising property values that built his fortune. No one else had any clue, but were pretty insistant he had done great things.
 
LOL yes. This little gem of layered irony is exactly why.

Just 'cause you type "LOL", highlight words, and say irony, doesn't mean you're actually saying anything meaningful.

If he wants to learn about Trump, he should read the book.
 
let's also bring @Thunderflash500 in on this.

From Forbes, who valuate Trump's worth at $4.5 billion, not Trump's $10 billion. (I do not know if Forbes was the location of the writer Trump tried to sue for billions because the writer dared say Trump wasn't worth ten billion.)


So what Trump did is accumulate land in New York. This is what built his fortune and Forbes suggests his other business decisions have only hurt it.

http://www.forbes.com/sites/luisakr...someone-so-crazy-become-so-rich/#4231442c1a29

This is the same S&P argument that's been debunked.
 
is that Meredith's accurate last name? I thought she was married to John Baron
 
His father gave him how much?

You seem to be determined to obfuscate the matter. Nobody here is claiming that Fred Trump gave his son every cent of his fortune in cash.

Assume you have a kid and you give him water, lemons and sugar, and asked all the people in the neighborhood to come buy from his stand. And then the lemonade stand makes a profit, many times over the cost of the supplies that you provided the kid.

Can you really say that the kid succeeded?

By your logic, the fact that you didn't give the kid the money in cash means that you didn't handed it over to him.
 
My favorite park is liberals thinking having some failed businesses means you're a failure as a businessman. It makes sense since the vast majority of liberals have never created a job in their lives, so they don't realize pretty much every single successful business owner in existence has had failures prior to reaching the success they have now.

He had some failures but his successes far outweigh them. It's a testament to his tenacity and skill as a businessman that he didn't give up and he overcame adversity. It's why, despite some failures, he's a billionaire today instead of some drone making $42k at a mind-numbing desk job. Keep scraping the bottom of the barrel to criticize him, guys, it doesn't look desperate at all.


I'd have successful businesses too if my daddy got me revolving loans with Chase without signature and tax abatements with NYC...
 
It does not debunk what the Forbes article is saying, at all. For one the video is talking about investing in the stock market and not NY city real state.

It very much applies as he quoted: "Going from Trump’s inheritance of $40 million in 1975 to his estimated net worth of $4 billion today implies a fairly similar (indeed slightly lower) real rate of return."
 
Let me try it for fun.

LOL. Reason to believe, what great irony! Oh man, that's gold.

Am I doing it right?

Wow. 'Lol' won't even do that justice. Don't worry, you're doing you juuuuust fine.

And thank you for showing me political discussions can be hilarious in the same way as youtube videos with adorably dumb kittens.
 

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