Current Events > Did you think Donald Trump was a good businessman?

(+) Yeah! (+)

I never really followed his real estate career, but apparently he was bankrupt at least once....
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didn't he bankrupt a casino
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He's bankrupted every business he's ever touched. So no.
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Absolutely. He was and still is the best businessman in our country's history.
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He's good at promoting himself and his brand.

As for actually running a business (not to mention the entire fuckin' country), hell no.
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No.
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Absolutely not. He's bankrupted many of his businesses, mostly recently for just shy of $1b while also fucking over contractors.

He first got money from daddy then from Russian oligarchs, and has had good lawyers to manipulate tax laws. He's a godamn moron.

I don't think he's quite Kim Kardashian tier.
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He bankrupted casinos. Do you have any idea how hard it is to NOT make money from a casino?
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MagnusX posted...

Absolutely not. He's bankrupted many of his businesses, mostly recently for just shy of $1b while also fucking over contractors.

He first got money from daddy then from Russian oligarchs, and has had good lawyers to manipulate tax laws. He's a godamn moron.

XD, people still believing this shit. XFnD
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He turned a million into billions, something most people couldn't do. People are also too young to remember or seem to forget that at one point, before reality TV, he was looked upon as one of the top businessmen in the world.
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voldothegr8 posted...

He turned a million into billions, something most people couldn't do. People are also too young to remember or seem to forget that at one point, before reality TV, he was looked upon as one of the top businessmen in the world.

No he wasn't
He was considered a joke among real businessmen and he played up being a celebrity
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voldothegr8 posted...

He turned a million into billions, something most people couldn't do. People are also too young to remember or seem to forget that at one point, before reality TV, he was looked upon as one of the top businessmen in the world.

It's pretty easy to glaze over that when the average age of a CEman is 14.

Yeah he's been pretty successful overall with his brand and his tactics.

Warren Buffett had some investments fall into bankruptcy does that mean he's unsuccessful also?
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Trump turned a million into billions.
2/3 of lotto winners file bankruptcy within 7 years.
But sure, Trump is an idiot that can't run a business.
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MagnusX posted...

Absolutely not. He's bankrupted many of his businesses, mostly recently for just shy of $1b while also fucking over contractors.

He first got money from daddy then from Russian oligarchs, and has had good lawyers to manipulate tax laws. He's a godamn moron.

This

He's either grossly incompetent or a scumbag shyster
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Ehhhh... depends on the context. Youve got guys who built a successful business off of an incredible idea, like Bill Gates. Youve got guys who are really good at organizing a business and turning it into a well oiled machine. And then you have Trump, whos really good at promoting his brand. The latter is more of a long game strategy.
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DiScOrD tHe LuNaTiC posted...

He bankrupted casinos. Do you have any idea how hard it is to NOT make money from a casino?

This is an utterly fucking stupid statement. If this is true why don't you own a casino?
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I can't believe people still buy the "small" 1 million dollar loan turned into billions bullshit.

Fred Trump was worth hundreds of millions and had to save his dipshit son on multiple occasions.
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byron posted...

SK8T3R215 posted...

Warren Buffett had some investments fall into bankruptcy does that mean he's unsuccessful also?

Which investments?

Energy Future Holdings debt he bought $2 billion of and they went bankrupt after the leveraged buyout and he lost about $800 million on it.

Waumbec Textile Co failed a few years after purchase in 1975.

Dexter Shoe Co he purchased with stock now valued at over $5 billion for the purchase price in 1993 of $433 million. It stopped making shoes in 2001 and was folded into another company they owned.

If you have hundreds of investments some will fail. He's had a lot of successes but anyone who makes hundreds or thousands of investments will have some fail.
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EnragedSlith posted...

Ehhhh... depends on the context. Youve got guys who built a successful business off of an incredible idea, like Bill Gates. Youve got guys who are really good at organizing a business and turning it into a well oiled machine. And then you have Trump, whos really good at promoting his brand. The latter is more of a long game strategy.

You do know bill gates....you know nvm.
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Since Trump refuses to release his tax returns we have no idea how much he's actually worth

Many pundits speculate that he's not nearly as rich as he likes people to think

He's very likely up to his eyes in debt which is why he ran for prez to bolster his brand, which was floundering
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Trump didn't outperform basic investing in the profit department.

Lol@him and his supposed business savviness.
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EnragedSlith posted...

Ehhhh... depends on the context. Youve got guys who built a successful business off of an incredible idea, like Bill Gates.

You should read up about how Gates got to where he did. Hint: it wasn't because of his software.
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Just wanted to throw out there that it really doesn't take a genius to earn money in real estate, at all. It's specialized knowledge that has to be learned, true, but it's mostly very simple at the end of the day and by no stretch of the imagination do you have to be all that smart to learn it well. Especially when you've got connections through your father to successful people that can guide you and teach you the ins and outs of the business. And also especially when you've got enough family wealth to save your ass if you screw up.
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Twin3Turbo posted...

Just wanted to throw out there that it really doesn't take a genius to earn money in real estate, at all. It's specialized knowledge that has to be learned, true, but it's mostly very simple at the end of the day and by no stretch of the imagination do you have to be all that smart to learn it well.

If this was the case everyone would be a fucking realtor.
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HylianFox posted...

He's good at promoting himself and his brand.

As for actually running a business (not to mention the entire fuckin' country), hell no.

This. He's a great marketer. That's all.
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voldothegr8 posted...

Twin3Turbo posted...

Just wanted to throw out there that it really doesn't take a genius to earn money in real estate, at all. It's specialized knowledge that has to be learned, true, but it's mostly very simple at the end of the day and by no stretch of the imagination do you have to be all that smart to learn it well.

If this was the case everyone would be a fucking realtor.

If your dad was a real estate tycoon worth 300 million not accounting for inflation you would probably be a real estate tycoon as well.
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Howl posted...

If this is true why don't you own a casino?

voldothegr8 posted...

If this was the case everyone would be a fucking realtor.

Everyone could also be a doctor, or a lawyer, or a stock trader, or anything else that makes a ton of money

And yet, not everyone is. Why is that, hmmm?
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voldothegr8 posted...

Twin3Turbo posted...

Just wanted to throw out there that it really doesn't take a genius to earn money in real estate, at all. It's specialized knowledge that has to be learned, true, but it's mostly very simple at the end of the day and by no stretch of the imagination do you have to be all that smart to learn it well.

If this was the case everyone would be a fucking realtor.

Not everyone wants to deal with people looking at 40 houses and not liking any of them because of one small tiny thing they could change because they'll own the damn place.
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littlebro07 posted...

Not everyone wants to deal with people looking at 40 houses and not liking any of them because of one small tiny thing they could change because they'll own the damn place.

So what you're saying is it isn't easy?

voldothegr8 posted...

Twin3Turbo posted...

Just wanted to throw out there that it really doesn't take a genius to earn money in real estate, at all. It's specialized knowledge that has to be learned, true, but it's mostly very simple at the end of the day and by no stretch of the imagination do you have to be all that smart to learn it well.

If this was the case everyone would be a fucking realtor.

Being a realtor is actually not the most profitable way to make money in real estate for one.

For two, I will admit that it requires some hustle, which most people don't have, and delayed gratification, which most people are too impatient for, but the point I'm making is that you don't need to be smart. This is coming from someone that is in the real estate business for myself and know plenty of successful people in it that by no stretch of the imagination are geniuses. They obtained specialized knowledge and applied it. I've done the same thing.
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Fahren posted...

littlebro07 posted...

Not everyone wants to deal with people looking at 40 houses and not liking any of them because of one small tiny thing they could change because they'll own the damn place.

So what you're saying is it isn't easy?

It's easier if you inherit billions from your father first.
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Fahren posted...

littlebro07 posted...

Not everyone wants to deal with people looking at 40 houses and not liking any of them because of one small tiny thing they could change because they'll own the damn place.

So what you're saying is it isn't easy?

For the record I never said it was easy, I said it doesn't take a genius.
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