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Subject: Another Trump Venture Goes Tits-Up rss

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Istanbul
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At least this guy is consistent with his success... he doesn't have any.

http://www.politico.com/magazine/story/2016/11/trump-tower-g...

 
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Andy Beaton
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I work a couple of blocks from that tower. There have been a few times where the intersection has been closed because pieces are threatening to fall off the shoddily-constructed building.
 
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J.D. Hall
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I'm no Trump fan, but the man knows how to make money. He doesn't push paper around like the scum on Wall Street, but he's still rich.
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Mac Mcleod
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remorseless1 wrote:
I'm no Trump fan, but the man knows how to make money. He doesn't push paper around like the scum on Wall Street, but he's still rich.


We don't know if he's rich.

He could have a negative net worth for all we know.

All we know is he has the ability to push paper around so it looks like he's rich.

He still hasn't released his fucking tax returns.

He acts like he's poor very often scrabbling after nickles and dimes.
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G Rowls
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Id be a lot richer if I didnt have to pay tax for 18 years,
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Istanbul
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remorseless1 wrote:
I'm no Trump fan, but the man knows how to make money. He doesn't push paper around like the scum on Wall Street, but he's still rich.


Wow.... really?!
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Chris Binkowski
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maxo-texas wrote:
remorseless1 wrote:
I'm no Trump fan, but the man knows how to make money. He doesn't push paper around like the scum on Wall Street, but he's still rich.


We don't know if he's rich.

He could have a negative net worth for all we know.

All we know is he has the ability to push paper around so it looks like he's rich.

He still hasn't released his fucking tax returns.

He acts like he's poor very often scrabbling after nickles and dimes.


He also has the ability to fly around in his own private airliner.

Must have borrowed it from someone I guess...

http://www.politico.com/story/2015/07/donald-trump-financial...

Oh man! Forbes has him pegged at only $4billion in net worth.. what a punk!
 
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Adam Alleman
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According to everything I've read, he would have done better financially if he had invested in mutual funds instead of any of his business ventures. Doesn't sound like a good business man to me. Not counting all the people who have said he stiffed them on various deals or work they did for him, which also seems like a bad trait in a business person.
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Mac Mcleod
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Sarxis wrote:
maxo-texas wrote:
remorseless1 wrote:
I'm no Trump fan, but the man knows how to make money. He doesn't push paper around like the scum on Wall Street, but he's still rich.


We don't know if he's rich.

He could have a negative net worth for all we know.

All we know is he has the ability to push paper around so it looks like he's rich.

He still hasn't released his fucking tax returns.

He acts like he's poor very often scrabbling after nickles and dimes.


He also has the ability to fly around in his own private airliner.

Must have borrowed it from someone I guess...

http://www.politico.com/story/2015/07/donald-trump-financial...

Oh man! Forbes has him pegged at only $4billion in net worth.. what a punk!


Mark Cuban commented on that. His opinion is that trump's wealth is illiquid and highly leveraged. I.e. It's all property which is mostly mortgaged to the hilt and income on the property is servicing the payments. If his sales go down (and there are strong signs that they have so they are going to try to rebrand as "scion" to escape the "trump" name), Trump could be rapidly bankrupted (again) by debt service.

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Istanbul
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Sarxis wrote:
maxo-texas wrote:
remorseless1 wrote:
I'm no Trump fan, but the man knows how to make money. He doesn't push paper around like the scum on Wall Street, but he's still rich.


We don't know if he's rich.

He could have a negative net worth for all we know.

All we know is he has the ability to push paper around so it looks like he's rich.

He still hasn't released his fucking tax returns.

He acts like he's poor very often scrabbling after nickles and dimes.


He also has the ability to fly around in his own private airliner.

Must have borrowed it from someone I guess...

http://www.politico.com/story/2015/07/donald-trump-financial...

Oh man! Forbes has him pegged at only $4billion in net worth.. what a punk!


I can understand, you not being wealthy, rich, or even well-off, that you don't really understand the difference between those states. Trump's numbers are most likely leveraged to the hilt, which means if he needed to liquidate, he most likely would have a lot less or near zero, than you think he would. That is his business model. It always has been. His multiple bankruptcies indicate his "wealth" is merely just on paper.

Of course, he is your business hero, because you don't know shit about business, money, or anything related to it.

 
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