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> This guy does not have a history of bumbling around. He seems to be quite an effective man of action. http://www.npr.org/2016/10/04/496596466/how-donald-trum
by acqq 10y ago
> This guy does not have a history of bumbling around. He seems to be quite an effective man of action.
http://www.npr.org/2016/10/04/496596466/how-donald-trump-lost-916-million http://www.npr.org/2016/10/04/496596466/how-donald-trump-los...
"How Donald Trump Lost $916 Million"
- adventured 10y agoYou could write that story about a lot of billionaires that have been involved in numerous businesses. From T Boone Pickens to Jeff Bezos to Warren Buffett (he has lost very large sums of money on numerous occasions with poor investment decisions). Paul Allen lost $15-$20 billion across dozens of poor business decisions spanning decades. That doesn't mean he's an idiot or ineffectual. He also still has $20 billion. Trump lost $916 million? He has ~$4 billion. So that just makes him more effective than 99.999% of all business people on earth, right?
- acqq 10y agoHis success: getting banks to invest so much on him that they did all they can to keep him afloat. Borrowing so much to become "Too big to fail." Successfull as a con man can be. Giving the money of his father to an index fund would result in the same or more wealth today. But he got to be so "visible" this way... up to becoming a president for being a known TV face.