2016 Election

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#4,501
#4,501
hog88 said:
Much of that return would have went into the pockets of the fund managers. Not to mention he nor anyone else can ensure that their money would have went to job creation investments. Look at Bain Capitol and what Romney took so much heat for, some of his money could have went to those type of investments.
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Yeah, some of his money, not all of it. Just like he had wins and losses playing with his money, the market will experience wins and losses playing with his money. But the wins outweigh the losses, which is why he would have made more.
 
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#4,504
#4,504
n_huffhines said:
Yeah, some of his money, not all of it. Just like he had wins and losses playing with his money, the market will experience wins and losses playing with his money. But the wins outweigh the losses, which is why he would have made more.
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I'm not saying he wouldn't have made more. I don't get the criticism some are leveling for not going this route.
 
#4,506
#4,506
hog88 said:
And he could have put it in a fund and ****ed off the rest of his life. Would you respect him more if he went that route?
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He could've also put it in a fund and still worked. Let's not pretend as if he only had two options. And we aren't debating "respect" nor work ethic. We are debating his abilities as a business man.
 
#4,507
#4,507
n_huffhines said:
His money would have created more wealth/jobs elsewhere. That's why someone is willing to pay him a higher return if he invested. He makes less than the fund does with his money. They make more than the fund does with his money. How do they do this? By buying real estate, manufacturing things, inventing new pharmaceuticals, etc.
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We still come to the simple fact he did make enough money to swim in and did employ a lot of people doing it. Maybe he could have diversified over the long run and maybe he could have gone to eleven figures. But the fact is he has done pretty well with what he has and no one can argue he's squandered away his family fortune as many probably have in the past.
 
#4,508
#4,508
Vol8188 said:
He could've also put it in a fund and still worked. Let's not pretend as if he only had two options. And we aren't debating "respect" nor work ethic. We are debating his abilities as a business man.
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He could have, yes. Again why the criticism?
 
#4,511
#4,511
Grand Vol said:
We still come to the simple fact he did make enough money to swim in and did employ a lot of people doing it. Maybe he could have diversified over the long run and maybe he could have gone to eleven figures. But the fact is he has done pretty well with what he has and no one can argue he's squandered away his family fortune as many probably have in the past.
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One thing 8188 and Huff fail to consider is taxes. Investing his entire inheritance might not have been the best tax strategy at the time.
 
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#4,512
#4,512
hog88 said:
I'm not saying he wouldn't have made more. I don't get the criticism some are leveling for not going this route.
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Criticism? People are heaping magnificent praise on him saying look how well he managed his money. All we're saying is he didn't do that well with it. He didn't lose it. That's pretty decent. But he didn't beat the market.
 
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#4,515
#4,515
n_huffhines said:
Criticism? People are heaping magnificent praise on him saying look how well he managed his money. All we're saying is he didn't do that well with it. He didn't lose it. That's pretty decent. But he didn't beat the market.
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Depends on the market you are speaking of.

I'd say he's done pretty dang well in the real estate market.
 
#4,516
#4,516
n_huffhines said:
Criticism? People are heaping magnificent praise on him saying look how well he managed his money. All we're saying is he didn't do that well with it. He didn't lose it. That's pretty decent. But he didn't beat the market.
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Well then, everyone should be judged by this standard. I wonder how many jobs would be created if that was the benchmark for all investment?
 
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#4,517
#4,517
Vol8188 said:
The criticism is simply that he's not as great of a businessman as he's championed to be.
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Always easy to speculate about others wealth until you earn your first million, or 10, or 50. Then come back and tell me how easy it was to give it to someone to manage. There is no feeling like it. You'll quickly learn the meaning of protection, not growth, as most important.

Easy to opine until you live it. No one is saying he is Jack Welch, but, what he has done is beyond admirable and extremely hard to do. Further, anyone who has had extreme success will tell you that luck rides the equation more than anyone can imagine. Being lucky is important, sometimes even more so than being a genius.
 
#4,520
#4,520
hog88 said:
Well then, everyone should be judged by this standard. I wonder how many jobs would be created if that was the benchmark for all investment?
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How many jobs has Rand Paul created?

I mean, if we're going to start comparing candidates here, might as well toss them all into the mix.
 
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#4,522
#4,522
tennvols77 said:
Always easy to speculate about others wealth until you earn your first million, or 10, or 50. Then come back and tell me how easy it was to give it to someone to manage. There is no feeling like it. You'll quickly learn the meaning of protection, not growth, as most important.

Easy to opine until you live it. No one is saying he is Jack Welch, but, what he has done is beyond admirable and extremely hard to do. Further, anyone who has had extreme success will tell you that luck rides the equation more than anyone can imagine. Being lucky is important, sometimes even more so than being a genius.
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I'd rather be lucky than good any day.
 
#4,523
#4,523
tennvols77 said:
Always easy to speculate about others wealth until you earn your first million, or 10, or 50. Then come back and tell me how easy it was to give it to someone to manage. There is no feeling like it. You'll quickly learn the meaning of protection, not growth, as most important.

Easy to opine until you live it. No one is saying he is Jack Welch, but, what he has done is beyond admirable and extremely hard to do. Further, anyone who has had extreme success will tell you that luck rides the equation more than anyone can imagine. Being lucky is important, sometimes even more so than being a genius.
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He didn't earn his first million. And an index fund is one of the best ways to "protect" your wealth. Next to an inflation note from the treasury.
 
#4,524
#4,524
hog88 said:
Well then, everyone should be judged by this standard. I wonder how many jobs would be created if that was the benchmark for all investment?
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Not understanding? Are you saying there are more jobs with less growth?
 
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