Latest Coronavirus - Yikes

#31,654
#31,654
utvolpj said:
of course not but that's the power being given to them by useless party politics. It's what other voters want i guess

could have easily been done through sitting on stock market returns. But hey, he didn't blow hundreds of millions and was on TV.

I think we're seeing what kind of leader he truly is now. At least I hope some are seeing it
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I'm not going to deny Trump has made mistakes, but I have serious doubts anyone sitting in that office, regardless of political affiliation, would have done much better. This country hasn't had a good "leader" in some time, but we've made do with what we've had.
 
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#31,656
#31,656
05_never_again said:
When you consider the fact that he started with $413m, he actually isn't a great investor. Passively investing that money in the stock market (I know he wasn't given $413m in cash that he could have immediately put all in the market, but the principle still holds) since the early 80s would have yielded him much more than his current net worth, which supposedly is something like $3 billion. He's made 7-8x his money in about 40 years. The S&P is up almost 22x since 1980.

He certainly knows a hell of a lot more about business and the real world that other politicians, but his own track record on real estate investing is very mixed - he's had some stuff do really well and some stuff fail rather spectacularly, particularly his big miscalculation with his Atlantic City casinos.
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He did some things very well. Developing real estate to sell is how he made his mark. Developing real estate to manage did not do well. Makes sense because he is a promoter. He is not a manager.
 
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#31,658
#31,658
Weezer said:
How would you describe Pelosi's leadership when urging people to come out to Chinatown in mid-February? Also incompetence?
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When I say Trump, you say Pelosi. TRUMP! PELOSI! TRUMP! PELOSI!

It's funny that the most common refrain when confronted with Trump's failings is to hear some complaint about <insert democrat here>.
 
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#31,661
#31,661
McDad said:
radical reforms are always needed. In good times we need them because others are "left behind". In bad times we need them because the poorest are the hardest hit. It's good to know the one-trick ponies of American politics are able to do their trick no matter what.
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FT is a rather centrist publication from my understanding, and we could expect others to follow. This is very concerning as this egalitarianism is nothing but whitewashed authoritarianism and the end of capitalistic incentive.
 
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#31,662
#31,662
McDad said:
He did some things very well. Developing real estate to sell is how he made his mark. Developing real estate to manage did not do well. Makes sense because he is a promoter. He is not a manager.
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Very true. He's much better at developing to sell and coming up with his "brand," which he can collect royalties off of or roll into its own thing (e.g., The Apprentice).
 
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#31,664
#31,664
05_never_again said:
When you consider the fact that he started with $413m, he actually isn't a great investor. Passively investing that money in the stock market (I know he wasn't given $413m in cash that he could have immediately put all in the market, but the principle still holds) since the early 80s would have yielded him much more than his current net worth, which supposedly is something like $3 billion. He's made 7-8x his money in about 40 years. The S&P is up almost 22x since 1980.

He certainly knows a hell of a lot more about business and the real world that other politicians, but his own track record on real estate investing is very mixed - he's had some stuff do really well and some stuff fail rather spectacularly, particularly his big miscalculation with his Atlantic City casinos.
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So he took his inheritance and did something with it. And he grew it from millions to billions. He's survived his mistakes, and didn't blow his inheritance like many people have. Didn't rest on his laurels and simply let interest accrue, he did something. Even though he may be an ass, that, to me, is respectable.
 
#31,666
#31,666
Weezer said:
Do you want any President making life and death decisions for you? I don't.

And I've heard plenty of stories of people blowing their inheritance, so I'm not sure saying more would go up than down is accurate.

What I do know is Trump inherited $413 million, took it, did his own thing, made his own decisions, and now he's a billionaire. And President to boot. Not too shabby. He's pompous and arrogant, but that doesn't take away from the fact he succeeded. And that's despite the many past failures people bring up to attack him. He found ways to survive and thrive. JMO, but that deserves some kind of respect.
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The book I saw on How To Get Rich begins:

First you get a hundred million dollars.
 
#31,668
#31,668
Weezer said:
So he took his inheritance and did something with it. And he grew it from millions to billions. He's survived his mistakes, and didn't blow his inheritance like many people have. Didn't rest on his laurels and simply let interest accrue, he did something. Even though he may be an ass, that, to me, is respectable.
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It might be respectable, but it doesn't make him some incredible investor, which is what he tells everybody he is. He could have grown his millions to many more billions by simply passively investing it in the stock market with no effort.

If his biggest claim to fame is "didn't totally blow a $400m inheritance," I'm not overly impressed.
 
#31,669
#31,669
This is a funny place....

I make one comment about wishing I could be an idiot and become a billionaire, and we have people flipping like a gymnast to appease their hatred for Trump. Lulz.
 
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#31,670
#31,670
hog88 said:
No to minimal employees, no equipment, it's the dream.
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I see the hand wringing here about how much Trump's properties are making off taxpayers on his golfing trips. I wonder how many (if any) he actually owns and how many he licensed his name? He no more owns everything "Trump" than George Lucas owned my Star Wars lunch box.
 
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#31,671
#31,671
Ashevolle said:
When I say Trump, you say Pelosi. TRUMP! PELOSI! TRUMP! PELOSI!

It's funny that the most common refrain when confronted with Trump's failings is to hear some complaint about <insert democrat here>.
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So it's not fair to compare the parties and how they handle situations? Only one-sided arguments are acceptable? What's funny is people tend to want to attack one side, then get offended when their side is brought up, even though both sides have screwed up.
 
#31,672
#31,672
Ashevolle said:
When I say Trump, you say Pelosi. TRUMP! PELOSI! TRUMP! PELOSI!

It's funny that the most common refrain when confronted with Trump's failings is to hear some complaint about <insert democrat here>.
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It’s equally just as funny to watch someone screech Trump , when ignoring democratic leaders words and actions .
 
#31,673
#31,673
Hunerwadel said:
The book I saw on How To Get Rich begins:

First you get a hundred million dollars.
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A lot of people would rest on that. Trump built on it. Again, he may be an ass, but what he did with what he got is respectable. That doesn't make him a good person, just a good businessman.
 
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#31,674
#31,674
evillawyer said:
You're going to see this all over. This virus will disproportionately hit black and Latino communities.

In Chicago, 70% of COVID-19 Deaths Are Black | WBEZ
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Ummm...Latino and black communities comprise nearly 50% of Chicago’s population and a significant percentage of them live in the close quarter housing that is prevalent in the area.

So unless you’re out in the burbs with a detached home and some kind of yard space, everyone in the Chicago area will be more at risk due to proximity.
 
#31,675
#31,675
05_never_again said:
It might be respectable, but it doesn't make him some incredible investor, which is what he tells everybody he is. He could have grown his millions to many more billions by simply passively investing it in the stock market with no effort.

If his biggest claim to fame is "didn't totally blow a $400m inheritance," I'm not overly impressed.
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So he took a different path than simply investing, yet still turned millions into billions. Maybe you're hard to impress?
 
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