Trump's Second and Third year in office
Quote: AZDuffmanFeel free to prove it by taking a few thousand and make yourself a millionaire.
Because of swings, I don't think a few thousand is near as meaningful as starting with millions.
Kind of like going into a casino game underfunded for the bets you will be making and hoping you won't have a big downswing right off.
Not saying it hasn't been done, but I don't believe it's really comparable.
Could someone post that Jesus Wept meme again, please?
Bolton will get us all killed.
China trade war started with Trump announcement tonight of tariffs on $50B of goods has the Dow down more than 700.
Jesus Wept again.
Every stupid move like these makes me surer Trump has serious stuff he's hiding about his business with Russia. Who cares about golden showers. It's going to be about hundreds of millions in money laundering.
Quote: TomGYou're claiming that the entire campaign is built around a straw man fallacy
As are most campaigns. Perception
is 90% of anything. Reality doesn't
matter.
Quote: beachbumbabsNSA HR McMaster is out, replaced by John Bolton...Bolton will get us all killed.
No no no, that's Trump who will do
that, remember? Good that McMaster
is gone, he was a poor choice to
start with.
Quote: EvenBobReality doesn't matter.
You've now joined AZDuffman on the liberal side of political ideology.
Quote: beachbumbabs
China trade war started with Trump announcement tonight of tariffs on $50B of goods has the Dow down more than 700.
I am 100% certain Trump has been trying to get himself fired from day one.
Quote: EvenBobDo you know how many try and
take lottery winnings and parlay
them into big money? Most of
them. How many succeed? Almost
none of them.
Of course it is hard. When you have a few million to start and people know this you will get picked clean if you do not know what you are doing. If you do not use the right contractor all of the sudden you get union problems. You want this but the city council will not approve it. Minority coalitions start to demonstrate because you do not have enough blacks on the job, but they will find some for you-----for a fee.
How many projects in Vegas got stopped in their tracks? Flamingo needed bailed out by the mafia. Stardust took how many years? Stardust replacement taking how long?
People think it is as easy as having their kitchen remodeled.
10'S of millions of people are millionaires, there are only few thousand billionaires. I think it would be significantly harder to turn millions into billions than thousands into millions. There is only so much money to be made in each industry.Quote: rxwineBecause of swings, I don't think a few thousand is near as meaningful as starting with millions.
Kind of like going into a casino game underfunded for the bets you will be making and hoping you won't have a big downswing right off.
Not saying it hasn't been done, but I don't believe it's really comparable.
Quote: AxelWolf10'S of millions of people are millionaires, there are only few thousand billionaires. I think it would be significantly harder to turn millions into billions than thousands into millions. There is only so much money to be made in each industry.
Mark Cuban said how much harder it is to turn millions to billions. He said you have to make the right move at the right time. Cuban did it at the dawn of the internet. Trump did it by jumping into the right real estate during good times. I'd agree here, if it is so much easier there would be way more billionaires.
Quote: AxelWolf10'S of millions of people are millionaires, there are only few thousand billionaires. I think it would be significantly harder to turn millions into billions than thousands into millions. There is only so much money to be made in each industry.
I don't think you can convince Warren Buffet that you need to stay in one industry. Learn everything you can about 2500 companies is his advice.
But anyway, why does the number of the billionaires indicate the number of people who actually want to go onto be billionaires?
Not everyone who owns a couple homes, a fleet of cars, wants a mansion on every continent and 50 cars. Some do, but where's the real motivation? You're not starving any longer, which is a motivator. You're not scrambling for loose change. etc.
Quote: EvenBobDo you know how many try and
take lottery winnings and parlay
them into big money? Most of
them. How many succeed? Almost
none of them.
I think most of the ones who do invest are only trying to parlay them into a comfortable retirement, not turn them into billions.
So, irrelevant, your answer is.
Quote: rxwineSo, irrelevant, your answer is.
Nope. Not at all irrelevant because
you act like what Trump did was the
easiest thing in the world because
he started with a few million.
I knew a lottery winner in the 90's
who won 5 mil and tried to turn
it into 50 mil and lost everything
to the point where they went to his house
and impounded all his vehicles.
A HS friend sold his sports drink
business for 4 mil and tried to
build 3 other businesses with it
and they all failed. And he knew
what he was doing.
Special people make themselves
billionaires, it's never an accident
and never a fluke.
Quote: EvenBobDo you know how many try and
take lottery winnings and parlay
them into big money? Most of
them. How many succeed? Almost
none of them.
Yes it's very difficult for legit people to do
Criminals like Trump succeed thru money laundering and bankruptcy fraud and defrauding people
Bad boys bad boys better watch out they coming for you bad boys bad boys
I thought Buffet said keep diversification to a minimum?Quote: rxwineI don't think you can convince Warren Buffet that you need to stay in one industry. Learn everything you can about 2500 companies is his advice.
https://archive.fo/a8Nxh "Buffett says that diversification is for people who don't know much about investing. "
He may have 2500 companies but they have a somewhat similar theme, imo. When I was reading about him he said, have just a few stocks and know them very well.
Another one bites the dust:
H.R. McMaster fired
https://www.aol.com/article/news/2018/03/22/trump-ousts-mcmaster-taps-super-hawk-bolton-as-national-security-adviser/23393041/
Quote: petroglyphI thought Buffet said keep diversification to a minimum?
https://archive.fo/a8Nxh "Buffett says that diversification is for people who don't know much about investing. "
He may have 2500 companies but they have a somewhat similar theme, imo. When I was reading about him he said, have just a few stocks and know them very well.
HIs advice wasn't about buying 2500 companies, but to know as much as you can about them to know your market.
It’s like saying I can make $10/hour playing FPDW with a $20k BR, therefore I should be able to make $1,000/hr playing FPDW with a $2M BR. That’s.......that’s not how it works..... /laffs
Quote: RSIt’s actually kinda sad how people think turning a few million dollars into billions of dollars is in any way “easy”.
Not sad so much as ignorance of how the
real world works. Every billionaire has one
thing in common, they are all risk takers.
They are willing to risk it all over and over
to increase their wealth. Most people are
not built that way, it's not natural. We want
to save and protect and covet. Not risk.
Trump is a natural born risk taker, he feeds
on it. His own father thought he was nuts
to take on Manhattan real estate. But Trump
took the risk and it paid off in spades eventually.
Quote: RSIt’s actually kinda sad how people think turning a few million dollars into billions of dollars is in any way “easy”.
No one said that, except you.
Quote: rxwineNo one said that
Really? Everytime this comes up, some Leftie
says, sure Trump's a billionaire, he had a few
million for a head start. Like it's a simple
job turning a few mil into a few bil..
Quote: RSIt’s actually kinda sad how people think turning a few million dollars into billions of dollars is in any way “easy”. There’s only a limited amount of wealth in the world and resources aren’t infinite. I haven’t turned a few million into billions (yet).
It’s like saying I can make $10/hour playing FPDW with a $20k BR, therefore I should be able to make $1,000/hr playing FPDW with a $2M BR. That’s.......that’s not how it works..... /laffs
I don't know anyone who thinks that.
However, many have remarked that it's much easier to do when you start with, say, 14 million, vs . zero.
You gotta stop taking EBs and AZs hypotheticals and exaggerations when claiming to speak for all liberals as, well, having any credibility whatsoever. They don't speak for anyone outside the FoxRushBartJones bubble, where they like to create mythical enemies and then slay them . Fear and loathing for their fellow citizen, those bubble-soaked "patriots", in a nation built on immigration.
Edit: LOL. See above for perfect examples.
Quote: EvenBobReally? Everytime this comes up, some Leftie
says, sure Trump's a billionaire, he had a few
million for a head start. Like it's a simple
job turning a few mil into a few bil..
How much harder is it to start without millions? Let me know when you figure it out.
Quote: rxwineHow much harder is it to start without millions? Let me know when you figure it out.
It’s millions of times harder
Quote: EvenBobNot sad so much as ignorance of how the
real world works. Every billionaire has one
thing in common, they are all risk takers.
They are willing to risk it all over and over
to increase their wealth. Most people are
not built that way, it's not natural. We want
to save and protect and covet. Not risk.
Trump is a natural born risk taker, he feeds
on it. His own father thought he was nuts
to take on Manhattan real estate. But Trump
took the risk and it paid off in spades eventually.
Of course it does if you're into money laundering and fraudulent activities and non-payment of debts
Lock him up!
CRAGA!
Commie Republicans Against Greater America
Easy, peasy: outlaw Wal-Mart.
Nothing like putting country first.
Quote: billryanTrump fired his National Security Advisor just to distract from tonight's interview with one of his former mistresses.
Nothing like putting country first.
What show, which mistress?
Quote: beachbumbabsWhat show, which mistress?
https://www.cnn.com/2018/03/22/politics/trump-affair-karen-mcdougal-cnntv/index.html
Quote: rxwineNo one said that, except you.
Quote: beachbumbabsI don't know anyone who thinks that.
However, many have remarked that it's much easier to do when you start with, say, 14 million, vs . zero.
You gotta stop taking EBs and AZs hypotheticals and exaggerations when claiming to speak for all liberals as, well, having any credibility whatsoever. They don't speak for anyone outside the FoxRushBartJones bubble, where they like to create mythical enemies and then slay them . Fear and loathing for their fellow citizen, those bubble-soaked "patriots", in a nation built on immigration.
Edit: LOL. See above for perfect examples.
I'm not taking anyone's hypotheticals or exaggerations (lol).
If he started with $14m and turned it into $3.1b, that's an increase of 220 times. As a ratio, that's like turning $10k into $2.2m or $100k into $22m. Not that it's comparable in terms of difficulty, but just to see what 220x increase looks like. I think we could all agree turning $14B into $3.2T would be practically impossible to say the least.
The common theme among liberals is that Trump isn't successful because he started off with however many millions. Time and time again I'd see posts on facebook or twitter (I just use it to watch funny cat videos, mostly) about whining crybaby liberals saying Trump isn't/wasn't successful because he started off with a million-something dollar loan. LOL @ the following posts:
Quote: rxwineEvery Trump book on wealth making should start with, "First get someone to give you millions of dollars."
Quote: TigerWuNo, he became a supposed billionaire because he inherited millions of dollars. Give me millions of dollars and 40 years and I guarantee I could become a billionaire, too.
John friggin Bolton?
SWAMP!!!
Quote: RSQuote: beachbumbabsI don't know anyone who thinks that.
However, many have remarked that it's much easier to do when you start with, say, 14 million, vs . zero.
You gotta stop taking EBs and AZs hypotheticals and exaggerations when claiming to speak for all liberals as, well, having any credibility whatsoever. They don't speak for anyone outside the FoxRushBartJones bubble, where they like to create mythical enemies and then slay them . Fear and loathing for their fellow citizen, those bubble-soaked "patriots", in a nation built on immigration.
Edit: LOL. See above for perfect examples.
I'm not taking anyone's hypotheticals or exaggerations (lol).
If he started with $14m and turned it into $3.1b, that's an increase of 220 times. As a ratio, that's like turning $10k into $2.2m or $100k into $22m. Not that it's comparable in terms of difficulty, but just to see what 220x increase looks like. I think we could all agree turning $14B into $3.2T would be practically impossible to say the least.
The common theme among liberals is that Trump isn't successful because he started off with however many millions. Time and time again I'd see posts on facebook or twitter (I just use it to watch funny cat videos, mostly) about whining crybaby liberals saying Trump isn't/wasn't successful because he started off with a million-something dollar loan. LOL @ the following posts:
He started out with several million dollars. No one argues with that. What people don't bring up is how much he inherited from his father a few years later when he died. If you search the web, you'll see several stories about how anyone- you, me, the village idiot, ect, , could have invested the money he inherited into a mutual fund and ended up with more money.
Here is one such story- https://finance.yahoo.com/news/why-probably-better-investing-donald-233020366.html
His father died in the mid 1980s, leaving an estate of between 250-500 million dollars. Much of his wealth was in his real estate company, most of which went to Donald. What I rarely hear discussed anymore is that his father wasn't even the founder of Trump Reality. It was originally known as The Elizabeth Trump Company and after a few years was changed to ElizabethTrump and Son Company. After his parents died, the company bio pretty much whitewashed his grandmothers wealth and role in the company, as well as lessening his fathers role ,as well.
Quote: RSIf he started with $14m and turned it into $3.1b, that's an increase of 220 times. As a ratio, that's like turning $10k into $2.2m or $100k into $22m. Not that it's comparable in terms of difficulty, but just to see what 220x increase looks like. I think we could all agree turning $14B into $3.2T would be practically impossible to say the least.
Let's just say, If Trump took one or more bigger than average risks that's not the definition of smart even if it paid off. Just the opposite. But guys who make big risky bets do sometimes win.
Investopedia says at one time he had to be bailed out by more than 70 banks. If he was bankrupt 4 times, I'd say he was taking too much risk on.
He's probably learned his lesson by now, or too old to go bankrupt again, but I wouldn't underestimate his ability to lose money.
Quote: rxwineHow much harder is it to start without millions?
It really has nothing to do with how much
you start with. I can think of a dozen
billionaires who started with nothing.
It has to do with who you are and what
you want. Scott Adams says Trump has
the most varied skill set he's ever seen.
He not an expert at anything, but really
really good at a lot of things, one of them
being persuasion. This would make him
a super salesman. It's how he made
billions and how he got elected. He
persuaded us to elect him.
Quote: EvenBobHe
persuaded us to elect him.
Speak for yourself.
Quote: RSThe common theme among liberals is that Trump isn't successful because he started off with however many millions.
The common theme from the conservatives view is that so much of Trump’s wealth was built through bankruptcy (as well as stiffing workers, investors, and creditors) and that is not the way to build a country.
Quote: EvenBobIt really has nothing to do with how much
you start with. I can think of a dozen
billionaires who started with nothing.
It has to do with who you are and what
you want. Scott Adams says Trump has
the most varied skill set he's ever seen.
He not an expert at anything, but really
really good at a lot of things, one of them
being persuasion. This would make him
a super salesman. It's how he made
billions and how he got elected. He
persuaded us to elect him.
Really really good at persuasion
You mean like Bernie Madoff? Adolph Hitler? WizardofNothing?
What does the little black hole say to the big one? Yes, mummy.
Quote: RS
The common theme among liberals is that Trump isn't successful because he started off with however many millions. Time and time again I'd see posts on facebook or twitter (I just use it to watch funny cat videos, mostly) about whining crybaby liberals saying Trump isn't/wasn't successful because he started off with a million-something dollar loan. LOL @ the following posts:
LOL.... Who is saying he isn't successful? You quoted me for some reason -- I never said he wasn't successful...did I? I said he had an EXPONENTIALLY easier time at becoming rich because he already started rich. He was already ahead of 99% of the world by being born in a rich family. Then he inherited a huge business and millions of more dollars. Almost anyone can be a success given tens or hundreds of millions of dollars. What's with these whining crybaby conservatives obsessing over his wealth like that somehow qualifies him to be a good President, or even a good person? So he's rich, big deal. He's still a terrible person.
Quote: TigerWuThey just want to keep talking about her because right-wingers are OBSESSED with Hillary.
This is 5 pages and 18 hours ago, but the "leans left" Washington Post released a list of "The top 15 Democratic presidential candidates for 2020, ranked"
https://www.washingtonpost.com/news/the-fix/wp/2018/03/23/the-top-15-democratic-presidential-candidates-for-2020-ranked-2/?utm_term=.fa5b806835a1
Hillary is not on the list. The name Clinton is only mentioned twice in the article - once comparing a candidate to Bill Clinton, and the second time mentioning a candidate's historic ties to "the Clintons"
Quote: Dalex64This is 5 pages and 18 hours ago, but the "leans left" Washington Post released a list of "The top 15 Democratic presidential candidates for 2020, ranked"
https://www.washingtonpost.com/news/the-fix/wp/2018/03/23/the-top-15-democratic-presidential-candidates-for-2020-ranked-2/?utm_term=.fa5b806835a1
Hillary is not on the list. The name Clinton is only mentioned twice in the article - once comparing a candidate to Bill Clinton, and the second time mentioning a candidate's historic ties to "the Clintons"
Good list. Similar to mine. I left off Bernie on purpose. He's too old, even though I think Joe Biden might be older.
I think Franken should not be counted out. Even if people think he's guilty (and I don't ), Trump.has paved the way for him with so much worse (and deliberate) behavior.
Quote: Dalex64Hillary is not on the list. The name Clinton is only mentioned twice in the article - once comparing a candidate to Bill Clinton, and the second time mentioning a candidate's historic ties to "the Clintons"
Some odd names on that list. Oprah?? No thanks. Bernie? His age alone is going to scare off too many people.
EDIT: And I still say that the GOP is not going to let Trump run again in 2020. If he's not impeached or resigned by then, they are going to kick him to the curb and go with someone else. Trump is too much of a liability.
Quote: TigerWuSome odd names on that list. Oprah?? No thanks. Bernie? His age alone is going to scare off too many people.
EDIT: And I still say that the GOP is not going to let Trump run again in 2020. If he's not impeached or resigned by then, they are going to kick him to the curb and go with someone else. Trump is too much of a liability.
Why not Oprah. Celebrity like Trump but opposite in pathos. Truly built up a billion dollar Empire from scratch including television stations.
Unlike Trump who boasts of having his own tv show Oprah owns an entire station
And probably has most all of the female vote so half the country
Quote: darkozWhy not Oprah. Celebrity like Trump but opposite in pathos. Truly built up a billion dollar Empire from scratch including television stations.
Unlike Trump who boasts of having his own tv show Oprah owns an entire station
And probably has most all of the female vote so half the country
I don't know... I mean, I guess if it came down to Trump v. Oprah, I'd vote for her in a heartbeat, but this time around I'd rather have someone with political experience.
Quote: darkozReally really good at persuasion
You mean like Bernie Madoff? Adolph Hitler?
Exactly like that. Add Charles Ponzi to the
list. If you're not half con man, you'll
never get elected to anything.
Quote: darkozWhy not Oprah. Celebrity like Trump but opposite in pathos.
How do you figure? Oprah is one of
the biggest con artists in history, just
watch one of her old shows. When I
first saw her in the early 90's I spotted
it immediately, she smoozes and oozes
inauthenticity.. And the women viewers
ate it up, as they're supposed to.
(not real or sincere : not authentic)
Quote: EvenBobHow do you figure? Oprah is one of
the biggest con artists in history, just
watch one of her old shows. When I
first saw her in the early 90's I spotted
it immediately, she smoozes and oozes
inauthenticity.. And the women viewers
ate it up, as they're supposed to.
(not real or sincere : not authentic)
But that's because you are a real mans man. Oprah has an effect on woman and girly men.
Stay Gold, Pony Boy, Stay Gold
Quote: EvenBobHow do you figure? Oprah is one of
the biggest con artists in history, just
watch one of her old shows. When I
first saw her in the early 90's I spotted
it immediately, she smoozes and oozes
inauthenticity.. And the women viewers
ate it up, as they're supposed to.
(not real or sincere : not authentic)
I wouldn't exactly call being a good talk show host a "con artist." She knows how to talk to people and play the crowd. That's not really a scam - that's just being a good entertainer.
Quote: TigerWuShe knows how to talk to people and play the crowd.
What do you think con artists do. What
do you think good televangelists do, they
con the crowd. I remember watching Opie
with a woman I know, and Opie had her
blubbering like a baby. I was stunned that
she couldn't see what a phony Opie was,
how she was playing the audience.
