You haven't articulated yet what is so bad about the guy. So he nearly went bankrupt. A lot of people nearly go bankrupt. In fact, a lot of people actually do go bankrupt. Donald Trump went to the brink and came back stronger than ever. If that's a basis for criticism then you need your head read. That makes him worthy of an unprovoked attack? If I had a chance to spend an hour with him or an hour with you, you wouldn't even get half a second's thought.
You may not like the guy and that's fine, whatever. But there is no denying he is a hugely successful, resilient businessman with a bottomless belief in his own self worth. I love that about the guy. His confidence in himself is unparalleled. Also, considering you've met neither Peter Lynch nor Donald Trump, how can you say with any conviction that one is a better person than the other.
Methinks it's you that is the chump, buddy. You've got nothing better to do with your time than have a go at Donald Trump?
Mark
Its quite ironic that you are defending someone because I'm having a go at them but you are trying to goad me into an argument by personalising things on a forum.
I'm not sure if you actually thought I was hoping to sit down with you for an hour at some time in the future, thanks for the advance notice that you will be unable to attend, perhaps you could spend that hour brushing up on your research skills and finding out a bit more about your "Hugely successful, resilient businessman with a bottomless belief in his own self".
I've got to say there are a few things that do impress me about Trump.
Lending his name to investments is one, the implied value of the Trump name supposedly adds value to apartment buildings worldwide. While Trump gets to continue the facade of being wealthy (well suckers like you believe it anyway) by having his name up in lights in developments all over town... This poses some problems though...
Did you know (well, of course you probably do!) that in some of these 'Trump name' deals Trump negotiated administering the (US version of) body corporates in some of these buildings. Thats a bright idea that can create future income. Especially if you siphon funds from the owners!
Thats right the guy you want to spend an hour with has had property companies he manages taken to court for a variety of accounting and auditing problems with the body corporate books.
Some of the complaints that owners have include simple items like no minutes being recorded, if minutes were recorded they were kept on Trump premises in NY, minutes, audited financials etc. not being made available to owners or prospective owners, when they were made available they have to be read only on Trump premises.
What were they trying to hide ? (at least a dozen buildings in Manhattan have prosecuted the Trump organisation for this mismanagement) Would this happen in Australia in a normal strata building?
And before you use the defense that your pal Don may not approve of or know whats happening in each part of his (and I use the term oh so loosely) empire. Lets dig a bit deeper.
His son is at the centre of most of the fraud and misappropriation charges, yes his polished smiling son Conrad that can be seen learning from his father on the apprentice. And what happened when a resident found out and blew the whistle on Conrad stealing 380k from her buildings works funds? The trump organisation pressured a building employee to press assault charges against the female resident. the charge later being dropped and the employee admitting he had 'overstates' the assault.
At the time Trump publicly defamed the female resident on radio and in print whilst sticking up for his son.
Trump does not manage that building anymore and Conrad plans to start a property fund investing in India. and why not , he's 30, never had to work and already knows how to fleece people! the apple didn't fall too far from the tree.
Take all the advice you like from Trump.
Seriously champ don't just take my word for it. see what Warren Buffet has to say about your pal Trump:
Where did Donald Trump go wrong? The big problem with Donald Trump was he never went right. He basically overpaid for properties, but he got people to lend him the money. He was terrific at borrowing money. If you look at his assets, and what he paid for them, and what he borrowed to get them, there was never any real equity there. He owes, perhaps, $3.5 billion now, and, if you had to pick a figure as to the value of the assets, it might be more like $2.5 billion. He’s a billion in the hole, which is a lot better than being $100 in the hole because if you’re $100 in the hole, they come and take the TV set. If you’re a billion in the hole, they say “hang in there Donald.”
