BrerRobert:
Originally Posted by ThelmaLou
Trump has declared bankruptcy six times. Does that sound like a success?
Of course it does. Trump has started hundreds of businesses. “About 50% of new U.S. companies fail in their first five years.” http://www.gallup.com/businessjournal/178787/why-new-companies-fail-during-first-five-years.aspx
That is a garbage argument, since it uses data cherry picked from a particular date with the benefit of hindsight. You might as well claim that lottery winners are better entrepreneurs than mutual fund investors. The money invested into mutual funds would generate a better return if it was instead used to purchase Powerball tickets with numbers that we now know are winners.
And then there is the fact that Trump was able to leverage the fame of his brand into becoming the most powerful person on the planet. There is no telling how profitable this prominence will be over the following decades. The Clintons managed to become worth $150 million iirc, and that was just through simple book deals and talks, they didn’t have a string of hotels and golf courses branded in their name.
Re The Donald’s entrepreneurial prowess-- not moneymaking [del]skill[/del] luck, but the ability to run a successful business (quoted from another thread-my bold):
Well put (the whole post).
Trump’s historical solution to these problems has been to;
a) say that the people you hired did a terrible job, and refuse to pay them
and if that fails, then
b) declare bankruptcy