I meet Trump :)

[Hydroblunt]

Quote from traderNik:

A fraudster, huh? Hmmm... sounds a bit like those who run Ann Coulter down for her incredibly entrepreneurial approach to branding herself.

Just because the guy has the kind of mindset that allows him to brand himself doesn't mean he's a 'fraudster', IMO. There are bigger fraudsters on here - those who claim you can make a fortune with $2500 down in trading. People who do Donald's gig are generally self-confident types and pretty bright, as far as I can tell. Sure, the Donald's dad had bucks but he made it through Wharton, didn't he?

Anyway, even if he's not a real genius, he's a genius at making money in America. He made and lost a fortune in RE and then, luckily, American culture sank into the toilet with the whole 'reality TV-cult of personality-famous for being famous' trend that we've seen emerging in the past 10 years. It was right up his alley and he saw an opportunity and went for it.

All this moaning sounds like sour grapes. The question is this - how many of us would turn down $10MM to make a public fool of himself, repeatedly, for 90 days straight? What would you do for $10MM? He saw the offer and he did what it takes to grab the cash. The offer is open to anyone.

Good argument, sadly, you do not really know what you are talking about.

Trump is more of a conman than a fraudster. His background & connections were a key factor in letting him accomplish what he did. His desire for the spotlight and a natural TV presence is a secondary but important factor as well.

The fact is that he fleeced the government, the creditors and quite a few investors. He also managed to fool the public, you included. There are many verbiages about him and common beliefs which are just complete bullsh*t. The most interesting one is when he says "that's my building". There really is only one major piece of real estate in which he has any equity, besides his personal home(s).

That being said, he did not make a fool of himself on the reality show, quite the opposite. He was key for the show's success. He has a natural TV presence and the camera loves him. I think he was awesome in "The Apprentice".
There is no denial that he has a special marketing ability, that's why he was able to brand his name, that's why real estate developers & business men pay him to use his name and be a representative/host, to ensure the luxury characteristic. The problem is when it comes to making a profit, or even being able to cover debt service & dividends, he simply does not have the basic concepts of real estate finance & investment. His initial uber-successful ventures (with daddy's $1 million dollars & connections) is not that different from many others during the 80s RE bubble or even the numerous super traders during the tech bubble.

It's image, hype and marketing, nothing more. Yeah, he is loaded and lives a faboulous life, but you know what, he was set for life regardless of what he did, just due to Fred Trump being his father. I personally know young kids in very similiar positions, it's a very different reality, different set of rules, different benchmarks from 99% of the world's population. D.Trump did take it to a new level, no doubt about that. Couple NYC hot shots trying to copy him in this last RE bubble (like Monian), but they aren't coming close.

 

[Joab]

Quote from traderNik:

A fraudster, huh? Hmmm... sounds a bit like those who run Ann Coulter down for her incredibly entrepreneurial approach to branding herself.

Ann Coulter is about as entrepreneurial as Monica Lewinsky and history will record them both the same way.

LOSERS

 

[nkhoi]

Quote from Trader666:

And if Trump could command that much, imagine how much Jack Hershey could get!!! 10 times that? 100? 1,000?

if you have your bank open 24/7, there is no rush in cashing out all available deposit.

 

[FanOfFridays]

Quote from Joab:

Ann Coulter is about as entrepreneurial as Monica Lewinsky and history will record them both the same way.

LOSERS

Hard to believe that anyone who watches Ann ring the cherries time after time could believe this.

I reiterate - it is hilarious watching people get all huffy when Ann comes out with her latest sound bite/promo riff. She must literally roll on the ground laughing when she hears it. Then she calls her banker and they both have a laugh.

 

[FanOfFridays]

Quote from Hydroblunt:

Good argument, sadly, you do not really know what you are talking about.

The fact is that he fleeced the government, the creditors and quite a few investors.

In America, as long as you don't get caught, that makes you a savvy businessman. To suggest that this doesn't go on all the time among 'legitimate' businessmen is either to lie or to betray a stupendous naivete.

I was making no comment about Trump's business acumen. He graduated from Wharton but I said clearly that that doesn't make him a business genius. He knows how to make money, that's it. He's never even been close to any significant legal problems as far as I can remember.

Like I said, all of this sounds a lot like sour grapes to me.

He and Ann Coulter are doing the same gig - givin' 'em what they want.

Quote from Hydroblunt:
There is no denial that he has a special marketing ability, that's why he was able to brand his name, that's why real estate developers & business men pay him to use his name and be a representative/host, to ensure the luxury characteristic.

So... I don't know what I'm talking about but then you go on to say exactly the same thing as I said in my post???

Errrr... okay.

Quote from Hydroblunt:

he simply does not have the basic concepts of real estate finance & investment.

Logically, for you to be able to make this determination, you would have to know more about it than Donald Trump does. Smoking the kind must have done that for you.

 

[EMRGLOBAL]

LOL.... 200@50,000, boy did they clean up.

One big foking Info-commercial for "MY AMAZING SYSTEM".

I can't belive people in Toronto fell for that crap.

Trump is the only Broke-Millionaire I know.

e

 

[FanOfFridays]

Quote from EMRGLOBAL:

I can't belive people in Toronto fell for that crap.

I, on the other hand, have absolutely no trouble believing it. Doesn't surprise me in the least.

btw... if Trump is broke, he's a broke billionaire.

 

[riaamaan]

I read Kiyosaki's book a long time ago. As far as I'm concerned, it had the correct concepts. If you wish to be wealthy, do it by owning your own business. Purchase assets that can make you money.

It endorses focusing in the correct area of accomplishment. As an employee, a person is being exploited by a business owner to make the employer wealthy. Instead, it is wiser to invest in your own business.

Yeah, not a lot there, but hey, he sold it and I give him props for that. I'm not a Kiyosaki fan, but I don't despise him either. It ain't easy makin it big and I have no problem with people who do it at the expense of suckers.

 

[nutmeg]

"It ain't easy makin it big and I have no problem with people who do it at the expense of suckers."

Not necessarily so. Choosing the right location is not at the expense of "suckers". Benefiting from tax deductions is not at the expense of "suckers".

Trump advocates buying the "don't wants".

example, couple are getting a divorce, neither of them can afford the house OR want the house, They "don't want" it, guess what the price of that don't want it is? Less than IV.

There's three scenarios that don't involve ethics or a piker business brain. What separates Joe investor from trump, zero's on the balance sheet or the panache to make it happen (who you know)and your character, to git er done.

 

[Joab]

Quote from traderNik:

she calls her banker and they both have a laugh.

?????

She's not Madonna selling cd's to 15 year old's

Her demographic is totally different and she is broke trust me, that's why she keeps trying to push the envelope.

She's a LOSER and nobody but the FREE media is giving her a penny for anything.