Warren Buffett really let Donald Trump have it on Monday during a rally for Hillary Clinton.
Famous for his investing prowess, Buffett of course went after the one time Trump took a company public on the stock market.
“In 1995, Donald Trump went to the American people and he said join me — I’m a winner — and invest in my company: Trump Hotels & Casino Resorts,” Buffett said “They listed on the New York Stock Exchange and Mr. Trump very modestly made the ticker symbol DJT. Guess what that’s for.”
That business eventually turned out to be the worst part of Trump’s business portfolio.
“The next ten years, the company loses money every year,” Buffett continued. “Every single year.”
Buffett added that while shareholders saw their investment crumble, Trump took home $44 million in compensation during that period...
https://finance.yahoo.com/news/buffett-trump-monkey-stocks-000000899.html
Famous for his investing prowess, Buffett of course went after the one time Trump took a company public on the stock market.
“In 1995, Donald Trump went to the American people and he said join me — I’m a winner — and invest in my company: Trump Hotels & Casino Resorts,” Buffett said “They listed on the New York Stock Exchange and Mr. Trump very modestly made the ticker symbol DJT. Guess what that’s for.”
That business eventually turned out to be the worst part of Trump’s business portfolio.
“The next ten years, the company loses money every year,” Buffett continued. “Every single year.”
Buffett added that while shareholders saw their investment crumble, Trump took home $44 million in compensation during that period...
https://finance.yahoo.com/news/buffett-trump-monkey-stocks-000000899.html