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Political Discussion
Reply to "Blockbuster NY Times Investigation - Trump's Tax Schemes To Gain Riches From His Father"
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[quote=Anonymous][quote=Anonymous]NYT: "Here is what can be said with certainty: Had Mr. Trump done nothing but invest the money his father gave him in an index fund that tracks the Standard & Poor’s 500, he would be worth $1.96 billion today." So in other words, Trump is a lousy businessman.[/quote] This is actually quite a common story. Getting big $$$ is seldom about business acumen in the conventional sense (i.e. good at buying low, selling high), but is generally about grabbing assets through untoward means. BTW, if you want another index fund under-performing plutocrat, check out Donald Sterling's buy/sell prices for the LA Clippers of the NBA.[/quote]
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