Quote:
Originally Posted by WTF
Both trump and Obama got elected the leader of the Free World (and I use the word 'Free' loosely) who started out with less? Who should we give more or less credit to?
Here is a good piece on what Trump would be worth had he just invested in a Stock Index...
https://www.quora.com/Did-Donald-Tru...emarkable-rate
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From your blog:
“Trump does deserve credit for a number of things. First, many heirs squander their fortune or spend recklessly. Trump by all accounts worked hard to invest his money well. Second, Trump made well-timed investments in Manhattan and he chose to stay invested in Manhattan. He’s made a number of excellent business decisions, and nearly everyone in business has made decisions they regret.
However, it’s also clear that if he didn’t have inheritance and financial support from his father, he couldn’t have gotten started in the way that he did. It’s also clear that he has benefitted from normal compounding, as any investor would.”
Maybe you should invest in the market instead of gambling it away!!!!!!