You behave like someone who want to not know. Else you’d have said in time “wait I didn’t get that part”. You didn’t, and not a lot I can do about it. If you change and decide you wanna know you’ll know quickly. A glance on the same posts and it will be obvious. Have a good day.
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Replying to @GregoryMakles @whiteblankwhite and
Sorry about that, I should have asked and would be happy to better understand. I was just put off by the comments on the Vox article as being understood by idiots, when you hadn't read the methodology, followed by phrases like "whoops, big misunderstanding" but go steady mate
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Replying to @JohnPHood @whiteblankwhite and
I showed you that his wealth progression even by most conservative estimate vastly beat the SP-500 progression you thought would do better, even with reinvestment. Even better, I showed you how it was an easy check that you should have done yourself, with links. See my point yet?
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Replying to @GregoryMakles @whiteblankwhite and
I'm trying, genuinely, to understand how you think that. Point of the article is he's in roughly the same position as if he'd left his "entrepreneurial" activities alone. If you think he has £4bn,he's a bit up, if £2.9bn he's miles down.
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Replying to @JohnPHood @whiteblankwhite and
My point is that the Vox article is blatantly wrong, as can and should easily be checked. You take their statement, run the numbers, see it's wrong, then never believe them again. Now about what he has, let's be accurate
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Replying to @GregoryMakles @whiteblankwhite and
This is interesting, because on at least one measure you didn't check the article, and you missed the relevance of inflation on Trump's wealth. Now it's about the "luxury spending" and a guess he spent £40m per year for 42 years. You have not been accurate.
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Replying to @JohnPHood @whiteblankwhite and
Look, I don't have a mission to convince you of anything. You produced an article that compared an abstract, no tax no spending scenario to a real life situation where those things happened and thought it was ok, making a huge mistake in the estimation.
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Replying to @GregoryMakles @whiteblankwhite and
1/2 Sure, and you didn't factor in inflation, missed the dividend reinvestment point, and now invented an annual Trump spending figure to create an imagined gap between his business successes and what he would have earned through investment.
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Replying to @JohnPHood @GregoryMakles and
2/2 No-one was suggesting he lived off thin air for 40 years. He received a salary and dividends and had zero housing costs. But if you want to make the unsubstantiated claim that his proclivity for gold taps shows his business acumen bettering the market. Cool.
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Replying to @JohnPHood @whiteblankwhite and
Wrong, Vox did: "If someone were to invest $40 million in a S&P 500 index in August 1974, reinvest all dividends, not cash out and have to pay capital gains, and pay nothing in investment fees, " No spending, no taxes on income, and no investment fees (bc... reason...)
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You're slaying today.
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Replying to @ScottAdamsSays @GregoryMakles and
Oh no, the High Priest of Persuasion has looped himself back in.
1 reply 0 retweets 0 likesThanks. Twitter will use this to make your timeline better. UndoUndo
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