President Trump has over fifty years of negotiating experience. Chairman Kim might be negotiating for the first time in his entire life. Sometimes we worry about the wrong things. #SingaporeSummithttps://twitter.com/Robert_E_Kelly/status/1005839601724878849 …
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Replying to @ScottAdamsSays
Here’s a Rolling Stone’s list of 13 failed businesses. The left off Trump Models. https://www.rollingstone.com/politics/news/donald-trumps-13-biggest-business-failures-20160314 …
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Replying to @ScottAdamsSays @SoniaHenne
Trump has YUGE success ratio for Starting and Building Companies or Businesses. Amazing numbers if correct, when you consider 95% failure rate of a business within 10 years.
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(1) Not true. His father had already built a considerable real estate business. From there, Trump built additional wealth by bilking banks and investors, and exploiting immigrant laborers. Compare Trump to someone like Richard LeFrak, a smart and honest real estate ...
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(2) developer, and contemporary of Trump. He's now worth $7B, and is 181st on Bloomberg's list of the world's richest people. Trump didn't even make the list. It's been shown repeatedly that Trump's business gain percentages are less than what you or I would have earned with...
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(3) typical retirement investments. Bloomberg calculated that, in 1978, with $100M net worth, had he abandoned real estate and simply put his $ into an S&P 500 index fund, he'd be worth $6B. That's over twice his current estimated worth. Trump is objectively NOT a success.
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Is that the analysis that ignored taxes, spending, and the benefits of diversifying outside of stocks?
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