President Trump’s strongest leadership qualities are persuasion and risk management. Coincidentally, both of those talents are invisible to the untrained. It’s easy to see why the “artist class” is confused.
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Replying to @ScottAdamsSays
How does he have so many failed businesses? Or are those actually successful bankruptcies to the "trained eye"?
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Replying to @Roook @ScottAdamsSays
Do you know what a bankruptcy is? It's where you receive protection from creditors so you don't risk lose everything personally. It is *literally* a risk management mechanism codified by Congress to encourage entrepreneurs to start businesses.
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Replying to @extrashaky @ScottAdamsSays
Interesting. How do lawsuits that result in having to pay $25 million to students you defrauded work into risk management?
3 replies 0 retweets 4 likes
If you own lots of entities (Trump had 400 or so), you have to delegate decisions/details to others. So you silo that risk in separate legal entities and hope your winners pay for the losers. Basic stuff, Roook. Like venture capital.
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