Trump
12-22-2015 | 09:31 AM
#21
With The Resistance
Joined: Jan 2006
Posts: 6,191
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From: Burning the Agitprop of the Apparat
Oh my bad. A 10 million dollar investment for 40 years in say the s&p 500 index after 40 years would only be 250 million bucks.
Good thing he started off with way more than that.
Point is, he's not a rag to riches story, he's an heir who's smart and talented. But he didn't rise up out of the gutter in any way.
Good thing he started off with way more than that.
Point is, he's not a rag to riches story, he's an heir who's smart and talented. But he didn't rise up out of the gutter in any way.
Do you own some Che t-shirts?
12-22-2015 | 09:44 AM
#22
With The Resistance
Joined: Jan 2006
Posts: 6,191
Likes: 0
From: Burning the Agitprop of the Apparat
The lowest of the range of estimates of what he inherited from his father in 1974 is $40 million (he split his inheritance with siblings). Had he somehow liquidated his share of his father's business and done nothing with that money but invest in an index fund that tracked the S&P 500 at that time (if such a fund had existed), and reinvested the dividends, he would have about $3.7 billion today.
A Forbes article in 1982 estimated his wealth at around $200 million. Similarly, had he invested in an index fund at that time and reinvested the dividends, he would have around $8.3 billion today. He has estimated his own wealth recently at around $9 billion, while others have estimated lower.
So who knows what kind of a business man doing "wonderful deals" he is.
A Forbes article in 1982 estimated his wealth at around $200 million. Similarly, had he invested in an index fund at that time and reinvested the dividends, he would have around $8.3 billion today. He has estimated his own wealth recently at around $9 billion, while others have estimated lower.
So who knows what kind of a business man doing "wonderful deals" he is.
The problem we have is that we think there is a solution from any of these fools.
We are broke and stupid, there is no white knight on the horizon.
We are screwed, always have been, always will be, and you can't pretend the past or future.
As always, we end up running out of other people's money.
Take some math and economics courses or shut up.
Or start charging 300K for twenty minutes of hot air and laundering that into a living.
Grifters seem to do very well in this environment.
For the rest of us it is just unicorns crapping skittles.
12-22-2015 | 10:33 AM
#23
With The Resistance
Joined: Jan 2006
Posts: 6,191
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From: Burning the Agitprop of the Apparat
Do you really think you need a pimp or can you work as an independent contractor?
12-22-2015 | 10:52 AM
#24
Gets Weekends Off
Joined: Feb 2006
Posts: 6,248
Likes: 0
From: 767A (Ret)
12-22-2015 | 11:30 AM
#25
Gets Weekends Off
Joined: Jul 2013
Posts: 5,292
Likes: 118
Even some of the people that are admanant critics of his that met him have said that's he's not at all like his reality TV persona.
And hey, IF he has his way, his pilots will be out of a job next year!!!!
12-22-2015 | 11:44 AM
#26
Junior Senior
Joined: Feb 2012
Posts: 2,851
Likes: 1
From: Whiskey Papa
Not sure how he treats the peons now, but my mother met him years ago at her bank and he was friendly, humble and appreciative of the security vault employees.
12-22-2015 | 12:12 PM
#27
Line Holder
Joined: May 2010
Posts: 364
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Which really has NO bearing on whether or not he treats the people that work for well or not.
Even some of the people that are admanant critics of his that met him have said that's he's not at all like his reality TV persona.
And hey, IF he has his way, his pilots will be out of a job next year!!!!
Even some of the people that are admanant critics of his that met him have said that's he's not at all like his reality TV persona.
And hey, IF he has his way, his pilots will be out of a job next year!!!!
12-22-2015 | 04:14 PM
#28
Banned
Joined: Feb 2007
Posts: 8
Likes: 0
No need to speculate about him. He helped Frank Lorenzo destroy Eastern and then behaved incompetently at the controls of Trump Air.
Trump To Buy Eastern Airlines Shuttle - tribunedigital-chicagotribune
Trump to Pay $365 Million for Eastern Shuttle : Two Unions Vow Fight, Say Texas Air's Lorenzo Is Trying to Chop Up Airline - latimes
The Crash of Trump Air - The Daily Beast
Trump To Buy Eastern Airlines Shuttle - tribunedigital-chicagotribune
Trump to Pay $365 Million for Eastern Shuttle : Two Unions Vow Fight, Say Texas Air's Lorenzo Is Trying to Chop Up Airline - latimes
The Crash of Trump Air - The Daily Beast
12-22-2015 | 05:03 PM
#29
With The Resistance
Joined: Jan 2006
Posts: 6,191
Likes: 0
From: Burning the Agitprop of the Apparat
No need to speculate about him. He helped Frank Lorenzo destroy Eastern and then behaved incompetently at the controls of Trump Air.
Trump To Buy Eastern Airlines Shuttle - tribunedigital-chicagotribune
Trump to Pay $365 Million for Eastern Shuttle : Two Unions Vow Fight, Say Texas Air's Lorenzo Is Trying to Chop Up Airline - latimes
The Crash of Trump Air - The Daily Beast
Trump To Buy Eastern Airlines Shuttle - tribunedigital-chicagotribune
Trump to Pay $365 Million for Eastern Shuttle : Two Unions Vow Fight, Say Texas Air's Lorenzo Is Trying to Chop Up Airline - latimes
The Crash of Trump Air - The Daily Beast
Do you honestly believe that any politico is going to help you at any time? In any way?
It really just makes you look stupid if you back any of them and this has been clear for many decades. Wake up or stay stupid.
You will get no help. The only thing that will ever help you is your company making a profit.
12-22-2015 | 10:31 PM
#30
Banned
Joined: Feb 2007
Posts: 8
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Good point, can you show us any example of any politico running an airline and making a profit during the Eastern collapse or at any other time?
Do you honestly believe that any politico is going to help you at any time? In any way?
It really just makes you look stupid if you back any of them and this has been clear for many decades. Wake up or stay stupid.
You will get no help. The only thing that will ever help you is your company making a profit.
Do you honestly believe that any politico is going to help you at any time? In any way?
It really just makes you look stupid if you back any of them and this has been clear for many decades. Wake up or stay stupid.
You will get no help. The only thing that will ever help you is your company making a profit.
Politicos don't run airlines, but if you're asking have their been any airline CEOs turned politician, just google it. I googled "PBGC American Airlines" and found out that an Obama appointee saved our fellow pilot's pensions. Is that not an example of a politico doing something good for people? What would a Trump appointee do?
http://www.pionline.com/article/2012...nkruptcy-fight
American Airlines Freezes Its Pension Plans
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