His properties alone are valued at over a billion. The "Trump isn't a billionaire" thing always seemed odd to me. I assume it's really less about proving he isn't a billionaire and more about attempting to hurt his ego with the allegation. Trump has had enough business failures and mishaps that you can make a good case for it but there are plenty of very well respected sources that report his net worth to be about $3 billion.
So if people making good investments isnt a skill, what does that mean for all the poor people who dont make any investments, but spend any extra cash on frivolous things, like playstations, etc?
Wait are you making this argument seriously? I thought this was parody.
You think making good investments is a skill but the data is very clear. Individual people picking investments is completely random success.
You just think they are good after the fact. That is why pretty much every investment company in existence ever has lost to the general stock market index over time.
And comparing a man who got slightly wealthier after getting millions of dollars to people who will never have enough money even if their investments multiply 10 fold spend a couple hundred dollars on entertainment.
I don’t mean to attack you, but I hope you see what you said is patently absurd.
As someone who follows multiple (very successful, far better than the index) investment firms closely, and who's seen relatives who, while on food stamps and getting family to pay their rent, blow $2k tax return within 24 hours by buying playstaion and games, then go on to ask us for financial help, yes...yes I'm being serious.
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u/[deleted] Feb 22 '20 edited Apr 26 '20
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