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Author Topic: Top Trumps?  (Read 6977 times)
TightEnd
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« on: October 27, 2015, 12:26:24 PM »

i mean, can you imagine it?

Why Donald Trump could win the Republican nomination

http://bloom.bg/1WffWZC 

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The Camel
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« Reply #1 on: October 27, 2015, 12:35:40 PM »

"Bloomberg puts Trump's current net worth at $2.9 billion.

"The NJ has worked out that if Trump had just put his father's money in a mutual fund which tracked the S&P 500 and spent his 'career' finger painting, he'd have $8 billion"


#masterbusinessman
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« Reply #2 on: October 27, 2015, 12:44:30 PM »

"Bloomberg puts Trump's current net worth at $2.9 billion.

"The NJ has worked out that if Trump had just put his father's money in a mutual fund which tracked the S&P 500 and spent his 'career' finger painting, he'd have $8 billion"


#masterbusinessman

Ha, this is what I assumed, glad to see it.




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« Reply #3 on: October 27, 2015, 12:44:57 PM »

If Trump gets in, Bush will lose his title as the stupidest president ever.
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bobAlike
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« Reply #4 on: October 27, 2015, 12:55:32 PM »

"Bloomberg puts Trump's current net worth at $2.9 billion.

"The NJ has worked out that if Trump had just put his father's money in a mutual fund which tracked the S&P 500 and spent his 'career' finger painting, he'd have $8 billion"


#masterbusinessman

Surely it's all down to luck and not his ability as a businessman?
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Ah! The element of surprise
tikay
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« Reply #5 on: October 27, 2015, 01:06:40 PM »

"Bloomberg puts Trump's current net worth at $2.9 billion.

"The NJ has worked out that if Trump had just put his father's money in a mutual fund which tracked the S&P 500 and spent his 'career' finger painting, he'd have $8 billion"


#masterbusinessman

Surely it's all down to luck and not his ability as a businessman?

Not so much luck, as leveraged finance.

The man's a wrong 'un, I'd rather trust a Greek bloke.
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DungBeetle
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« Reply #6 on: October 27, 2015, 01:30:45 PM »

"Bloomberg puts Trump's current net worth at $2.9 billion.

"The NJ has worked out that if Trump had just put his father's money in a mutual fund which tracked the S&P 500 and spent his 'career' finger painting, he'd have $8 billion"


#masterbusinessman

Surely not possible?  Not that I like the bloke, but wasn't his seed capital $1million in 1970, which would be about $7 million today.  Pretty sure the S&P hasn't outperformed by a factor of 1000!

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bobAlike
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« Reply #7 on: October 27, 2015, 01:32:09 PM »

"Bloomberg puts Trump's current net worth at $2.9 billion.

"The NJ has worked out that if Trump had just put his father's money in a mutual fund which tracked the S&P 500 and spent his 'career' finger painting, he'd have $8 billion"


#masterbusinessman

Surely it's all down to luck and not his ability as a businessman?

Not so much luck, as leveraged finance.

The man's a wrong 'un, I'd rather trust a Greek bloke.

Was just referring to an earlier discussion where Keith was talking about luck getting you to the top.

BTW Never trust Greek blokes
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AlunB
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« Reply #8 on: October 27, 2015, 01:43:50 PM »

"Bloomberg puts Trump's current net worth at $2.9 billion.

"The NJ has worked out that if Trump had just put his father's money in a mutual fund which tracked the S&P 500 and spent his 'career' finger painting, he'd have $8 billion"


#masterbusinessman

Surely not possible?  Not that I like the bloke, but wasn't his seed capital $1million in 1970, which would be about $7 million today.  Pretty sure the S&P hasn't outperformed by a factor of 1000!



The simplest version of the comparison seems to be that if Trump had taken his $40 million inheritance from his father in 1974, converted it into cash, and invested it in the S&P 500, reinvesting all dividends and spending no money along the way, he'd have about $2.3 billion or so today, depending on how you do the math. Bloomberg computes his actual net worth as $2.9 billion, so he's modestly outperformed the S&P over his career, again depending on how you do the math

http://www.bloombergview.com/articles/2015-09-03/should-donald-trump-have-indexed-
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DungBeetle
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« Reply #9 on: October 27, 2015, 01:56:44 PM »

"Bloomberg puts Trump's current net worth at $2.9 billion.

"The NJ has worked out that if Trump had just put his father's money in a mutual fund which tracked the S&P 500 and spent his 'career' finger painting, he'd have $8 billion"


#masterbusinessman

Surely not possible?  Not that I like the bloke, but wasn't his seed capital $1million in 1970, which would be about $7 million today.  Pretty sure the S&P hasn't outperformed by a factor of 1000!



The simplest version of the comparison seems to be that if Trump had taken his $40 million inheritance from his father in 1974, converted it into cash, and invested it in the S&P 500, reinvesting all dividends and spending no money along the way, he'd have about $2.3 billion or so today, depending on how you do the math. Bloomberg computes his actual net worth as $2.9 billion, so he's modestly outperformed the S&P over his career, again depending on how you do the math

http://www.bloombergview.com/articles/2015-09-03/should-donald-trump-have-indexed-

Ah okay - I always read about his $1 million loan he got to start his career.  Assumed they were using that.
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The Camel
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« Reply #10 on: October 27, 2015, 02:03:29 PM »

"Bloomberg puts Trump's current net worth at $2.9 billion.

"The NJ has worked out that if Trump had just put his father's money in a mutual fund which tracked the S&P 500 and spent his 'career' finger painting, he'd have $8 billion"


#masterbusinessman

Surely it's all down to luck and not his ability as a businessman?

Not so much luck, as leveraged finance.

The man's a wrong 'un, I'd rather trust a Greek bloke.

Was just referring to an earlier discussion where Keith was talking about luck getting you to the top.

BTW Never trust Greek blokes

Being born the son of a millionaire is more than enough luck than any human deserves.
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AlunB
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« Reply #11 on: October 27, 2015, 02:04:40 PM »

Think the $1m is a bit of a red flag. As I've read elsewhere he was already president of his dad's real estate empire at that point, so it was more like his dad funded a subsidiary. Either way he inherited his dad's massive portfolio when he died.
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The Camel
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« Reply #12 on: October 27, 2015, 04:16:45 PM »

"Bloomberg puts Trump's current net worth at $2.9 billion.

"The NJ has worked out that if Trump had just put his father's money in a mutual fund which tracked the S&P 500 and spent his 'career' finger painting, he'd have $8 billion"


#masterbusinessman

Surely it's all down to luck and not his ability as a businessman?

Not so much luck, as leveraged finance.

The man's a wrong 'un, I'd rather trust a Greek bloke.

Was just referring to an earlier discussion where Keith was talking about luck getting you to the top.

BTW Never trust Greek blokes

Being born the son of a millionaire is more than enough luck than any human deserves.

Really Donald Trump is the poster boy for what I was trying to explain.

The idiot is clearly an absolute fucking buffoon and yet he is one of the richest and most successful men in the world.

Pure luck and yet I'd gladly lay 1000/1 he would admit how lucky he's been.
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Woodsey
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« Reply #13 on: October 27, 2015, 04:53:37 PM »

"Bloomberg puts Trump's current net worth at $2.9 billion.

"The NJ has worked out that if Trump had just put his father's money in a mutual fund which tracked the S&P 500 and spent his 'career' finger painting, he'd have $8 billion"


#masterbusinessman

Surely it's all down to luck and not his ability as a businessman?

 Cheesy
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DungBeetle
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« Reply #14 on: October 27, 2015, 05:24:40 PM »

"Bloomberg puts Trump's current net worth at $2.9 billion.

"The NJ has worked out that if Trump had just put his father's money in a mutual fund which tracked the S&P 500 and spent his 'career' finger painting, he'd have $8 billion"


#masterbusinessman

Surely it's all down to luck and not his ability as a businessman?

Not so much luck, as leveraged finance.

The man's a wrong 'un, I'd rather trust a Greek bloke.

Was just referring to an earlier discussion where Keith was talking about luck getting you to the top.

BTW Never trust Greek blokes

Being born the son of a millionaire is more than enough luck than any human deserves.

Really Donald Trump is the poster boy for what I was trying to explain.

The idiot is clearly an absolute fucking buffoon and yet he is one of the richest and most successful men in the world.

Pure luck and yet I'd gladly lay 1000/1 he would admit how lucky he's been.

Was going to take the 1000/1 he'd show a bit of humility but then I read this:

"My whole life really has been a 'no' and I fought through it," Trump said Monday at an NBC-sponsored town hall here. "It has not been easy for me, it has not been easy for me. And you know I started off in Brooklyn, my father gave me a small loan of a million dollars."

Cheesy
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