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Bloomberg's achievements are more impressive than Trump's?

Becoming a self-made multi-billionaire is far more difficult...
,,,.,,,,;.,.,::;,,;..,,::.,.,,..:,:,.:..:,..:.::,
  11/07/19
Date: February 29th, 2012 11:33 PM Author: ,,,.,,,,;.,.,::;...
zoomer
  11/07/19
...
'""''''"'
  11/07/19
...
Gender (select all that apply)
  11/07/19
...
''''''"'"
  11/07/19
...
'""''''"'
  11/07/19
jfc
.,,,..,,...,.,.,:,:,,...,::,...,:,...:..,:.::,.
  11/08/19
J, if your dad knew this was your life what would he say?
Henry Aaron
  11/07/19
Bloomberg has had a very impressive career. Trump’s a...
wagecuck who has lost the joie de vivre
  11/07/19
jjc1122 Junior Member Join Date: 11/30/2006 | Posts: 2...
""''''''"
  11/07/19
Never gets old
Guy Debord
  11/07/19
...
Big stuff. Deep State.
  11/07/19
...
''"'""''"""
  11/07/19
...
Hysterical bitchmade deepstate faggot
  11/07/19
...
'"'"'"''"
  11/07/19
"guys. This is not a "normal" field report bu...
""''''''"
  11/07/19
jjc1122 Reply #7 on: March 21, 2012, 07:03:06 am http://...
''"'""''"""
  11/07/19
This is the key reason that trump reviles people like Bezos,...
Richard "Richie" Aprile Sr.
  11/07/19
At least he doesn't repeatedly blank bump his own poasts
.;:..;:.;.:.;.,,,..,.:,.;....;,;;;..;,..,
  11/07/19
Correct. Trump is not impressive compared to those titans. H...
,,,.,,,,;.,.,::;,,;..,,::.,.,,..:,:,.:..:,..:.::,
  11/07/19
you look like an incel dork on that boat you're gonna be me...
""''''''"
  11/07/19
are we doing the lil donald thing again? aren’t you li...
''"'""''"""
  11/07/19
and “objectively ugly”
Hysterical bitchmade deepstate faggot
  11/07/19
Hey man, I believe you’re 5’6”
Henry Aaron
  11/07/19
lil donald sure is fat!
Richard "Richie" Aprile Sr.
  11/07/19
LJL at putting cuban here
dha tux
  11/07/19
lol at the Cuban trolling you fucking dork loser
.,,,..,,...,.,.,:,:,,...,::,...,:,...:..,:.::,.
  11/08/19
trump’s father gave him 400mm during the 70s (accordin...
.....,,.....,,.....,,.................,,,
  11/07/19
Never mind all the contacts Daddy gave lil donald and other ...
Richard "Richie" Aprile Sr.
  11/07/19
Trump living rent free in the Obeezy Trump Tower
Hysterical bitchmade deepstate faggot
  11/07/19
agree he’s a scumbag. don’t agree he lacks any r...
.....,,.....,,.....,,.................,,,
  11/07/19
He isnt going scorched earth on china but he is admittedly b...
Richard "Richie" Aprile Sr.
  11/07/19
Dude, you make a girl kill herself. Maybe you need to look i...
Henry Aaron
  11/07/19
("Man" desperate for an internet feud with a stran...
Richard "Richie" Aprile Sr.
  11/07/19
Objectively though, isn't the way you treated that girl far ...
Henry Aaron
  11/07/19
("Man" desperate for an internet feud with a stran...
Richard "Richie" Aprile Sr.
  11/07/19
I just don't agree with what you did. Can you blame me?
Henry Aaron
  11/07/19
("Man" desperate for an internet feud with a stran...
Richard "Richie" Aprile Sr.
  11/07/19
Your shitposting is not going to bring her back!
Henry Aaron
  11/07/19
My wife is a smoke show much younger than me. You? MAF o...
Richard "Richie" Aprile Sr.
  11/07/19
Your wife is a smoke, not a smokeshow
Henry Aaron
  11/08/19
don't your people make millions in their 20s throwing balls ...
""''''''"
  11/07/19
my analysis is wrong then?
.....,,.....,,.....,,.................,,,
  11/07/19
was anyone indexing back then?
""''''''"
  11/07/19
nope but it’s still funny that his collective fuckery ...
.....,,.....,,.....,,.................,,,
  11/07/19
MFCR
,,,.,,,,;.,.,::;,,;..,,::.,.,,..:,:,.:..:,..:.::,
  11/07/19
how's that emba debt feeling
""''''''"
  11/07/19
His dad did not give him $400 million in the 70s. Trump came...
gibberish
  11/07/19
Even politifact shit on this
gibberish
  11/07/19
...
gibberish
  11/07/19
He's 50x richer than Trump and it would be funny to see Trum...
'"'"'"''"
  11/07/19
Trump fucked a lot more hotties
GOY GUN NUT
  11/08/19


Poast new message in this thread



Reply Favorite

Date: November 7th, 2019 5:32 PM
Author: ,,,.,,,,;.,.,::;,,;..,,::.,.,,..:,:,.:..:,..:.::,


Becoming a self-made multi-billionaire is far more difficult than winning POTUS.

(http://www.autoadmit.com/thread.php?thread_id=4378063&forum_id=2#39086538)



Reply Favorite

Date: November 7th, 2019 6:02 PM
Author: zoomer (uspo)

Date: February 29th, 2012 11:33 PM

Author: ,,,.,,,,;.,.,::;,,;..,,::.,.,,..:,:,.:..:,..:.::,

it's the program where you apply to HBS senior year in college and if accepted, you work for 2 years before entering HBS. in terms of selectivity and caliber of students, it has already surpassed yale law, harvard med, and harvard law.

http://www.autoadmit.com/thread.php?thread_id=1887111&forum_id=2#20088107

(http://www.autoadmit.com/thread.php?thread_id=4378063&forum_id=2#39086650)



Reply Favorite

Date: November 7th, 2019 7:03 PM
Author: '""''''"'



(http://www.autoadmit.com/thread.php?thread_id=4378063&forum_id=2#39086876)



Reply Favorite

Date: November 7th, 2019 7:31 PM
Author: Gender (select all that apply)



(http://www.autoadmit.com/thread.php?thread_id=4378063&forum_id=2#39086980)



Reply Favorite

Date: November 7th, 2019 10:25 PM
Author: ''''''"'"



(http://www.autoadmit.com/thread.php?thread_id=4378063&forum_id=2#39087773)



Reply Favorite

Date: November 7th, 2019 10:45 PM
Author: '""''''"'



(http://www.autoadmit.com/thread.php?thread_id=4378063&forum_id=2#39087866)



Reply Favorite

Date: November 8th, 2019 1:26 PM
Author: .,,,..,,...,.,.,:,:,,...,::,...,:,...:..,:.::,.


jfc

(http://www.autoadmit.com/thread.php?thread_id=4378063&forum_id=2#39089915)



Reply Favorite

Date: November 7th, 2019 5:35 PM
Author: Henry Aaron

J, if your dad knew this was your life what would he say?

(http://www.autoadmit.com/thread.php?thread_id=4378063&forum_id=2#39086544)



Reply Favorite

Date: November 7th, 2019 5:35 PM
Author: wagecuck who has lost the joie de vivre

Bloomberg has had a very impressive career.

Trump’s ascendency to POTUS is, objectively speaking, truly spectacular. Trump has set the curve.

(http://www.autoadmit.com/thread.php?thread_id=4378063&forum_id=2#39086548)



Reply Favorite

Date: November 7th, 2019 5:54 PM
Author: ""''''''"

jjc1122

Junior Member

Join Date: 11/30/2006 | Posts: 25

Hey guys. This is really embarrassing, but I want to be honest with my fellow PUA's. I just got back from a really classy lounge in Chicago and feel utterly demoralized. The night started well. Things went downhill when I spotted a tall blonde HB9.5 with two of her girlfriends and this short bald chubby guy. I approached her and asked an opinion opener I made up. She looked at me like I was a weirdo and told me to ask the guy. He then AMOG'ed me and made the girls laugh. I had no idea what to do; my knees started shaking, and I got nervous. I then talked to one of her friends. The conversation started reasonably well, but I ran out of things to say, and she just walked away. Today is one of those days when I so wish I was making 10 million a year or was a celebrity, so I can get those girls without breaking a sweat. A part of me even thought maybe I should leave the game and devote all my efforts to making a shitload of money. This weekend I plan on redeeming myself. Nonetheless, it really stings when your dream girl turns you away like a sack of feces.

JJC

"Prodigy"

Chicago, IL

jjc1122

Junior Member

Join Date: 11/30/2006 | Posts: 25

Thanks for the encouragement guys. I called in sick for work and feel a lot better. I think the trap I fell into last night is what Tyler calls the "dancing-monkey" stage, where you just want to entertain the girls. I was trying too hard to make them laugh. This is an issue I've been struggling with big time. How do you develop attraction without falling into that "dancing monkey" frame?

JJC

"Prodigy"

Chicago, IL

(http://www.autoadmit.com/thread.php?thread_id=4378063&forum_id=2#39086618)



Reply Favorite

Date: November 7th, 2019 5:56 PM
Author: Guy Debord

Never gets old

(http://www.autoadmit.com/thread.php?thread_id=4378063&forum_id=2#39086625)



Reply Favorite

Date: November 7th, 2019 6:07 PM
Author: Big stuff. Deep State.



(http://www.autoadmit.com/thread.php?thread_id=4378063&forum_id=2#39086681)



Reply Favorite

Date: November 7th, 2019 6:12 PM
Author: ''"'""''"""



(http://www.autoadmit.com/thread.php?thread_id=4378063&forum_id=2#39086703)



Reply Favorite

Date: November 7th, 2019 6:23 PM
Author: Hysterical bitchmade deepstate faggot



(http://www.autoadmit.com/thread.php?thread_id=4378063&forum_id=2#39086732)



Reply Favorite

Date: November 7th, 2019 7:23 PM
Author: '"'"'"''"



(http://www.autoadmit.com/thread.php?thread_id=4378063&forum_id=2#39086949)



Reply Favorite

Date: November 7th, 2019 6:09 PM
Author: ""''''''"

"guys. This is not a "normal" field report but thought I should post it. Anyways, I was really bored and stressed today after work, and since I had cash to spend, I decided to see an escort. She was a blonde HB9 with big tits and a firm tanned body, just the way I like them. She used to be in pornos before becoming a professional escort.

Right before I went to her apartment, I remembered reading about some PUA's who game escorts for fun. At first, I thought it was absurd and impossible. But for some reason, I decided to game this chick. From the moment I saw her, I played it cool and talked to her like I would to a girl at a club. She was a bit taken aback at first and then got more comfortable with it. After the sex, she kept talking to me, and started opening up. When I asked her if she was going out this weekend, her face lit up and said we should meet up. Instead of displaying excitement, I was completely nonreactive and casually mentioned I have to attend a company party on Saturday. We then talked a bit more. Finally, before leaving, I told her I'll give her a ring on Friday so we can hang out. She gladly agreed that would be a good idea.

I'm pretty nervous about the day 2 because her hot girlfriends will also be there, and I feel enormous pressure to be "cool." I was super confident towards her, so I can't let my old AFC self show up. However, I'm still excited about the potential opportunities."

JJC1122

"Prodigy"

Chicago, IL

(http://www.autoadmit.com/thread.php?thread_id=4378063&forum_id=2#39086689)



Reply Favorite

Date: November 7th, 2019 6:13 PM
Author: ''"'""''"""

jjc1122

Reply #7 on: March 21, 2012, 07:03:06 am

http://theperfectboobs.net/index.php?topic=8539.0

Saw sila earlier tonight. Was disappointed with the experience. She has a great body: nice tan, toned stomach, awesome butt. The boobs were way too hard though; it felt like i was touching rocks. But more importantly, it was not GFE at all. She did NOT deep-french kiss me, and after a few minutes she would ask, "so which position do you want to do next?" It felt too much like a business transaction in which she was just trying to get it out of the way. And then the talk after we finished was awkward and contrived. Not to sound arrogant, but as an ivy league alum, i just don't have much in common with her, so the after-sex conversation felt weird.

Overall, sila is a 8 in the looks department, but the experience was no higher than a 6. I'm quite frankly shocked that her reviews on eroticreview are so high.



(http://www.autoadmit.com/thread.php?thread_id=4378063&forum_id=2#39086707)



Reply Favorite

Date: November 7th, 2019 6:14 PM
Author: Richard "Richie" Aprile Sr.

This is the key reason that trump reviles people like Bezos, Cuban and Bloomberg.

They are self made while trump is a con artist who inherited his fortune. Lil donald knows this and it makes him feel insecure so he lashes out like a big chubby angry babby.

(http://www.autoadmit.com/thread.php?thread_id=4378063&forum_id=2#39086708)



Reply Favorite

Date: November 7th, 2019 6:15 PM
Author: .;:..;:.;.:.;.,,,..,.:,.;....;,;;;..;,..,


At least he doesn't repeatedly blank bump his own poasts

(http://www.autoadmit.com/thread.php?thread_id=4378063&forum_id=2#39086714)



Reply Favorite

Date: November 7th, 2019 6:18 PM
Author: ,,,.,,,,;.,.,::;,,;..,,::.,.,,..:,:,.:..:,..:.::,


Correct. Trump is not impressive compared to those titans. He also has an objective IQ of 90-100.

(http://www.autoadmit.com/thread.php?thread_id=4378063&forum_id=2#39086717)



Reply Favorite

Date: November 7th, 2019 6:20 PM
Author: ""''''''"

you look like an incel dork on that boat

you're gonna be megapoasting here into your 40's

(http://www.autoadmit.com/thread.php?thread_id=4378063&forum_id=2#39086723)



Reply Favorite

Date: November 7th, 2019 6:19 PM
Author: ''"'""''"""

are we doing the lil donald thing again? aren’t you like 5’6”?

(http://www.autoadmit.com/thread.php?thread_id=4378063&forum_id=2#39086722)



Reply Favorite

Date: November 7th, 2019 6:23 PM
Author: Hysterical bitchmade deepstate faggot

and “objectively ugly”

(http://www.autoadmit.com/thread.php?thread_id=4378063&forum_id=2#39086733)



Reply Favorite

Date: November 7th, 2019 6:58 PM
Author: Henry Aaron

Hey man, I believe you’re 5’6”

(http://www.autoadmit.com/thread.php?thread_id=4378063&forum_id=2#39086861)



Reply Favorite

Date: November 7th, 2019 7:20 PM
Author: Richard "Richie" Aprile Sr.

lil donald sure is fat!

(http://www.autoadmit.com/thread.php?thread_id=4378063&forum_id=2#39086938)



Reply Favorite

Date: November 7th, 2019 8:00 PM
Author: dha tux ( )

LJL at putting cuban here

(http://www.autoadmit.com/thread.php?thread_id=4378063&forum_id=2#39087093)



Reply Favorite

Date: November 8th, 2019 1:28 PM
Author: .,,,..,,...,.,.,:,:,,...,::,...,:,...:..,:.::,.


lol at the Cuban trolling you fucking dork loser

(http://www.autoadmit.com/thread.php?thread_id=4378063&forum_id=2#39089921)



Reply Favorite

Date: November 7th, 2019 6:18 PM
Author: .....,,.....,,.....,,.................,,,


trump’s father gave him 400mm during the 70s (according to nyt but still)

had he plowed it into the s&p, he’d be worth $11.9 billion today. his collective activities yield him a current net worth of $1-3 billion instead.

this is especially funny considering his focus was nyc commercial real estate - passively investing in that should’ve made him like 100x or something

pretty impressive imo

(http://www.autoadmit.com/thread.php?thread_id=4378063&forum_id=2#39086719)



Reply Favorite

Date: November 7th, 2019 6:22 PM
Author: Richard "Richie" Aprile Sr.

Never mind all the contacts Daddy gave lil donald and other advantages he had.

Plus all the money he made from being a dumb fuck reality tv star or defrauding lenders or defrauding contractors.

He really is a scumbag from top to bottom. Zero redeeming qualities.

(http://www.autoadmit.com/thread.php?thread_id=4378063&forum_id=2#39086729)



Reply Favorite

Date: November 7th, 2019 6:25 PM
Author: Hysterical bitchmade deepstate faggot

Trump living rent free in the Obeezy Trump Tower

(http://www.autoadmit.com/thread.php?thread_id=4378063&forum_id=2#39086738)



Reply Favorite

Date: November 7th, 2019 6:26 PM
Author: .....,,.....,,.....,,.................,,,


agree he’s a scumbag. don’t agree he lacks any redeeming qualities. for starters he’s hilarious. he’s also probably right for going scorched earth on china and i generally appreciate his disdain for stale diplomatic/procedural norms

(http://www.autoadmit.com/thread.php?thread_id=4378063&forum_id=2#39086746)



Reply Favorite

Date: November 7th, 2019 7:20 PM
Author: Richard "Richie" Aprile Sr.

He isnt going scorched earth on china but he is admittedly better on that issue than 95% of pols.

He will cave for an election year boost tho.

(http://www.autoadmit.com/thread.php?thread_id=4378063&forum_id=2#39086936)



Reply Favorite

Date: November 7th, 2019 7:00 PM
Author: Henry Aaron

Dude, you make a girl kill herself. Maybe you need to look in the mirror to find the real scumbag

(http://www.autoadmit.com/thread.php?thread_id=4378063&forum_id=2#39086868)



Reply Favorite

Date: November 7th, 2019 7:19 PM
Author: Richard "Richie" Aprile Sr.

("Man" desperate for an internet feud with a stranger)

(http://www.autoadmit.com/thread.php?thread_id=4378063&forum_id=2#39086933)



Reply Favorite

Date: November 7th, 2019 7:21 PM
Author: Henry Aaron

Objectively though, isn't the way you treated that girl far worse than anything Trump did? You treated a girl so poorly she killed herself!

(http://www.autoadmit.com/thread.php?thread_id=4378063&forum_id=2#39086939)



Reply Favorite

Date: November 7th, 2019 7:22 PM
Author: Richard "Richie" Aprile Sr.

("Man" desperate for an internet feud with a stranger)

(http://www.autoadmit.com/thread.php?thread_id=4378063&forum_id=2#39086944)



Reply Favorite

Date: November 7th, 2019 7:25 PM
Author: Henry Aaron

I just don't agree with what you did. Can you blame me?

(http://www.autoadmit.com/thread.php?thread_id=4378063&forum_id=2#39086959)



Reply Favorite

Date: November 7th, 2019 7:27 PM
Author: Richard "Richie" Aprile Sr.

("Man" desperate for an internet feud with a stranger)

(http://www.autoadmit.com/thread.php?thread_id=4378063&forum_id=2#39086963)



Reply Favorite

Date: November 7th, 2019 7:31 PM
Author: Henry Aaron

Your shitposting is not going to bring her back!

(http://www.autoadmit.com/thread.php?thread_id=4378063&forum_id=2#39086981)



Reply Favorite

Date: November 7th, 2019 10:27 PM
Author: Richard "Richie" Aprile Sr.

My wife is a smoke show much younger than me.

You? MAF on the internet 24/7 trying to pick fights with strangers 😂😂😂

(http://www.autoadmit.com/thread.php?thread_id=4378063&forum_id=2#39087781)



Reply Favorite

Date: November 8th, 2019 10:04 AM
Author: Henry Aaron

Your wife is a smoke, not a smokeshow

(http://www.autoadmit.com/thread.php?thread_id=4378063&forum_id=2#39089032)



Reply Favorite

Date: November 7th, 2019 6:23 PM
Author: ""''''''"

don't your people make millions in their 20s throwing balls and end up broke

(http://www.autoadmit.com/thread.php?thread_id=4378063&forum_id=2#39086734)



Reply Favorite

Date: November 7th, 2019 6:24 PM
Author: .....,,.....,,.....,,.................,,,


my analysis is wrong then?

(http://www.autoadmit.com/thread.php?thread_id=4378063&forum_id=2#39086737)



Reply Favorite

Date: November 7th, 2019 6:27 PM
Author: ""''''''"

was anyone indexing back then?

(http://www.autoadmit.com/thread.php?thread_id=4378063&forum_id=2#39086754)



Reply Favorite

Date: November 7th, 2019 6:29 PM
Author: .....,,.....,,.....,,.................,,,


nope but it’s still funny that his collective fuckery (eg trump steaks) failed to beat the stock market by this much

(http://www.autoadmit.com/thread.php?thread_id=4378063&forum_id=2#39086762)



Reply Favorite

Date: November 7th, 2019 6:25 PM
Author: ,,,.,,,,;.,.,::;,,;..,,::.,.,,..:,:,.:..:,..:.::,


MFCR

(http://www.autoadmit.com/thread.php?thread_id=4378063&forum_id=2#39086740)



Reply Favorite

Date: November 7th, 2019 6:38 PM
Author: ""''''''"

how's that emba debt feeling

(http://www.autoadmit.com/thread.php?thread_id=4378063&forum_id=2#39086805)



Reply Favorite

Date: November 7th, 2019 7:10 PM
Author: gibberish

His dad did not give him $400 million in the 70s. Trump came on and controlled part of his father's assets but it's not like it was some suitcase full of cash. His dad didn't even die until the late 90s. You could cherry pick a lot of dates for when a company should have liquidated their assets and dumped them in the market and gotten better results.

(http://www.autoadmit.com/thread.php?thread_id=4378063&forum_id=2#39086892)



Reply Favorite

Date: November 7th, 2019 7:30 PM
Author: gibberish
Subject: Even politifact shit on this

Donald Trump is a billionaire and he plays it up big in his bid to be president. What he did in business, he argues, he can do for the country.

Republican and Democratic critics aim to shoot holes in that assumption. One tack is that Trump hasn’t been the super savvy investor he purports to be.

The liberal group Occupy Democrats posted an image on its Facebook page on Dec. 2, 2015, to bring Trump down a notch or 10. Under a smiling photo of Trump, the image has these words:

"Bloomberg puts Trump’s current net worth at $2.9 billion. ... If Trump had just put his father’s money in a mutual fund that tracked the S&P 500 and spent his career finger-painting, he’d have $8 billion."

The source, included in the post, is Deborah Friedell with the London Review of Books.

As it turns out, the graphic from Occupy Democrats did a fine job of quoting Friedell, but Friedell did a less than stellar job of quoting the source for her claim.

Friedell’s words come from her review of a new biography of Donald Trump, Never Enough: Donald Trump and the Pursuit of Success by Michael D’Antonio. Here’s the full text relevant to this fact-check:

"Bloomberg puts Trump’s current net worth at $2.9 billion, Forbes at $4.1 billion. The National Journal has worked out that if Trump had just put his father’s money in a mutual fund that tracked the S&P 500 and spent his career finger-painting, he’d have $8 billion."

But if you read the National Journal story, it doesn’t directly tie whatever money Trump got from his father to an eventual $8 billion today. Here’s the key paragraph from a Sept. 2, 2015, article headlined "The 1 Easy Way Donald Trump Could Have Been Even Richer: Doing Nothing."

"Had the celebrity busi­ness­man and Re­pub­lic­an pres­id­en­tial can­did­ate in­ves­ted his even­tu­al share of his fath­er’s real-es­tate com­pany in­to a mu­tu­al fund of S&P 500 stocks in 1974, it would be worth nearly $3 bil­lion today, thanks to the mar­ket’s per­form­ance over the past four dec­ades. If he’d in­ves­ted the $200 mil­lion that For­bes magazine de­term­ined he was worth in 1982 in­to that in­dex fund, it would have grown to more than $8 bil­lion today."

There’s a bit of informed guesswork behind these numbers because outsiders can only know so much about Trump’s finances. The National Journal writer, S.V. Dáte, figured Trump started with $40 million in 1974. That’s the year he became president of his father’s real estate company. By one estimate, the firm was worth about $200 million and divided among Donald Trump and his four siblings, each would have received $40 million.

But it’s not as though the company was liquidated that year. Trump’s father lived until 1999, so whatever happened, it’s more complicated than Trump receiving a cash inheritance in 1974 and deciding what he would do with it.

We’re left with a question of how much money Trump got from his father and, most important, at what point those assets morphed from being his father’s to being his.

In 1982, after running his father’s firm for eight years, Forbes magazine estimated Trump’s worth at $200 million. Since he was in charge of the company, then those dollars are more his than his father’s. The Journal article tiptoed around this uncertainty with careful phrasing. The author talked about Trump investing "his eventual share of his father’s real estate company." An eventual share is not cash in hand.

Similarly, the article did not say that the estimated $200 million in 1982 was from Trump’s father. Dáte told us in his view, that truly was Trump's money because the real estate company was worth more than that. Dáte said he didn't really care what the status of the assets was.

"I just wanted to get to the point of saying that given the amount of money he started with, to be a billionaire — it's not too hard," Dáte said. "I worded it as carefully as I did because there are a lot of uncertainties."

Importantly, if the $200 million did not come from Trump's father, then you can't say that the father's money could have been worth $8 billion today.

But the Occupy Democrats’ Facebook post took a paraphrase of the National Journal piece and then edited the paraphrase down to the text on the image. Occupy Democrats editor Omar Rivero didn’t defend the graphic he shared. Rivero said his group occasionally shares graphics made by others.

"As you can see in the post description and in the watermark, this graphic was made by Santa Pegatina, a political graphics maker," Rivero said.

The best summary of the National Journal article is that it presents a hypothetical investment scenario using numbers that have some basis in the value of the Trump holdings, but aren’t necessarily what Trump got directly from his father.

Running the numbers

Even if the underlying assumptions are dodgy, the math at least is in the ballpark.

We used $40 million as the starting point for 1974. Honghui Chen, associate professor of finance at the University of Central Florida, told us the account would have grown to $3.94 billion by November 2015 if the money had followed the S&P 500 index and all dividends had been reinvested.

This is a rough calculation that ignores taxes owed on dividends, but it’s on the same scale as what the National Journal reported.

Chen said it’s trickier to calculate the value of $200 million invested in 1982.

"Because the stock market in 1982 was quite volatile, the current value of $200 million investment in 1982 would depend on the time at which it was initially invested," Chen said.

If it went in right at the end of 1981, it would be worth $6.7 billion. Invested in June 1982, the value today would be $8.3 billion. Invested at the end of 1982, it would be worth $9 billion. Again, in the neighborhood of what the Journal said.

There is a huge debate over Trump’s current net worth. Estimates from outsiders, such as Bloomberg and Forbes, range from about $3 billion to about $4 billion. Trump says he has closer to $9 billion.

Our ruling

Occupy Democrats shared an image that said if Trump had taken the money he got from his father and simply put it in a fund that tracked the S&P 500, he’d have $8 billion today. While it's true that Trump got a leg up from his father on the order of many tens of millions of dollars, this specific claim suffers from a key flaw.

The only way to hit the $8 billion mark is to start with $200 million in 1982, and it's wrong to say that was Trump's father's money. While the father's business put Trump on the path to have $200 million in 1982, Trump himself had been running the company for eight years.

We rate this claim False.

(http://www.autoadmit.com/thread.php?thread_id=4378063&forum_id=2#39086976)



Reply Favorite

Date: November 7th, 2019 10:13 PM
Author: gibberish



(http://www.autoadmit.com/thread.php?thread_id=4378063&forum_id=2#39087696)



Reply Favorite

Date: November 7th, 2019 6:27 PM
Author: '"'"'"''"

He's 50x richer than Trump and it would be funny to see Trump MAF about it during a campaign.

(http://www.autoadmit.com/thread.php?thread_id=4378063&forum_id=2#39086753)



Reply Favorite

Date: November 8th, 2019 1:29 PM
Author: GOY GUN NUT

Trump fucked a lot more hotties

(http://www.autoadmit.com/thread.php?thread_id=4378063&forum_id=2#39089926)