Quote
Originally posted by: forkushV
You have a couple of publications confused with each other.
Fortune is the one that says Trump is a loser businessman.
Forbes is the one that says Trump is a huge liar about his wealth.
You are the one that says both must be wrong.
There, I'm glad I cleared that up!
Originally posted by: forkushV
You have a couple of publications confused with each other.
Fortune is the one that says Trump is a loser businessman.
Forbes is the one that says Trump is a huge liar about his wealth.
You are the one that says both must be wrong.
There, I'm glad I cleared that up!
It appears that Fortune is just quoting an AP article. So I'm not sure how they even enter the conversation since they had no hand in the analysis...An interesting fact is that although Fortune only summarized the AP results, I can't find the original AP story. I can find literally hundreds of (mostly left leaning) web sites that have quoted the Fortune article. Did this go out in the regular Donald Trump opposition research packet or something?
So you want to use 'Forbes' as your go-to source for the wealth of Donald Trump? You want to use beating the S&P 500 as a measure of business success? Alrighty then...we have the technology to do that.
In 1998 Forbes valued Trump's Empire at 1.5 Billion (He valued it at 5 billion)
In 2016 Forbes valued Trump's Empire at 4.0 Billion (He valued it at 10 + billion)
If we use Forbes Estimates....During the last 18 years Trump grew his wealth...increasing it by 166%
If we use Trump's Estimates..During the last 18 years Trump grew his wealth...increasing it by 100%
During the same timeframe the S&P 500 Index grew from around 1248 to around 1918. An Increase of 53%
Loser businessman? Only if you were to do something completely dishonest....Like taking Trump's beginning number of $5 Billion and compare it to Forbes ending number of $4 Billion.....You know...Like the bullshit you were trying to pull.
But hey...My point was not to prove Trump is the world's greatest businessman. He is not. I'm only pointing out the questionable analysis you're presenting as proof of Trumps lack business success. It really proves nothing at all.
And if you want to have fun with ginned up statistics at home, just use Forbes assessment of Trump's wealth in 1999. They pegged it at -900 million. If you calculate the wealth increase percent from there, he will look like the goose that laid golden eggs....by the metric ton.
So you want to use 'Forbes' as your go-to source for the wealth of Donald Trump? You want to use beating the S&P 500 as a measure of business success? Alrighty then...we have the technology to do that.
In 1998 Forbes valued Trump's Empire at 1.5 Billion (He valued it at 5 billion)
In 2016 Forbes valued Trump's Empire at 4.0 Billion (He valued it at 10 + billion)
If we use Forbes Estimates....During the last 18 years Trump grew his wealth...increasing it by 166%
If we use Trump's Estimates..During the last 18 years Trump grew his wealth...increasing it by 100%
During the same timeframe the S&P 500 Index grew from around 1248 to around 1918. An Increase of 53%
Loser businessman? Only if you were to do something completely dishonest....Like taking Trump's beginning number of $5 Billion and compare it to Forbes ending number of $4 Billion.....You know...Like the bullshit you were trying to pull.
But hey...My point was not to prove Trump is the world's greatest businessman. He is not. I'm only pointing out the questionable analysis you're presenting as proof of Trumps lack business success. It really proves nothing at all.
And if you want to have fun with ginned up statistics at home, just use Forbes assessment of Trump's wealth in 1999. They pegged it at -900 million. If you calculate the wealth increase percent from there, he will look like the goose that laid golden eggs....by the metric ton.
