CDZ What kind of money maker is Trump

[Toronado3800]

Continuing my current fascination with the man.

From what I understand and please correct me:

Donald Trump inherited a good amount of money from his father, something greater than 40 million dollars. Over a few decades and in flashy style he turned it into several billion dollars.

Donald survived a bankruptcy like event in the early 90's.

What did Trump do well to earn soo much money?

After watching the economic collapse last decade I am skeptical of realestate folks. How did Donald survive it?

 

[Kat]

According to what I read or heard him say, or someone say his dad gave him 1 million. He went from there.

"people" are trying to say it was 200 million, and he said that is a lie.

 

[320 Years of History]

Continuing my current fascination with the man.

From what I understand and please correct me:

Donald Trump inherited a good amount of money from his father, something greater than 40 million dollars. Over a few decades and in flashy style he turned it into several billion dollars.

Donald survived a bankruptcy like event in the early 90's.

What did Trump do well to earn soo much money?

After watching the economic collapse last decade I am skeptical of realestate folks. How did Donald survive it?

In just a few words, licencing deals, entertainment, and federal subsidies.

• The real reason Donald Trump is so rich
  
• Trump’s Business Success Is More Than Marginal
  
• Donald Trump's 5 Biggest Successes -- The Motley Fool
  
• The myth and the reality of Donald Trump’s business empire

Coming into $40M didn't hurt with getting him started. He's proof positive that, one way or another, the rich generally only get richer.

 

[Kat]

Coming into $40M didn't hurt with getting him started. He's proof positive that, one way or another, the rich generally only get richer

And there is nothing wrong with that. They do it off their own money, right?

 

[Kat]

Plus, who is going to provide jobs for others? Poor men?

 

[320 Years of History]

According to what I read or heard him say, or someone say his dad gave him 1 million. He went from there.

"people" are trying to say it was 200 million, and he said that is a lie.

Dude, when did his father give him a million dollars? It was some 40 or 50 years ago. If someone gave you a million dollars then, do you think you'd be very rich by now? Heck, back then you were quite rich if you had a million dollars.

If my father were to have given me a cool mil in 1981 when I graduated from college, I think I could have turned it into half a billion at least by now. When Mr. Trump got his first million from Fred Trump when a million was an insanely huge sum. To put it in perspective, it'd be like you giving your young adult son ~$6M today and telling him he's on his own to make it. Do you think he would? Would you were that your circumstance? I should hope so. Many others have "made it" starting with far less and many in the future will continue to do so.

Remember that in the realm of having "made it," it takes considerably more to make a meaningful difference in one's life than it does before one's "made it." For example, though a $20M guy is worth only half as much as a $40M guy, they don't live substantially different lifestyles. The $100M guy, however, does (or at least can if he wants to) live a very different lifestyle from either of them. Now change those "Ms" to "Ks" and it's a totally different story.

 

[320 Years of History]

Coming into $40M didn't hurt with getting him started. He's proof positive that, one way or another, the rich generally only get richer

And there is nothing wrong with that. They do it off their own money, right?

Not at all suggesting there's something wrong with it. Just trying to interject a bit of perspective.

 

[Boss]

When Donald Trump was in college, his father gave him $1 million to purchase an apartment complex. He sold the complex 10 years later for $10 million. He has since had much more lucrative deals but that was where he got his start. He did inherit his father's assets upon his passing, as do most children, and it was a considerable amount but Trump was already very wealthy by then.

He did not "survive bankruptcy" at any time, personally. He chose to use bankruptcy laws four times to liquidate corporate assets. In one case, he literally bought a company one week, reviewed the books and filed for bankruptcy the next week. Business people use the bankruptcy law all the time to their advantage... it's not as "negative" as it sounds to us laymen.

Donald survived the economic collapse in Atlantic City by getting out while the getting was good. He sold his casino assets there because he saw the writing on the wall ahead of most. That's what you see a pattern of with Trump. He stays a step or two ahead of the game, as do most very successful people. This is why it's just patently boneheaded stupid to think you can ever "punish" the rich. You're just not smart enough or fast enough to do it... they are always a couple steps ahead of anything you try. By the time you implement whatever governmental scheme you come up with, they have already checked out. Who you end up hurting the most are those who are trying to gain an edge and become wealthy. They get caught in the cracks and left holding the bag.

Trump has had some failures... this happens sometimes when you're wheeling and dealing in the kinds of money deals he makes. But failure doesn't really bother successful people. They take it in stride and move on to the next deal. They don't face a failure by curling up in the fetal position and turning themselves into helpless victims. People like this do not listen to the negativity of others... when someone says.. Oh, you can never do that... or You can't make that happen... that's just a challenge to them. They don't take it to heart. You'd be very surprised at how many times they defy all odds and make things happen because they simply had the vision to make it happen regardless of the naysayers. It's 95% attitude.

I posted recently about my latest venture. I am happily retired but I like to stay busy... I had the opportunity to purchase a couple of old buildings in the "downtown" section of a small little ghost town where nothing was happening in terms of commerce. I traded some stock which will reach maturity next year and be worth about $20k. So I own these two old buildings outright... now what to do with them? I had some other deals going on the barter exchange and I ended up with about $10k worth of restaurant equipment, so I decided to open a Bistro. Now, I cannot tell you how many people looked at me as if I were crazy.. A bistro, in THIS economy? In a Podunk little dead town? YES! And I am going to serve upscale French, Italian and German cuisine!

Next month will be a year since I purchased the buildings and the bistro has been open for a few months. We're doing great business... around $2k per day, maybe a little more on weekends. There's no place else to go, nothing else to do there. We're the big fish in a little pond. People are coming in from 50-60 miles away because they've heard about us. We just hired an executive chef. We're getting 5-star reviews. In the second building (next door) I put, inside the building, an old trolley car. It's a small intimate music hall where we feature live music and host events. We got included in the National Dinning Car Registry and we've been getting people from all over coming in... we're about a mile off the interstate.

Last week, I had an offer to buy the place for $175k. I've not decided if I am going to sell or not... the point is, where would I have been if I had followed conventional wisdom? If I had listened to the naysayers who said it would never fly? We're across the street from the railroad tracks, a train comes blowing through about every 20 minutes... people love it! We can't serve alcohol, it's a dry county... but people flock to our place to listen to live music... again, there is nowhere else to go. We serve Irish coffee and artisan deserts... people love it!

 

[Kat]

Dude

LOL Sorry, I am not a dude.

 

[Toronado3800]

When Donald Trump was in college, his father gave him $1 million to purchase an apartment complex. He sold the complex 10 years later for $10 million. He has since had much more lucrative deals but that was where he got his start. He did inherit his father's assets upon his passing, as do most children, and it was a considerable amount but Trump was already very wealthy by then.

He did not "survive bankruptcy" at any time, personally. He chose to use bankruptcy laws four times to liquidate corporate assets. In one case, he literally bought a company one week, reviewed the books and filed for bankruptcy the next week. Business people use the bankruptcy law all the time to their advantage... it's not as "negative" as it sounds to us laymen.

Donald survived the economic collapse in Atlantic City by getting out while the getting was good. He sold his casino assets there because he saw the writing on the wall ahead of most. That's what you see a pattern of with Trump. He stays a step or two ahead of the game, as do most very successful people. This is why it's just patently boneheaded stupid to think you can ever "punish" the rich. You're just not smart enough or fast enough to do it... they are always a couple steps ahead of anything you try. By the time you implement whatever governmental scheme you come up with, they have already checked out. Who you end up hurting the most are those who are trying to gain an edge and become wealthy. They get caught in the cracks and left holding the bag.

Trump has had some failures... this happens sometimes when you're wheeling and dealing in the kinds of money deals he makes. But failure doesn't really bother successful people. They take it in stride and move on to the next deal. They don't face a failure by curling up in the fetal position and turning themselves into helpless victims. People like this do not listen to the negativity of others... when someone says.. Oh, you can never do that... or You can't make that happen... that's just a challenge to them. They don't take it to heart. You'd be very surprised at how many times they defy all odds and make things happen because they simply had the vision to make it happen regardless of the naysayers. It's 95% attitude.

I posted recently about my latest venture. I am happily retired but I like to stay busy... I had the opportunity to purchase a couple of old buildings in the "downtown" section of a small little ghost town where nothing was happening in terms of commerce. I traded some stock which will reach maturity next year and be worth about $20k. So I own these two old buildings outright... now what to do with them? I had some other deals going on the barter exchange and I ended up with about $10k worth of restaurant equipment, so I decided to open a Bistro. Now, I cannot tell you how many people looked at me as if I were crazy.. A bistro, in THIS economy? In a Podunk little dead town? YES! And I am going to serve upscale French, Italian and German cuisine!

Next month will be a year since I purchased the buildings and the bistro has been open for a few months. We're doing great business... around $2k per day, maybe a little more on weekends. There's no place else to go, nothing else to do there. We're the big fish in a little pond. People are coming in from 50-60 miles away because they've heard about us. We just hired an executive chef. We're getting 5-star reviews. In the second building (next door) I put, inside the building, an old trolley car. It's a small intimate music hall where we feature live music and host events. We got included in the National Dinning Car Registry and we've been getting people from all over coming in... we're about a mile off the interstate.

Last week, I had an offer to buy the place for $175k. I've not decided if I am going to sell or not... the point is, where would I have been if I had followed conventional wisdom? If I had listened to the naysayers who said it would never fly? We're across the street from the railroad tracks, a train comes blowing through about every 20 minutes... people love it! We can't serve alcohol, it's a dry county... but people flock to our place to listen to live music... again, there is nowhere else to go. We serve Irish coffee and artisan deserts... people love it!

From how I understand it bankruptcy is using big government to protect you from debt collectors in various ways, business or individual. I am FOR it as an alternative to a less stable economy. I do not see how any Tea Party like Republicans are for the massive welfare program bankruptcy courts are though. I don't know what parts of bankruptcy I could misunderstand...

 

[Jeddahite]

Trump says he imports temporary foreign workers for "short time jobs" yet he's against immigration and wants to create jobs for Americans. He says American workers don't want these "short time jobs". I'll bet if he asked the local building trades unions he could find some. He rails against China for beating us in trade deals and criticizes the TPP because of China. Yet China is not part of that trade deal. He has his ties made in China because, as he told Rubio, "you don't understand business." It sounds to me like Trump is saying, "Do as I say, not as I do."

 

[HenryBHough]

It does appear he worked hard to make that money. But of late it seems presidents make money with a printing press and I'm not sure he could meet that standard......

 

[320 Years of History]

Dude

LOL Sorry, I am not a dude.

Apologies. I didn't at all even look at your avatar. Please forgive my callous oversight. By way of explanation, not exculpation, I can only say that I used the word as an expression, not as a gender specific thing. Again, I'm sorry.

 

[Tehon]

When Donald Trump was in college, his father gave him $1 million to purchase an apartment complex. He sold the complex 10 years later for $10 million. He has since had much more lucrative deals but that was where he got his start. He did inherit his father's assets upon his passing, as do most children, and it was a considerable amount but Trump was already very wealthy by then.

He did not "survive bankruptcy" at any time, personally. He chose to use bankruptcy laws four times to liquidate corporate assets. In one case, he literally bought a company one week, reviewed the books and filed for bankruptcy the next week. Business people use the bankruptcy law all the time to their advantage... it's not as "negative" as it sounds to us laymen.

Donald survived the economic collapse in Atlantic City by getting out while the getting was good. He sold his casino assets there because he saw the writing on the wall ahead of most. That's what you see a pattern of with Trump. He stays a step or two ahead of the game, as do most very successful people. This is why it's just patently boneheaded stupid to think you can ever "punish" the rich. You're just not smart enough or fast enough to do it... they are always a couple steps ahead of anything you try. By the time you implement whatever governmental scheme you come up with, they have already checked out. Who you end up hurting the most are those who are trying to gain an edge and become wealthy. They get caught in the cracks and left holding the bag.

Trump has had some failures... this happens sometimes when you're wheeling and dealing in the kinds of money deals he makes. But failure doesn't really bother successful people. They take it in stride and move on to the next deal. They don't face a failure by curling up in the fetal position and turning themselves into helpless victims. People like this do not listen to the negativity of others... when someone says.. Oh, you can never do that... or You can't make that happen... that's just a challenge to them. They don't take it to heart. You'd be very surprised at how many times they defy all odds and make things happen because they simply had the vision to make it happen regardless of the naysayers. It's 95% attitude.

I posted recently about my latest venture. I am happily retired but I like to stay busy... I had the opportunity to purchase a couple of old buildings in the "downtown" section of a small little ghost town where nothing was happening in terms of commerce. I traded some stock which will reach maturity next year and be worth about $20k. So I own these two old buildings outright... now what to do with them? I had some other deals going on the barter exchange and I ended up with about $10k worth of restaurant equipment, so I decided to open a Bistro. Now, I cannot tell you how many people looked at me as if I were crazy.. A bistro, in THIS economy? In a Podunk little dead town? YES! And I am going to serve upscale French, Italian and German cuisine!

Next month will be a year since I purchased the buildings and the bistro has been open for a few months. We're doing great business... around $2k per day, maybe a little more on weekends. There's no place else to go, nothing else to do there. We're the big fish in a little pond. People are coming in from 50-60 miles away because they've heard about us. We just hired an executive chef. We're getting 5-star reviews. In the second building (next door) I put, inside the building, an old trolley car. It's a small intimate music hall where we feature live music and host events. We got included in the National Dinning Car Registry and we've been getting people from all over coming in... we're about a mile off the interstate.

Last week, I had an offer to buy the place for $175k. I've not decided if I am going to sell or not... the point is, where would I have been if I had followed conventional wisdom? If I had listened to the naysayers who said it would never fly? We're across the street from the railroad tracks, a train comes blowing through about every 20 minutes... people love it! We can't serve alcohol, it's a dry county... but people flock to our place to listen to live music... again, there is nowhere else to go. We serve Irish coffee and artisan deserts... people love it!

He chose to use bankruptcy laws four times to liquidate corporate assets.
This is inaccurate, he filed chapter 11 four times. He did not liquidate assets and pay off his debts, he had the debts restructured to bail his sorry ass out. And it's not like he had a choice, he was buried in debt that he could not otherwise pay back, debt that was largely the result of issuing junk bonds in the case of the Taj Mahal.

In one case, he literally bought a company one week, reviewed the books and filed for bankruptcy the next week.
? I must have missed that one, can you elaborate.

He sold his casino assets there because he saw the writing on the wall ahead of most.
He lost most of his casino assets in the four different chapter 11 processes.

That's what you see a pattern of with Trump. He stays a step or two ahead of the game, as do most very successful people.
I see a pattern alright but it isn't a good one. He started a mortgage company just as the housing bubble was about to pop. Genius.

Business people use the bankruptcy law all the time to their advantage... it's not as "negative" as it sounds to us laymen.
But the business person in question is running for the highest office in the land. To say that four chapter 11s in the span of 25 years is not a negative on the resume of someone who touts their business acumen as worthy of presidential consideration is a bit disingenuous. The case of the Taj Mahal on its own merit should raise alarm concerning Trump's intuitions.

 

[jwoodie]

What kind of money maker is Clinton?

a. Influence peddler

b. Extortionist

c. Thief of White House property

d. Money launderer through Clinton Foundation

e. Sell missile technology to China for campaign contributions

f. Cattle futures trader

g. Perjurer

h. Rent Lincoln Bedroom for campaign contributions

i. Endanger national security

j. Destruction of evidence

k. Obstruction of justice

l. Brilliant author?

 

[Toronado3800]

What kind of money maker is Clinton?

a. Influence peddler

b. Extortionist

c. Thief of White House property

d. Money launderer through Clinton Foundation

e. Sell missile technology to China for campaign contributions

f. Cattle futures trader

g. Perjurer

h. Rent Lincoln Bedroom for campaign contributions

i. Endanger national security

j. Destruction of evidence

k. Obstruction of justice

l. Brilliant author?

i will give you some sense of relavence I suppose. Tod Cruz or whoever is still running as a Republican probably feels slighted though

 

[Boss]

He did not "survive bankruptcy" at any time, personally. He chose to use bankruptcy laws four times to liquidate corporate assets. In one case, he literally bought a company one week, reviewed the books and filed for bankruptcy the next week. Business people use the bankruptcy law all the time to their advantage... it's not as "negative" as it sounds to us laymen.

From how I understand it bankruptcy is using big government to protect you from debt collectors in various ways, business or individual. I am FOR it as an alternative to a less stable economy. I do not see how any Tea Party like Republicans are for the massive welfare program bankruptcy courts are though. I don't know what parts of bankruptcy I could misunderstand...

Well you completely misunderstand bankruptcy and why we have bankruptcy laws. It's not "using big government" and has nothing to do with the size of government. It is a series of laws (corporate bankruptcy) which are designed to enable a business to restructure debt and rehabilitate the company as opposed to shutting down operations entirely. Now you say, well why should we cut them any breaks... greedy capitalist SOBs? And it's because, very often, there are investors tied to that company through stocks, retirement accounts, pensions, etc. They might be a part of your 401k. So if you didn't have this tool, the banks and financial institutions might virtually own your entire retirement nest egg by the time you retired... you probably wouldn't be too happy with that.

This always has to go before a court and involves a legal proceeding, it's not just doled out to anyone who demands it. There has to be specific steps taken and certain accounting done. It's not a welfare program, it's a limitation on liability that ensures economic stability for everyone involved. It's not a great thing, I wish less of it happened, but I had much rather it happen than for you and I to lose our entire retirement portfolio. And that IS the alternative.

 

[Agit8r]

He's the sort that is a villain in most classic western films.

 

[Boss]

When Donald Trump was in college, his father gave him $1 million to purchase an apartment complex. He sold the complex 10 years later for $10 million. He has since had much more lucrative deals but that was where he got his start. He did inherit his father's assets upon his passing, as do most children, and it was a considerable amount but Trump was already very wealthy by then.

He did not "survive bankruptcy" at any time, personally. He chose to use bankruptcy laws four times to liquidate corporate assets. In one case, he literally bought a company one week, reviewed the books and filed for bankruptcy the next week. Business people use the bankruptcy law all the time to their advantage... it's not as "negative" as it sounds to us laymen.

Donald survived the economic collapse in Atlantic City by getting out while the getting was good. He sold his casino assets there because he saw the writing on the wall ahead of most. That's what you see a pattern of with Trump. He stays a step or two ahead of the game, as do most very successful people. This is why it's just patently boneheaded stupid to think you can ever "punish" the rich. You're just not smart enough or fast enough to do it... they are always a couple steps ahead of anything you try. By the time you implement whatever governmental scheme you come up with, they have already checked out. Who you end up hurting the most are those who are trying to gain an edge and become wealthy. They get caught in the cracks and left holding the bag.

Trump has had some failures... this happens sometimes when you're wheeling and dealing in the kinds of money deals he makes. But failure doesn't really bother successful people. They take it in stride and move on to the next deal. They don't face a failure by curling up in the fetal position and turning themselves into helpless victims. People like this do not listen to the negativity of others... when someone says.. Oh, you can never do that... or You can't make that happen... that's just a challenge to them. They don't take it to heart. You'd be very surprised at how many times they defy all odds and make things happen because they simply had the vision to make it happen regardless of the naysayers. It's 95% attitude.

I posted recently about my latest venture. I am happily retired but I like to stay busy... I had the opportunity to purchase a couple of old buildings in the "downtown" section of a small little ghost town where nothing was happening in terms of commerce. I traded some stock which will reach maturity next year and be worth about $20k. So I own these two old buildings outright... now what to do with them? I had some other deals going on the barter exchange and I ended up with about $10k worth of restaurant equipment, so I decided to open a Bistro. Now, I cannot tell you how many people looked at me as if I were crazy.. A bistro, in THIS economy? In a Podunk little dead town? YES! And I am going to serve upscale French, Italian and German cuisine!

Next month will be a year since I purchased the buildings and the bistro has been open for a few months. We're doing great business... around $2k per day, maybe a little more on weekends. There's no place else to go, nothing else to do there. We're the big fish in a little pond. People are coming in from 50-60 miles away because they've heard about us. We just hired an executive chef. We're getting 5-star reviews. In the second building (next door) I put, inside the building, an old trolley car. It's a small intimate music hall where we feature live music and host events. We got included in the National Dinning Car Registry and we've been getting people from all over coming in... we're about a mile off the interstate.

Last week, I had an offer to buy the place for $175k. I've not decided if I am going to sell or not... the point is, where would I have been if I had followed conventional wisdom? If I had listened to the naysayers who said it would never fly? We're across the street from the railroad tracks, a train comes blowing through about every 20 minutes... people love it! We can't serve alcohol, it's a dry county... but people flock to our place to listen to live music... again, there is nowhere else to go. We serve Irish coffee and artisan deserts... people love it!

He chose to use bankruptcy laws four times to liquidate corporate assets.
This is inaccurate, he filed chapter 11 four times. He did not liquidate assets and pay off his debts, he had the debts restructured to bail his sorry ass out. And it's not like he had a choice, he was buried in debt that he could not otherwise pay back, debt that was largely the result of issuing junk bonds in the case of the Taj Mahal.

In one case, he literally bought a company one week, reviewed the books and filed for bankruptcy the next week.
? I must have missed that one, can you elaborate.

He sold his casino assets there because he saw the writing on the wall ahead of most.
He lost most of his casino assets in the four different chapter 11 processes.

That's what you see a pattern of with Trump. He stays a step or two ahead of the game, as do most very successful people.
I see a pattern alright but it isn't a good one. He started a mortgage company just as the housing bubble was about to pop. Genius.

Business people use the bankruptcy law all the time to their advantage... it's not as "negative" as it sounds to us laymen.
But the business person in question is running for the highest office in the land. To say that four chapter 11s in the span of 25 years is not a negative on the resume of someone who touts their business acumen as worthy of presidential consideration is a bit disingenuous. The case of the Taj Mahal on its own merit should raise alarm concerning Trump's intuitions.

Excuse me, I don't think you know what you're talking about. It seems you've gleaned your talking points from some left wing blog source as you've provided no links to anything credible. This is a CDZ forum, so you need to present some factual evidence with links to back up your statements. I understand you don't like Trump and want to spread as much negative propaganda about him as you can, but these forums have rules and are intended for intellectual discussion and not spewing left-wing propaganda.

Trump Taj Mahal - Wikipedia, the free encyclopedia

Here is a link to Trump's casino, now owned by Carl Icahn. It is no longer in Chapter 11. You can read about everything that happened there but it's nothing more than the results of a shitty economy and increased demands from organized labor.

 

[Tehon]

When Donald Trump was in college, his father gave him $1 million to purchase an apartment complex. He sold the complex 10 years later for $10 million. He has since had much more lucrative deals but that was where he got his start. He did inherit his father's assets upon his passing, as do most children, and it was a considerable amount but Trump was already very wealthy by then.

He did not "survive bankruptcy" at any time, personally. He chose to use bankruptcy laws four times to liquidate corporate assets. In one case, he literally bought a company one week, reviewed the books and filed for bankruptcy the next week. Business people use the bankruptcy law all the time to their advantage... it's not as "negative" as it sounds to us laymen.

Donald survived the economic collapse in Atlantic City by getting out while the getting was good. He sold his casino assets there because he saw the writing on the wall ahead of most. That's what you see a pattern of with Trump. He stays a step or two ahead of the game, as do most very successful people. This is why it's just patently boneheaded stupid to think you can ever "punish" the rich. You're just not smart enough or fast enough to do it... they are always a couple steps ahead of anything you try. By the time you implement whatever governmental scheme you come up with, they have already checked out. Who you end up hurting the most are those who are trying to gain an edge and become wealthy. They get caught in the cracks and left holding the bag.

Trump has had some failures... this happens sometimes when you're wheeling and dealing in the kinds of money deals he makes. But failure doesn't really bother successful people. They take it in stride and move on to the next deal. They don't face a failure by curling up in the fetal position and turning themselves into helpless victims. People like this do not listen to the negativity of others... when someone says.. Oh, you can never do that... or You can't make that happen... that's just a challenge to them. They don't take it to heart. You'd be very surprised at how many times they defy all odds and make things happen because they simply had the vision to make it happen regardless of the naysayers. It's 95% attitude.

I posted recently about my latest venture. I am happily retired but I like to stay busy... I had the opportunity to purchase a couple of old buildings in the "downtown" section of a small little ghost town where nothing was happening in terms of commerce. I traded some stock which will reach maturity next year and be worth about $20k. So I own these two old buildings outright... now what to do with them? I had some other deals going on the barter exchange and I ended up with about $10k worth of restaurant equipment, so I decided to open a Bistro. Now, I cannot tell you how many people looked at me as if I were crazy.. A bistro, in THIS economy? In a Podunk little dead town? YES! And I am going to serve upscale French, Italian and German cuisine!

Next month will be a year since I purchased the buildings and the bistro has been open for a few months. We're doing great business... around $2k per day, maybe a little more on weekends. There's no place else to go, nothing else to do there. We're the big fish in a little pond. People are coming in from 50-60 miles away because they've heard about us. We just hired an executive chef. We're getting 5-star reviews. In the second building (next door) I put, inside the building, an old trolley car. It's a small intimate music hall where we feature live music and host events. We got included in the National Dinning Car Registry and we've been getting people from all over coming in... we're about a mile off the interstate.

Last week, I had an offer to buy the place for $175k. I've not decided if I am going to sell or not... the point is, where would I have been if I had followed conventional wisdom? If I had listened to the naysayers who said it would never fly? We're across the street from the railroad tracks, a train comes blowing through about every 20 minutes... people love it! We can't serve alcohol, it's a dry county... but people flock to our place to listen to live music... again, there is nowhere else to go. We serve Irish coffee and artisan deserts... people love it!

He chose to use bankruptcy laws four times to liquidate corporate assets.
This is inaccurate, he filed chapter 11 four times. He did not liquidate assets and pay off his debts, he had the debts restructured to bail his sorry ass out. And it's not like he had a choice, he was buried in debt that he could not otherwise pay back, debt that was largely the result of issuing junk bonds in the case of the Taj Mahal.

In one case, he literally bought a company one week, reviewed the books and filed for bankruptcy the next week.
? I must have missed that one, can you elaborate.

He sold his casino assets there because he saw the writing on the wall ahead of most.
He lost most of his casino assets in the four different chapter 11 processes.

That's what you see a pattern of with Trump. He stays a step or two ahead of the game, as do most very successful people.
I see a pattern alright but it isn't a good one. He started a mortgage company just as the housing bubble was about to pop. Genius.

Business people use the bankruptcy law all the time to their advantage... it's not as "negative" as it sounds to us laymen.
But the business person in question is running for the highest office in the land. To say that four chapter 11s in the span of 25 years is not a negative on the resume of someone who touts their business acumen as worthy of presidential consideration is a bit disingenuous. The case of the Taj Mahal on its own merit should raise alarm concerning Trump's intuitions.

Excuse me, I don't think you know what you're talking about. It seems you've gleaned your talking points from some left wing blog source as you've provided no links to anything credible. This is a CDZ forum, so you need to present some factual evidence with links to back up your statements. I understand you don't like Trump and want to spread as much negative propaganda about him as you can, but these forums have rules and are intended for intellectual discussion and not spewing left-wing propaganda.

Trump Taj Mahal - Wikipedia, the free encyclopedia

Here is a link to Trump's casino, now owned by Carl Icahn. It is no longer in Chapter 11. You can read about everything that happened there but it's nothing more than the results of a shitty economy and increased demands from organized labor.

Well excuse me but didn't I rebut the misinformation that you provided with obvious factual information (common knowledge), using the same number of links as you provided when you attempted to dismiss Trump's bankruptcies. I mean what exactly did I post that you are now calling into question?
Was it your mischaracterization of Chapter 11?
Chapter 11 Definition | Investopedia

Trump's use of junk bonds to build the Taj Mahal perhaps?
Junk Bond Ruling Could Aid Companies in Fraud Suits

The bonds involved in the suit, issued in 1988 by the Trump Taj Mahal Associates Limited Partnership to finance the completion of the large casino-hotel in Atlantic City, were accompanied by a prospectus that listed numerous risk factors, as is standard in junk-bond issuance.
But the prospectus also included the statement that "The Partnership believes the funds generated from the operation of the Taj Mahal will be sufficient to cover all of its debt service (interest and principal)." That belief proved wrong, and the bonds went into default within a few months. Bondholders sued, charging fraud in the sale of the bonds.

and
Trump’s bad bet: How too much debt drove his biggest casino aground

He said he had “the prerogative” to change his mind about using junk bonds in the financing.

“I didn’t want to have any personal liability, so I used junk bonds. I accept the blame for that, but I would do it again,” he said. But Trump vehemently denied that the deal represented a personal failing or affected his personal wealth.

Trump Taj Mahal - Wikipedia, the free encyclopedia

Here is a link to Trump's casino, now owned by Carl Icahn. It is no longer in Chapter 11. You can read about everything that happened there but it's nothing more than the results of a shitty economy and increased demands from organized labor.

Really......I can read all about it at wikipedia you say. Do you have any links to substantiate that the Taj Mahal bankruptcy was a result of a bad economy and organized labor? Or at least one that refutes the bankruptcy as being a result of Trump being over leveraged from the issuance of Junk bonds? If you intend to set a standard here for me, don't you think you should hold to it as well.