See, this is why liberals are so bad at math. You can look up S&P500 historical returns on yahoo finance - around 110 in 1982, and 2000 by the end of 2015 - which means he created actual value about proportionally to what he would have had in an index fund. So, yeah, I'll argue with their math when the returns (but not their math) is public record. My guess is their using market cap (which would include inflation), and not actual returns from an investment. It's intentionally and intellectually dishonest.Commander of Awesome;1803703 wrote:You want to do battle with Fortune Magazine and the London Review of books, go ahead.
Read it and weep, "Trump’s net worth has grown about 300% to an estimated $4 billion since 1987, according to a report by the Associated Press. But the real estate mogul would have made even more money if he had just invested in index funds. The AP says that, if Trump had invested in an index fund in 1988, his net worth would be as much as $13 billion."
I'll take 3 reputable sources and the fact that he's filed bankruptcy 4 times in the past ~20 yrs over your internet chest thumping without evidence.
You're a perfect example of someone spoonfed BS who gleefully regurgitates it because you're either too lazy or simply incapable of looking up the actual number yourself....I believe the term is "useful idiot".
And you clearly don't understand bankruptcy, either. Business go bankrupt all the time and, in fact, it's a strategy. Trump has 100's of businesses. He's never filed personal bankruptcy to my knowledge.
