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Biggest LOSER in America?

hehe

https://www.cnbc.com/2016/09/14/chanos-trump-was-my-easiest-short-like-ocean-liners-hitting-icebergs.html

sport wrote:

“The easiest short sales I’ve ever had in my life were the stocks and bonds of Donald J. Trump’s companies. … It was like numerous ocean liners hitting many icebergs repeatedly,” the Kynikos Associates founder said Tuesday at a Democratic Congressional Campaign Committee fundraiser in New York.

"You want a quote? Haven’t I written enough already???"

RIP

brain_wash_your_face wrote:

FDR, Truman, Nixon, Ford, Carter, Reagan, Bush, Clinton, W. Bush and Obama all disclosed their tax returns. You do not know the capital structure of Trump Org. The lenders willing to extend credit speaks for itself. As somebody who spends/spent a decent amount of time underwriting various investments I’d like to see more disclosure, but unfortunately the above fact pattern is all I have to go on. 

IRS so good LOL

https://www.politico.com/story/2018/12/23/nixon-trump-tax-returns-1050587

"You want a quote? Haven’t I written enough already???"

RIP

The simple reality is yes, its’ a break from tradition, but the IRS has its documents so fraud is a red herring.  Obama waited 3-4 years to release birth certificates, people getting their panties in a bunch over that needed hobbies.  This is a transparent political shtick.  No amount of tax reforms will really pacify the people clamoring for them because it was never about that.  About half the country is throwing a multi-year hissy fit and is simply looking for the next thing to use as a vehicle for it.

#FreeCVM #FreeTurd #2007-2017

.

#FreeCVM #FreeTurd #2007-2017

ahhh jim chanos. the most and only famous short investor.. i think im paraphrasing howard marks.

Even for Chanos, who is good at this, “the short book — as represented by Ursus — has lost 0.7 percent annually” from founding through the end of 2017. Oops!

https://www.bloomberg.com/opinion/articles/2018-09-18/short-selling-is-a-tough-business

only a fool would be net short.

I love my cheese. I got to have my cheddar.

wasnt fool when shorted trump LOL

mustabeen a SUPER easy short

"You want a quote? Haven’t I written enough already???"

RIP

Which stocks he talking about?

We’re gonna win so much, you may even get tired of winning. And you’ll say, 'Please, please. It’s too much winning. We can’t take it anymore. Mr. President, it’s too much.' And I’ll say, 'No, it isn’t!' We have to keep winning!

igor555 wrote:

wasnt fool when shorted trump LOL

mustabeen a SUPER easy short

Yawn, what “stock” did he short when he made this clearly unbiased comment at the DNC?  Anyhow to Nerdy’s point, Chanos sucks, well known fact, poor performer, got lucky once.  Net worth half of Trumps, maybe he should have shorted himself?  Trump, winner, $3B net worth, our President!

#FreeCVM #FreeTurd #2007-2017

Liberals critiquing Wharton grad’s $3B real estate empire:

Image result for back office finance meme

#FreeCVM #FreeTurd #2007-2017

Trump IPO’d a company that included, I sh!t you not, an under development casino in Gary, Indiana. It has filed for bankruptcy a bunch of times…

you basically need to come from a target school pedigree/work at prestigious firm in the US/have a really good connection.

- AF hivemind

Bill Gates launched the Zuneenlightened

#FreeCVM #FreeTurd #2007-2017

you trying too hard again. come back after you cool down 

"You want a quote? Haven’t I written enough already???"

RIP

Lol, learn to take a joke Milton.

#FreeCVM #FreeTurd #2007-2017

Black Swan wrote:

Yawn, what “stock” did he short 

I mean, you asked for the stock and I told you one it may be. Anyway, I just find the Gary piece interesting. The place is pretty much a meme.

you basically need to come from a target school pedigree/work at prestigious firm in the US/have a really good connection.

- AF hivemind

I only heard the reporters recap this story on The Daily, but doesn’t seem as bad as the first one about how his dad had to ban roll everything. Sounded like this could have been a large part non cash expenses, although I doubt he was cash flow positive given how much his father had to help 

rawraw wrote:

I only heard the reporters recap this story on The Daily, but doesn’t seem as bad as the first one about how his dad had to ban roll everything. Sounded like this could have been a large part non cash expenses, although I doubt he was cash flow positive given how much his father had to help 

NYT wrote:

Another pivotal source of money: his father. As the Times kicker states, “While Donald Trump reported hundreds of millions of dollars in losses for 1990 and 1991, Fred Trump’s returns showed a positive income of $53.9 million, with only one major loss: $15 million invested in his son’s latest apartment project.”

"You want a quote? Haven’t I written enough already???"

RIP

Lol yea Icahn ended up owning trumps stock due to debt restructuring. I think Icahn lost 300m. He sold it to hard rock for 50m

I love my cheese. I got to have my cheddar.

But… you guys realize Trump has managed to become President? It basically doesn’t matter what he did before. We could credibly argue that he is amoral or has other negative characteristics. However, the “loser” argument flew out the window 2 years ago.

“Visit the Water Cooler forum on Analyst Forum. It is the best forum.”
- Everyone

Wait does being a public servant constitute as winning?

I love my cheese. I got to have my cheddar.

It definitely is when you’re running the most powerful country in the world.

We’re gonna win so much, you may even get tired of winning. And you’ll say, 'Please, please. It’s too much winning. We can’t take it anymore. Mr. President, it’s too much.' And I’ll say, 'No, it isn’t!' We have to keep winning!

Black Swan wrote:

Lol, learn to take a joke Milton.

Five star post. 

¯\_(ツ)_/¯ It be like that sometimes.

Nerdyblop wrote:
Wait does being a public servant constitute as winning?

yes, if your goal was to become a public servant. 

82 > 87
Simple math.

Black Swan wrote:

And yet he’s worth $3B…

Says who?

Let’s just say I have my doubts.  Donald Trump has a very long history of spewing crap out of his mouth, a history that predates his interest in politics and in fact predates the birth of many posters on here.  I would not assume he’s on the level about his net worth.

We’re on a finance forum, and I expect most of us could understand how a real estate developer could have negative personal taxable income due to high depreciation on real estate that is held by his pass-through corporations.  But that’s a lot of losses.  They are curious, and I suspect it’s more likely fraud than incompetence, simply because of his history.  It would be interesting to see the financials of the corporations, but that’s not going to happen.

The core issue for me is that Trump has not clearly divulged his financial position to the public.  My feeling is that if you want to be president, you should disclose your financial position and divest any business interests that could pose a conflict of interest or provide leverage to potential enemies.  (I’m reminded that back in 1977, Jimmy Carter sold his peanut farm to comply with government ethics advice.)  Trump has not done that.  Unfortunately, U.S. laws do not strictly require that.  Personally, I think they should.  Many of us here probably have to make regular disclosures about our personal trading activity.  That is good ethical practice for our industry.  Furthermore, many of us here are CFA charterholders.  I would think that the spirit of our code of ethics would be against the kind of murky delineation Trump has made between his personal business interests and his public service.  What is legal is not always ethical, and unfortunately that bug of our government has been made rampantly apparent in Trumpworld.

I mean nearly every third party estimate (Bloomber $2.8B, Forbes $3.1B) has put him around that area based on known interests in existing properties.  Not that hard, his own estimate was much higher.

Edit: I think its fair to say what you’re saying overall.  It’s not wrong to want financial disclosures of the POTUS position and realistically I think he should have.  This is a normal discussion, I have more of an issue with the outrage culture and trying to judge his mediocre business acumen or crying fraud (which this isn’t).  As you pointed out, it’s best practice but not legally required.  In his defense, there’s no advantage to adding disclosure and he knows this, because everything he offers up is picked apart and turned into hysteria, in his mind this is just no-collusion part 2.  People also need to just recognize that it’s not required as you just did and let it lie because I think both sides understand the reality of the situation if they step back.

#FreeCVM #FreeTurd #2007-2017

Jimmy Breslin on Trump.  Three columns from the period 1988-1990.  Breslin, who passed away a couple years ago, was a legend in New York journalism.  (Side note: the second column - from 1989 - includes an appearance by Father Mychal Judge, who passed away on 9/11 while acting as a FDNY chaplain.)

https://www.newsday.com/opinion/jimmy-breslin-s-columns-on-donald-trump-1.13288319

I hear you and I think most people here are eyes wide open that yes, Trump is a sleazy dude.  That’s why he’s such a successful politician.  But what you provided is also an op-ed, while I don’t disagree with it, it is what it is.

#FreeCVM #FreeTurd #2007-2017

@frisian - You’re saying that Trump, unlike most other Presidents, has significant conflicts of interest and should divest himself of those conflicts.  

I would reply that Trump, unlike most other (recent) Presidents, actually has some interests.  That’s why there’s conflict.  And to ask him to divest himself of those interests is wholly un-American.  And even if he should, do you really expect him to unload all of his property at prices other than a firesale price between winning the election (in November) and taking office (in January)?  

I will agree that there should be some sort of oversight of ALL of the 535 (Pres, Senate, House, & 9 Justices).  But I don’t know how that should be implemented.  And I certainly don’t agree that he should close up shop or sell his businesses.  

82 > 87
Simple math.

Black Swan wrote:

I hear you and I think most people here are eyes wide open that yes, Trump is a sleazy dude.  That’s why he’s such a successful politician.  But what you provided is also an op-ed, while I don’t disagree with it, it is what it is.

Donald Trump is a snake oil salesman.  Has been for decades.  How does he get away with this?  The first Breslin column at that link has it exactly right - a sucker has to get screwed.

It’s an op-ed and you’re stating your opinion.  I mean we get it you’re not offering anything new, I guess what boggles my mind are why the losers from the last election can’t learn to move on there’s more to life and no amount of stomping your feet is changing this.  People vote for the candidate that supports their platform, everything you’re going on about is really irrelevant to voters that support him.

#FreeCVM #FreeTurd #2007-2017

Greenman72 wrote:

I will agree that there should be some sort of oversight of ALL of the 535 (Pres, Senate, House, & 9 Justices).  But I don’t know how that should be implemented.  And I certainly don’t agree that he should close up shop or sell his businesses.  

Personally, I think anyone wanting to serve as president of the United States should be purely interested in public service and have no ongoing business interests that could theoretically pose a conflict.  Typically, in recent history, I believe the president’s economic assets have been put in a blind trust.  I’m ok with Obama or Romney having a pile of money somewhere, but I think they should make crystal clear to the public that their decisions as president are not based on what is best for their own financial interests.  I do not trust that Trump puts the public interest above his own.

If someone doesn’t want to give up their business interests, fine, then don’t run for public office.  It’s not clear to me why the CFA code of ethics seems to be more stringent about such conflicts than our government.  Note there are ethics offices that oversee some activities by government officials.