Trump has brought a big yacht. He doesn’t live the frugal life.
This is true, and a good point. But your original point was:
Trump is a billionaire because he’s good at dealmaking which is a relevant skill for political campaigning.
Based on this discussion, it looks like Trump is not a billionaire because he is a good at dealmaking. He had multiple ways to become a billionaire (investing in index funds, investing in gold, dealmaking, inventing Facebook).
And as you now point out, he completely failed in utilizing the money; Trump is a billionaire because he was inefficient in finding good ways of exchanging his money for utility. Another area in which I would have outperformed him :-)
Based on this discussion, it looks like Trump is not a billionaire because he is a good at dealmaking. He had multiple ways to become a billionaire (investing in index funds, investing in gold, dealmaking, inventing Facebook).
Given the way he has chosen he wouldn’t be a billionaire if he was bad at dealmaking. It’s a relevant skill for winning political fights.
If you think that Trump just blabbers around what’s on his mind, you are massively misreading the situation.
This is true, and a good point. But your original point was:
Based on this discussion, it looks like Trump is not a billionaire because he is a good at dealmaking. He had multiple ways to become a billionaire (investing in index funds, investing in gold, dealmaking, inventing Facebook).
And as you now point out, he completely failed in utilizing the money; Trump is a billionaire because he was inefficient in finding good ways of exchanging his money for utility. Another area in which I would have outperformed him :-)
Given the way he has chosen he wouldn’t be a billionaire if he was bad at dealmaking. It’s a relevant skill for winning political fights.
If you think that Trump just blabbers around what’s on his mind, you are massively misreading the situation.