Trumps Ghostwriter Speaks About Trump

[ZiprHead]

"The Art of the Deal” made America see Trump as a charmer with an unfailing knack for business. Tony Schwartz helped create that myth—and regrets it.

http://www.newyorker.com/magazine/2016/07/25/donald-trumps-ghostwriter-tells-all

If he were writing “The Art of the Deal” today, Schwartz said, it would be a very different book with a very different title. Asked what he would call it, he answered, “The Sociopath.”

 

[Tristan Scott]

"The Art of the Deal” made America see Trump as a charmer with an unfailing knack for business. Tony Schwartz helped create that myth—and regrets it.

http://www.newyorker.com/magazine/2016/07/25/donald-trumps-ghostwriter-tells-all

If he were writing “The Art of the Deal” today, Schwartz said, it would be a very different book with a very different title. Asked what he would call it, he answered, “The Sociopath.”

What got me was how Trump calls people who inherited their fortune members of "the lucky sperm club." Then he underplays his father's financial help.

 

[TV and credit cards]

What a wonderfully written frightening read.
There is no other Trump. We all have our public and private sides. The work me, the home me. The person I have to be and the person I am. There is no "person I am" in Donald. There's just Trump
and the game.

 

[beero1000]

"The Art of the Deal” made America see Trump as a charmer with an unfailing knack for business. Tony Schwartz helped create that myth—and regrets it.

http://www.newyorker.com/magazine/2016/07/25/donald-trumps-ghostwriter-tells-all

If he were writing “The Art of the Deal” today, Schwartz said, it would be a very different book with a very different title. Asked what he would call it, he answered, “The Sociopath.”

What got me was how Trump calls people who inherited their fortune members of "the lucky sperm club." Then he underplays his father's financial help.

A small loan of only a million dollars. In the 70's. Plus all of his father's contacts and connections. Plus $40 million in 1974. Plus the 200-350 million dollar inheritance...

Has Donald Trump ever spoken the unalloyed truth?

 

[barbos]

What got me was how Trump calls people who inherited their fortune members of "the lucky sperm club." Then he underplays his father's financial help.

A small loan of only a million dollars. In the 70's. Plus all of his father's contacts and connections. Plus $40 million in 1974. Plus the 200-350 million dollar inheritance...

Has Donald Trump ever spoken the unalloyed truth?

$40 million in 1974? Interesting.
Also Has anybody adjusted all that money for inflation?

 

[Jimmy Higgins]

A small loan of only a million dollars. In the 70's. Plus all of his father's contacts and connections. Plus $40 million in 1974. Plus the 200-350 million dollar inheritance...

Has Donald Trump ever spoken the unalloyed truth?

$40 million in 1974? Interesting.
Also Has anybody adjusted all that money for inflation?

I believe it was noted putting it into the stock market S&P 500 would have made him a lot more money.

 

[beero1000]

A small loan of only a million dollars. In the 70's. Plus all of his father's contacts and connections. Plus $40 million in 1974. Plus the 200-350 million dollar inheritance...

Has Donald Trump ever spoken the unalloyed truth?

$40 million in 1974? Interesting.
Also Has anybody adjusted all that money for inflation?

No, I think he was given a share of his father's real estate business, estimated to be worth $200 million at the time.

$40 million in 1974? Interesting.
Also Has anybody adjusted all that money for inflation?

I believe it was noted putting it into the stock market S&P 500 would have made him a lot more money.

Yes, Trump has seriously under-performed versus basic stock indices. A quick back-of-the-envelope calculation says that the stock market doubles every 7 years or so (i.e. 10% returns), so call it 6 doublings which means he should have 60+ times as much money. And that's giving him every benefit of the doubt.

Considering his inheritance was probably of the order of 100 million plus, and the fact that he was active during major NY real estate booms means he's a terrible, terrible businessman. But we knew that already - how else do you bankrupt a casino?

 

[Tristan Scott]

What got me was how Trump calls people who inherited their fortune members of "the lucky sperm club." Then he underplays his father's financial help.

A small loan of only a million dollars. In the 70's. Plus all of his father's contacts and connections. Plus $40 million in 1974. Plus the 200-350 million dollar inheritance...

Has Donald Trump ever spoken the unalloyed truth?

The article points out that Fred co-signed on Donalds's early deals too.

 

[SimpleDon]

This personality type is pretty common in business, but Trump does take it to an extreme. Most business executives exhibit some of these same traits. This is just one of the reasons that I always tell people that, no, we don't want to run the government like a business.

Capitalism works well because there is a simple, easy to understand and quantifiable goal, to make money. And even failure is often beneficial, google "creative destruction."

None of this is true in government. You have many conflicting goals, the problems are complex, success is hard to define and failure is often disastrous, google "George W.Bush."

 

[RavenSky]

Schwartz dashed off a tweet: “Many thanks Donald Trump for suggesting I run for President, based on the fact that I wrote ‘The Art of the Deal.’ ”

 

[Treedbear]

“I put lipstick on a pig,” he said. “I feel a deep sense of remorse that I contributed to presenting Trump in a way that brought him wider attention and made him more appealing than he is.” He went on, “I genuinely believe that if Trump wins and gets the nuclear codes there is an excellent possibility it will lead to the end of civilization.”

 

[ZiprHead]

[YOUTUBE]https://youtu.be/yb2NHTka-gw[/YOUTUBE]