Idiots calling Trump the biggest loser in business

Amusing to watch all the Dems calling Trump the biggest loser in America for his alleged tax losses.
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I am the author of Aggressive Tax Avoidance For Real Estate Investors, now in its 20th edition, over 100,000 sold. Trump was a real estate investor.
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Prior to the Tax Reform Act of 1986, which makes real estate investors suspend rather than deduct losses, real estate investors would typically have huge tax losses while having positive cash flow. They were mainly from depreciation deductions which are not a cash expense. They were also from interest payments that ARE cash expenditures and deductible but they are real losses. It was common for investors then to pay too much for properties such that they had negative CASH flow. So the combination of interest cash losses from overpaying for the property and non-cash depreciation deductions showed losses for tax purposes.
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The reason investors overpaid was they expected great appreciation to pay for the cash flow losses and then some when they sold the building. Essentially, rental properties used to be income properties like utilities in the stock market. You bought them for the dividends. Then, around 1970, they turned into growth stocks where you made your money from the appreciation in value, not the net rent.
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To be sure, Trump lost money in the casino business, which I do not know. His casinos went bankrupt.
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There were also recessions in the real estate business. Trump’s dealing with that seems unnoteworthy to me. Trump seems to have handled it better than most. He also used to sign personally on the mortgages. Really overconfident and dumb. Typical young hot shot mistake. He has since stopped doing that.
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Trump recently hailed Tiger Woods especially for his comebacks. Trump wrote a book titled The Art of the Comeback after he wrote Art of the Deal. Trump’s comeback was legendary. He has stated publicly many times that he told his second wife that he was poorer than the homeless guys on the streets of NY. How so? His net worth was about minus $900 million at the time. The homeless guys had a small, but positive, net worth.
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If you grade him on the curve for real estate investors and developers since 1970, he would probably rank in the top. He had a roller-coaster ride, but he ended up ranked in the Forbes 400 and the comparable Businessweek wealth rankings.
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He won some. He lost some. Some got rained out. Net, over his whole career, he was a winner. He was extremely aggressive. Losses are a by-product of that. He is now much more conservative, for example, licensing his name rather than being personally liable on mortgages, and other risk management techniques.
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His losses are now being presented by Dems as a new revelation. Bull! He wrote a book about his losses. He filed bankruptcy for his casinos.
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What Trump is, and these pretty boy news men and news babes are not, is in Teddy Roosevelt’s “arena.”
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“It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat."
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