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Is Trump A Very Stable Businessman?
3 min readJan 7, 2018
One of the leitmotif of Trump critics is that he’s not a great businessman, actually, if he was to put all the money he inherited in the stock market he would have made much more $$$.
As it turns out there are a couple of problems with that grand theory.
For starters: Fred Trump died in 1999
Yet Donald Trump first became a billionaire in the late 80s:
Very well, they may say, what about that famous $1M loan?
Trump loaned $1M from his father at age 27 (1973) in order to secure the purchase of the then decadent Grand Hyatt in Manhattan which was re-opened in 1976.
From 1973 to 1989 the SP500 averaged 12.3% per annum.
