J E F FWhatta Ya Think About Dat?Premium
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Re: LOL Investors Of Trump Tower In Toronto Got Swindled! Even nicer eh? Trump (the person) knows how to separate himself from everything. This is why he has so much money.
If you can't explain it simply, you don't understand it well enough. - Albert Einstein
said by J E F F:True. OPM - Other People's Money. That is how the rich get richer. They don't risk their own money in a project. They get others to risk theirs, while Trump profits from consulting contracts, marketing deals, selling his name, etc.
Even nicer eh? Trump (the person) knows how to separate himself from everything. This is why he has so much money.
A lot of these investors had no business at all in investing their money in a risky project(as all Real Estate projects are). I limit my Real Estate investments to REIT mutual funds where my risk is limited strictly to the amount I want to put in to it and where liquidity and diversity of investments limits the size of potential losses. An example: »performance.morningstar.com/fund···re=en-US
A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves money from the public treasury.
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said by Linklist:Which was the case here. Even a cursory, most simplistic, due diligence into these deals would have revealed that Trump was licensing his name, but not investing a dime in the property, personally or through his companies.
....selling his name, etc.
Even the Joe-Blow blue-collar investors here should have wondered "Why is that?". The obvious answer was "Because it's a shitty deal and not even Donald Trump is that stupid." But they were blinded by their own greed.
Any claim that the root of a problem is simple should be treated the same as a claim that the root of a problem is Bigfoot. Simplicity and Bigfoot are found in the real world with about the same frequency. David Wong
said by Ian:"There's a sucker born every minute".
Even the Joe-Blow blue-collar investors here should have wondered "Why is that?". The obvious answer was "Because ...