RE: Is Trump fucked?
November 6, 2019 at 8:28 am
(This post was last modified: November 6, 2019 at 8:28 am by BrianSoddingBoru4.)
(November 6, 2019 at 7:53 am)Dmitry1983 Wrote:(November 5, 2019 at 4:34 pm)Gae Bolga Wrote: The guy ran a casino into bankruptcy. It's idiotic to talk about his financial acumen in that light, unless we're discussing his amenability to laundering money for criminals.
https://www.gobankingrates.com/investing...-mistakes/
Are there investors that never made mistakes during their career?
Of course investors have made mistakes. But to bankrupt casinos requires a special kind of stupid. In fact, it requires breathtaking, mindboggling ineptitude. Bankrupting a casino is next to impossible - they're virtually recession proof, get phenomenal tax breaks and planning exemptions, and they exist solely for the purpose of taking money away from stupid people. It isn't like an investor taking a loss on, say, an IPO, or because the CEO of the company absconded to the Cayman Islands with the receivables and his secretary. It isn't even as if people stopped buying the product.
The ONLY reason for a gambling venue to go bankrupt is the ineptitude of management. Not even personal corruption can do it.
Boru
‘I can’t be having with this.’ - Esmeralda Weatherwax
