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General Discussion

niyad

(113,573 posts) Wed Oct 12, 2016, 12:57 PM Oct 2016

0

"all billionaires go bankrupt once in a while"

I had the misfortune to talk to a drumpfy supporter the other day (will remember not to do that again). usual reichwing propaganda bs--benghazi (he KNEW the people there, KNEW how clinton ignored them, etc) when he praised drumpfy's business acumen, I pointed out the bankruptcies, etc and he responded with "but all billionaires go bankrupt once in a while".

news to me. had not heard that defense before. still shaking head.

10 replies

= new reply since forum marked as read

Highlight:

"all billionaires go bankrupt once in a while" (Original Post) niyad Oct 2016 OP

4 times is not "once in a while." muntrv Oct 2016 #1

true. I did point that out. wondering what actual billionaires have gone bankrupt at any time. niyad Oct 2016 #3

I don't think Bill Gates, Warren Buffet or Mark Cuban have ever gone bankrupt. The Velveteen Ocelot Oct 2016 #2

pretty much my thought as well. niyad Oct 2016 #5

I guess that's all I need to do then... TCJ70 Oct 2016 #4

see??? and you were worried???? niyad Oct 2016 #6

I coulda swore that being a billionaire was the exact opposite of being bankrupt. Iggo Oct 2016 #7

that was kind of my thought. niyad Oct 2016 #8

Hmm, that doesn't appear as any good business strategy I've ever seen ck4829 Oct 2016 #9

it's in the small print of the onethatcares Oct 2016 #10

muntrv

(14,505 posts)

1. 4 times is not "once in a while."

Reply to niyad (Original post)

Wed Oct 12, 2016, 12:58 PM

Oct 2016

niyad

(113,573 posts)

3. true. I did point that out. wondering what actual billionaires have gone bankrupt at any time.

Reply to muntrv (Reply #1)

Wed Oct 12, 2016, 01:00 PM

Oct 2016

The Velveteen Ocelot

(115,858 posts)

2. I don't think Bill Gates, Warren Buffet or Mark Cuban have ever gone bankrupt.

Reply to niyad (Original post)

Wed Oct 12, 2016, 01:00 PM

Oct 2016

Just to name a few. If you're actually competent at business you don't go bankrupt.

niyad

(113,573 posts)

5. pretty much my thought as well.

Reply to The Velveteen Ocelot (Reply #2)

Wed Oct 12, 2016, 01:00 PM

Oct 2016

TCJ70

(4,387 posts)

4. I guess that's all I need to do then...

Reply to niyad (Original post)

Wed Oct 12, 2016, 01:00 PM

Oct 2016

...bankrupt to billionaire here I come!

niyad

(113,573 posts)

6. see??? and you were worried????

Reply to TCJ70 (Reply #4)

Wed Oct 12, 2016, 01:01 PM

Oct 2016

Iggo

(47,568 posts)

7. I coulda swore that being a billionaire was the exact opposite of being bankrupt.

Reply to niyad (Original post)

Wed Oct 12, 2016, 01:42 PM

Oct 2016

niyad

(113,573 posts)

8. that was kind of my thought.

Reply to Iggo (Reply #7)

Wed Oct 12, 2016, 01:46 PM

Oct 2016

ck4829

(35,091 posts)

9. Hmm, that doesn't appear as any good business strategy I've ever seen

Reply to niyad (Original post)

Wed Oct 12, 2016, 01:58 PM

Oct 2016

Now maybe if there was a book on bad business strategies...

onethatcares

(16,185 posts)

10. it's in the small print of the

Reply to ck4829 (Reply #9)

Wed Oct 12, 2016, 04:12 PM

Oct 2016

Trump university mba handbook, in microfine font in several different languages in each sentence.

Just as Pam Bondi.

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