The only reason Trump isn't broke right now is because banks couldn't afford to let him fail!!! They had too much money tied up in Trump to let him fail so they were forced to bail is sorry ass out! For the people that know, he's not a very good business man.
I think Trump has more but Cuban knows how to spend his better.
Originally posted by HighOnAcid The only reason Trump isn't broke right now is because banks couldn't afford to let him fail!!! They had too much money tied up in Trump to let him fail so they were forced to bail is sorry ass out! For the people that know, he's not a very good business man.
I think Trump has more but Cuban knows how to spend his better.
Originally posted by chowda trump was given more to start with
And through bad business decisions nearly lost it all before the banks were forced to bail him out. Trump took a lot and depended on financial instutions to get him back. Cuban built it from scratch and has a much better chance at keeping it and making it grow.
cuban's is real. trump loves debt. i doubt seriously his net worth according to forbes takes into account all the debt he has, as well as some of the very complicated partnerships he's involved in. he doesnt even own a bunch of the stuff with his name on it, he just has management rights, etc.
Did you see the 20/20 piece about Trump a few weeks ago? It turns out he doesn't own what we think he does. He's got many partners and financial backers... still the man no doubt
these are Billion dollar projects in real estate, and ppl are tripping over their dicks to do deals with trump where he is putting very little of his own cash into these things.
I read Mark Cuban's blog from time to time. His blog is a little heavy on the sports talk, but Mark's got some fairly good business insights. He's also working on a new search engine. ..kinda cool
I just love the rivalry between him and Donald. Here's a short excerpt from his blog where he is ripping into The Donald.
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Donald please?
Nice job on Leno last night Donald. At least you admitted that you hadn?t seen The Benefactor. But saying that it will fail. That?s a little much Donald, even from you.
Let?s get a couple things straight here. First, The Benefactor is a good show. It?s fun, it?s entertaining, it?s engaging and makes you think. How it will do in the ratings, is anyones guess. I don?t have the luxury of premiering after Friends. The good news is, if people watch it, they will like it. The better news is that ABC liked it so much that they have decided to not only run it in its Monday time slot, but also on Thursday as well. Opposite The Apprentice. How ironic will it be that people watching your show, and flipping through the channels in breaks, can and will sample The Benefactor and get excited about the show. Isn?t the TV business fun!
Speaking of business, I don?t think its dawned on you just how hard Mark Burnett threw you under the bus. Burnett is brilliant no doubt about it. You were right when you said he is one of the best in the business. He is.
Here?s the rub Donald, and I don?t think you have picked up on this, but your advertisers and placement partners surely will. You think The Apprentice, which really is a good show, is a positive reflection of your business acumen..
Originally posted by Dawgy cuban's is real. trump loves debt. i doubt seriously his net worth according to forbes takes into account all the debt he has, as well as some of the very complicated partnerships he's involved in. he doesnt even own a bunch of the stuff with his name on it, he just has management rights, etc.
Yes, but you have to understand that when you deal in real estate, debt is good (as long as you don't over extend). It's LEVERAGE. The more you borrow, the better your ROI. If you can control a property with none of your own money, (and then gain positive cash flow and some appreciation), your ROI is infinite!
people dont realize how much money cuban has because he doesnt show it off much. hell owning the dallas mavericks is huge but other than that most people dont know anything about him.
Originally posted by detoxed people dont realize how much money cuban has because he doesnt show it off much. hell owning the dallas mavericks is huge but other than that most people dont know anything about him.
Cuban got lucky on the internet investor scam boom of the 90's. Some clueless guy at the right place at the right time. So you've got to respect Trump's ability more.
Originally posted by Dawgy cuban's is real. trump loves debt. i doubt seriously his net worth according to forbes takes into account all the debt he has, as well as some of the very complicated partnerships he's involved in. he doesnt even own a bunch of the stuff with his name on it, he just has management rights, etc.
Cuban is an awkward geek, a couch potato sports fan, who doesn't have 1% of Trump's charisma and power. Even if Trump went bankrupt, he'd be right back on top within a year or two.
Where did Forbes get those numbers???? Trump is a marketing/branding name. He owns none of the real estate his name is on. The Japanese and Dutch Banks/Insurance conglomerates put up the cash and he put his name on it...
He is converting 3 properties in South Florida to "TRUMP" properties. No bad to get paid for your name.
Johnny Paradise
"If it makes dollars it makes sense"
Originally posted by HighOnAcid The only reason Trump isn't broke right now is because banks couldn't afford to let him fail!!! They had too much money tied up in Trump to let him fail so they were forced to bail is sorry ass out! For the people that know, he's not a very good business man.
I think Trump has more but Cuban knows how to spend his better.
Hrmm I don't see why he'd be here and everybody would talk about him if he wasn't a good business man
Originally posted by rayadp05
I rebooted, deleted temp files, history, cookies and everything...still cannot view the news clip. All I see is that fucking gay ass music video from "Rick Roll". Anyone else have a different link to the news clip?
Originally posted by detoxed Not that big of a difference... and Cuban is investing in HD and other new tech companies.. he could get a bunch more soon
It's the double ...
Originally posted by rayadp05
I rebooted, deleted temp files, history, cookies and everything...still cannot view the news clip. All I see is that fucking gay ass music video from "Rick Roll". Anyone else have a different link to the news clip?
Anyways I guess I'm wrong on Trumpt but I always felt like he was a shark
Originally posted by rayadp05
I rebooted, deleted temp files, history, cookies and everything...still cannot view the news clip. All I see is that fucking gay ass music video from "Rick Roll". Anyone else have a different link to the news clip?
Originally posted by HighOnAcid The only reason Trump isn't broke right now is because banks couldn't afford to let him fail!!! They had too much money tied up in Trump to let him fail so they were forced to bail is sorry ass out! For the people that know, he's not a very good business man.
I think Trump has more but Cuban knows how to spend his better.
You know what they say.
"If you take out a loan for $1000 from the bank and can't pay it back, YOU have a problem. When you loan millions from the bank and can't pay it back, the BANK has a problem."
Hence, the bank will give you all the help you need to keep you afloat and hope you'll turn a profit. It doesn't hurt to have connections with other millionaires, once you're in the millionaires club either.
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