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#121 |
Fiend God
Join Date: Oct 2005
Location: In the details
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#122 |
Penultimate Amazing
Join Date: Jan 2002
Posts: 12,260
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__________________
Trust me, I know what I'm doing. - Sledgehammer I'm Mary Poppin's Y'all! - Yondu We are Groot - Groot |
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#123 |
Penultimate Amazing
Join Date: Aug 2007
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#124 |
Penultimate Amazing
Join Date: Dec 2010
Posts: 23,118
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I don't trust atoms. They make up everything. |
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#125 |
Penultimate Amazing
Join Date: Dec 2010
Posts: 23,118
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__________________
I don't trust atoms. They make up everything. |
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#126 |
Maledictorian
Join Date: Aug 2016
Posts: 6,764
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__________________
Opinion is divided on the subject. All the others say it is; I say it isnt. |
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#127 |
Fiend God
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#128 |
Master Poster
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#129 |
Fiend God
Join Date: Oct 2005
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#130 |
Self Employed
Remittance Man Join Date: Nov 2009
Location: Florida
Posts: 15,938
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__________________
- "Ernest Hemingway once wrote that the world is a fine place and worth fighting for. I agree with the second part." - Detective Sommerset - "Stupidity does not cancel out stupidity to yield genius. It breeds like a bucket-full of coked out hamsters." - The Oatmeal - "To the best of my knowledge the only thing philosophy has ever proven is that Descartes could think." - SMBC |
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#131 |
Fiend God
Join Date: Oct 2005
Location: In the details
Posts: 78,323
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#132 |
Muse
Join Date: Nov 2002
Posts: 727
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#133 |
Penultimate Amazing
Join Date: Aug 2007
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#134 |
"mαs divertido"
Join Date: Jul 2009
Posts: 19,249
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tastes great! less filling!
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#135 |
Penultimate Amazing
Join Date: Dec 2010
Posts: 23,118
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__________________
I don't trust atoms. They make up everything. |
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#136 |
Penultimate Amazing
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#137 |
Penultimate Amazing
Join Date: Jan 2002
Posts: 12,260
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All I can say is: Ha ha!
From: https://www.cnbc.com/2018/10/02/trum...-declines.html President Donald Trump's net worth has declined by more than $1 billion since the year he launched his presidential campaign at the foot of Trump Tower's escalator, Forbes reported Tuesday. The president's net worth stands at $3.1 billion, down from $4.5 billion in 2015... I'm actually truly surprised. Not that Trump's net worth has declined. After all, much of his net worth is tied to the Trump 'brand', which now appears to be quite toxic. (for example, multiple buildings removing the Trump name). What I'm surprised at his that his net worth is still as high as it is. I can't see any new businesses wanting to associate with Trump (well, maybe a company that makes white sheets for KKK rallies might). I also wonder if, in their analysis, whether they considered debt. (The suspicion is that Trump is heavily indebted to Russian interests, and his true Net worth could actually be zero.) |
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Trust me, I know what I'm doing. - Sledgehammer I'm Mary Poppin's Y'all! - Yondu We are Groot - Groot |
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#138 |
"mαs divertido"
Join Date: Jul 2009
Posts: 19,249
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Including debt is why "net" is part of a "net worth" calculation.
Net worth = assets - liabilities |
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#139 |
Penultimate Amazing
Join Date: Aug 2007
Posts: 31,633
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Hmmm... Net worth ultimately comes from two places, right? Investors, or revenues.
Either way, net worth is based on your assets, and assets are purchased with money. And money has to come from somewhere - either from the profitable use of the assets you already own, or from investors hoping to get a piece of your action. If Trump is indebted to Russian interests to the tune of ~$3 billion, that's a pretty huge money trail. Where does it dead end? Probably somewhere along the line: Assets <-- Investors <-- Funding <-- Russians Have the whistleblowers and investigative journalists of the world not looked into this yet? Or have they all tried and failed to get to the Russians at the bottom of it all? |
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#140 |
"mαs divertido"
Join Date: Jul 2009
Posts: 19,249
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This is a pretty unorthodox way to think of net worth. Investors can give you revenue**; it's not really "or" there. If investors give you revenue in return for a share of your assets, then your cash increases while your assets decrease, which would have zero effect on your net worth. Assuming you sold whatever thing at a fair market value.
** ETA - I should clarify that ongoing revenue is usually income from sales or ongoing business, not investment. Investment revenue is usually referred to as "capital." Money is an asset. Purchasing assets with money would also not affect your net worth, assuming a fair market transaction. |
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#141 |
Master Poster
Join Date: Jul 2009
Location: Just outside Raleigh, NC
Posts: 2,905
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__________________
Eqinsu Ocha! Eqinsu Ocha! |
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#142 |
Penultimate Amazing
Join Date: Jan 2002
Posts: 12,260
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Yes, I should have clarified...
I wonder if they calculated the net worth, whether they included Trump's probable debt/liabilities. Trump hasn't shown us his tax returns, nor has he given any real evidence what his assets and liabilities actually are. Lots of room for shady transactions or undeclared debts. In other words, what exactly was Forbes using to calculate his assets/debts? |
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Trust me, I know what I'm doing. - Sledgehammer I'm Mary Poppin's Y'all! - Yondu We are Groot - Groot |
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#143 |
Penultimate Amazing
Join Date: Jan 2002
Posts: 12,260
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Technically part of Trump's net worth comes from value in the "Trump Brand". A marketable name does have some value that doesn't come from Investors or revenues. Its why people drink Coke rather than "brown colored water with lots of sugar". (I suppose you could consider an increase in brand value as part of revenues if its the result of hard work to "build the brand", but brand names can gain value just by chance too.)
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Remember, Manfort went a while with some pretty shady transactions before his crimes were discovered. |
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Trust me, I know what I'm doing. - Sledgehammer I'm Mary Poppin's Y'all! - Yondu We are Groot - Groot |
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#144 |
"mαs divertido"
Join Date: Jul 2009
Posts: 19,249
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I heard a podcast with a guy from Forbes discussing how they do it. Even without tax filings, asset valuation relies on many documents which are public record, like real estate comps and such. As for companies, you can use their earnings and calculate the worth by using comparable price/earnings ratios. Plus many high net worth people are willing to tell all. In the old days, Forbes might even have gotten a call from Trump's publicist "John Barron."
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#145 |
Penultimate Amazing
Join Date: Jan 2002
Posts: 12,260
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But the problem is, the Trump Organization is a private organization (rather than a publically traded company), so at least some of that information won't be on public record. (When you have shareholders, you have to let the stockholders know what your company is doing. If you have a single owner reporting rules will differ.)
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__________________
Trust me, I know what I'm doing. - Sledgehammer I'm Mary Poppin's Y'all! - Yondu We are Groot - Groot |
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#146 |
Penultimate Amazing
Join Date: Sep 2007
Posts: 10,535
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Self made from a small loan from my father.
https://www.nytimes.com/interactive/...red-trump.html It must be nice to think of $413 million as a small loan. |
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#147 |
Penultimate Amazing
Join Date: Jun 2010
Posts: 19,020
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Trump tweets
"Great reviews on the new USMCA. Thank you! Mexico and Canada will be wonderful partners in Trade (and more) long into the future." "THE ONLY REASON TO VOTE FOR A DEMOCRAT IS IF YOU’RE TIRED OF WINNING!" "“USMCA Wins Praise as a Victory for American Industries and Workers”" |
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#148 |
Philosopher
Join Date: Dec 2006
Posts: 8,345
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#149 |
Illuminator
Join Date: Sep 2011
Posts: 4,586
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And now this is a thing:
Trump: 'Scary and difficult time for young men' in US Well especially if you are a young black man, but does anyone believe that's who he meant? |
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So I've started a blog about my writing. Check it out at: http://fourth-planet-problem.blogspot.com/ And my first book is on Amazon: https://www.amazon.com/dp/B077W322FX |
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#150 |
Muse
Join Date: Sep 2016
Posts: 637
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#151 |
Other (please write in)
Join Date: Sep 2006
Location: NeverLand
Posts: 15,021
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__________________
As cultural anthropologists have always said "human culture" = "human nature". You might as well put a fish on the moon to test how it "swims naturally" without the "influence of water". -Earthborn |
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#152 |
Penultimate Amazing
Join Date: Aug 2010
Posts: 10,975
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I wondered if this was your lame take.
The challenge comes down to this: name a country where no man is allowed to marry a woman. If you want to be pedantic, I can state it in terms of quantifiers of first order logic. Name a country in which, for all x such that x is a man and for all y such that y is a woman, x cannot marry y. That is the relevant point, as you well know. You're diddling, sir, and you know it. |
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#153 |
Philosopher
Join Date: Dec 2008
Posts: 6,602
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And Native men. And LGBT men. And I could go on, but of course, Dolt 45 considers both groups vaguely subhuman, as he's a white supremacist.
I also note the entire lack of consideration for women. See, when people discuss white male privilege, this is it in it's purest form. The standard his young men are scared of is the one I'd love to have grown up with. |
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#154 |
Other (please write in)
Join Date: Sep 2006
Location: NeverLand
Posts: 15,021
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__________________
As cultural anthropologists have always said "human culture" = "human nature". You might as well put a fish on the moon to test how it "swims naturally" without the "influence of water". -Earthborn |
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#155 |
Fiend God
Join Date: Oct 2005
Location: In the details
Posts: 78,323
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Yeah but the article is immediately guilty of a bit of misdirection though:
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#156 |
Penultimate Amazing
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#157 |
Fiend God
Join Date: Oct 2005
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#158 |
Penultimate Amazing
Join Date: Dec 2012
Posts: 20,355
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__________________
A wise man proportions his belief to the evidence. ― David Hume |
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#159 |
Self Employed
Remittance Man Join Date: Nov 2009
Location: Florida
Posts: 15,938
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__________________
- "Ernest Hemingway once wrote that the world is a fine place and worth fighting for. I agree with the second part." - Detective Sommerset - "Stupidity does not cancel out stupidity to yield genius. It breeds like a bucket-full of coked out hamsters." - The Oatmeal - "To the best of my knowledge the only thing philosophy has ever proven is that Descartes could think." - SMBC |
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#160 |
Philosopher
Join Date: Mar 2013
Location: NY
Posts: 9,769
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What an incredible guy. A millionaire by the time he was eight!
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