"all billionaires go bankrupt once in a while"

[niyad]

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.

[muntrv]

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

[niyad]

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

[The Velveteen Ocelot]

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

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

[niyad]

5. pretty much my thought as well.

[TCJ70]

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

...bankrupt to billionaire here I come!

[niyad]

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

[Iggo]

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

[niyad]

8. that was kind of my thought.

[ck4829]

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

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

[onethatcares]

10. it's in the small print of the

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

Just as Pam Bondi.