Losing $916M in one year is not smart

[Skull Pilot]

The more I learn about Trump, the more serious doubts I have he is a billionaire.

I think every last thing Trump says about himself is a lie.

At this point, if Trump shook my hand, I would count my fingers and check to make sure I still had my wallet.

Yet the tax returns that were released PROVED he at least had a billion.

What a moron...

Assets aren't listed on a tax return

 

[Skull Pilot]

Shillary claimed a 710000 dollar loss in 2012 but you people don't care about that do you?

 

[Norman]

The more I learn about Trump, the more serious doubts I have he is a billionaire.

I think every last thing Trump says about himself is a lie.

At this point, if Trump shook my hand, I would count my fingers and check to make sure I still had my wallet.

Yet the tax returns that were released PROVED he at least had a billion.

What a moron...

Assets aren't listed on a tax return

You can't lose a billion in equity unless you have one, not including some unrealistic theoretical scenarios... I thought you were better than this.

 

[TheGreatGatsby]

The OP thinks the money was really "lost". Operating profits may have been negative 916 M on paper.

Operating profits and losses are actual money gained or lost.

• Operating Loss - OL
  
• operating loss definition | Dictionary | AccountingCoach

In tax parlance it's called a "net operating loss," but it's still spending more real money than one has earned in one's business(s). That is why EBIT and EBITDA mean very different things to investors and business owners/managers. It's also why tax savings are so important; they contribute directly to cash flow. When one has an NOL, in the year of the NOL's initial occurrence, you can be sure that nowhere near enough cash flowed in the right direction. In Trump's case, $916M of his actual money flowed in the wrong direction.

"Paper losses" are what one has when a stock's price drops below the price one paid for them. They do not become actual money losses until one sells the stock. That's so for other financial instruments as well.

Trump's businesses are his own. There is no stock transaction that can account for the gains and losses because his companies stock is not traded; it's merely owned by him and his family.

Without actually reviewing the operating loss specifics, you can't say that it was anything so devastating is the point though. Clearly, the loss was not devastating given the overall positive direction of Trump's businesses.

Dude, you find me one person on the planet who will describe a $916M operating loss of their own money as "not devastating."

If you think it's that bad, you're only selling Trump. He will bring this country back from the ashes like he did his businesses.

A few key points worth considering:

• That $916B NOL was due to his bad decision making re: organizations he ran. I am not keen on the prospect of his doing the same to the U.S. government or U.S. economy because he's only got four years to screw up and fix it. We already have seen what impact his failed casino businesses had on thousands of folks and we've seen the non-value of his Trump U. business. Do we really need to let him have the ability to make similar mistakes, albeit on a far larger scale, with the next thing he's had no experience doing -- running a government -- let alone the biggest and most important one the planet?
• Assuming it took him 20 years to do it, I don't think the country will cotton to recovering from whatever mistakes me makes taking that long. Do you?

Clearly, it wasn't that bad. He understood how leverage works, and he used it to his advantage. He'll do that for the USA, too. He's right when he calls out our leaders for not knowing what the fuck they're doing.

 

[Skull Pilot]

The more I learn about Trump, the more serious doubts I have he is a billionaire.

I think every last thing Trump says about himself is a lie.

At this point, if Trump shook my hand, I would count my fingers and check to make sure I still had my wallet.

Yet the tax returns that were released PROVED he at least had a billion.

What a moron...

Assets aren't listed on a tax return

You can't lose a billion unless you have one... I thought you were better than this?

A business can absolutely lose a billion without actually having a billion in cash.

You need to learn about leveraging

 

[Skull Pilot]

The more I learn about Trump, the more serious doubts I have he is a billionaire.

I think every last thing Trump says about himself is a lie.

At this point, if Trump shook my hand, I would count my fingers and check to make sure I still had my wallet.

Yet the tax returns that were released PROVED he at least had a billion.

What a moron...

Assets aren't listed on a tax return

You can't lose a billion in equity unless you have one, not including some unrealistic theoretical scenarios... I thought you were better than this.

It depends on whether or not that equity was bought with actual profit or with leveraged funds

 

[Norman]

Operating profits and losses are actual money gained or lost.

• Operating Loss - OL
  
• operating loss definition | Dictionary | AccountingCoach

In tax parlance it's called a "net operating loss," but it's still spending more real money than one has earned in one's business(s). That is why EBIT and EBITDA mean very different things to investors and business owners/managers. It's also why tax savings are so important; they contribute directly to cash flow. When one has an NOL, in the year of the NOL's initial occurrence, you can be sure that nowhere near enough cash flowed in the right direction. In Trump's case, $916M of his actual money flowed in the wrong direction.

"Paper losses" are what one has when a stock's price drops below the price one paid for them. They do not become actual money losses until one sells the stock. That's so for other financial instruments as well.

Trump's businesses are his own. There is no stock transaction that can account for the gains and losses because his companies stock is not traded; it's merely owned by him and his family.

Without actually reviewing the operating loss specifics, you can't say that it was anything so devastating is the point though. Clearly, the loss was not devastating given the overall positive direction of Trump's businesses.

Dude, you find me one person on the planet who will describe a $916M operating loss of their own money as "not devastating."

If you think it's that bad, you're only selling Trump. He will bring this country back from the ashes like he did his businesses.

A few key points worth considering:

• That $916B NOL was due to his bad decision making re: organizations he ran. I am not keen on the prospect of his doing the same to the U.S. government or U.S. economy because he's only got four years to screw up and fix it. We already have seen what impact his failed casino businesses had on thousands of folks and we've seen the non-value of his Trump U. business. Do we really need to let him have the ability to make similar mistakes, albeit on a far larger scale, with the next thing he's had no experience doing -- running a government -- let alone the biggest and most important one the planet?
• Assuming it took him 20 years to do it, I don't think the country will cotton to recovering from whatever mistakes me makes taking that long. Do you?

Clearly, it wasn't that bad. He understood how leverage works, and he used it to his advantage. He'll do that for the USA, too. He's right when he calls out our leaders for not knowing what the fuck they're doing.

They have no clue indeed, they only know how to enrich themselves and the special interest.

 

[TheGreatGatsby]

The more I learn about Trump, the more serious doubts I have he is a billionaire.

I think every last thing Trump says about himself is a lie.

At this point, if Trump shook my hand, I would count my fingers and check to make sure I still had my wallet.

Yet the tax returns that were released PROVED he at least had a billion.

What a moron...

Assets aren't listed on a tax return

You can't lose a billion in equity unless you have one, not including some unrealistic theoretical scenarios... I thought you were better than this.

That's not an absolute given the nature of credit. One of two things happened here though. One: the accountants had a field day, likely going against GAAP and it helped Trump. Two: Trump made a monumental comeback. Of course, the truth could very well lie in between; I'm not discounting degrees. Either way, this is a non-starter for me. The OP is a fail.

 

[Norman]

The more I learn about Trump, the more serious doubts I have he is a billionaire.

I think every last thing Trump says about himself is a lie.

At this point, if Trump shook my hand, I would count my fingers and check to make sure I still had my wallet.

Yet the tax returns that were released PROVED he at least had a billion.

What a moron...

Assets aren't listed on a tax return

You can't lose a billion in equity unless you have one, not including some unrealistic theoretical scenarios... I thought you were better than this.

It depends on whether or not that equity was bought with actual profit or with leveraged funds

"Bought" is not the correct term, but whatever, I highly doubt that he had any subordinated loans or such arrangements. I think you realize yourself that you are just playing dumb.

 

[Skull Pilot]

The more I learn about Trump, the more serious doubts I have he is a billionaire.

I think every last thing Trump says about himself is a lie.

At this point, if Trump shook my hand, I would count my fingers and check to make sure I still had my wallet.

Yet the tax returns that were released PROVED he at least had a billion.

What a moron...

Assets aren't listed on a tax return

You can't lose a billion in equity unless you have one, not including some unrealistic theoretical scenarios... I thought you were better than this.

It depends on whether or not that equity was bought with actual profit or with leveraged funds

"Bought" is not the correct term, but whatever, I highly doubt that he had any subordinated loans or such arrangements. I think you realize yourself that you are just playing dumb.

Actually I used equity instead of assets and that was an error

 

[Norman]

Yet the tax returns that were released PROVED he at least had a billion.

What a moron...

Assets aren't listed on a tax return

You can't lose a billion in equity unless you have one, not including some unrealistic theoretical scenarios... I thought you were better than this.

It depends on whether or not that equity was bought with actual profit or with leveraged funds

"Bought" is not the correct term, but whatever, I highly doubt that he had any subordinated loans or such arrangements. I think you realize yourself that you are just playing dumb.

Actually I used equity instead of assets and that was an error

No, that was correct. Profits are part of equity, not assets. He could lose a LOT more assets than the billion or whatever, since I am sure he has lots of debt as almost all corporations.

Anyway, the technicalities are not that important. But anyone who thinks he is not a billionaire after seeing a loss of a billion is definitely stretching it.

 

[Onyx]

Trump is a lousy businessman but quite possibly the greatest promoter since P.T. Barnum. His name is worth more than his property holdings. He sells his name, gets a piece of the action and that 's it!

That is so fucking true.

The reason he got all of his property. Promotion and little else. Investors flung to his projects like flies, and then it turns out they were carrying all the weight.

 

[Norman]

Trump is a lousy businessman but quite possibly the greatest promoter since P.T. Barnum. His name is worth more than his property holdings. He sells his name, gets a piece of the action and that 's it!

That is so fucking true.

The reason on how he got all his property. Promotion and little else. Investors flung to his projects like flies, and then it turns out they are carrying all the weight.

^^ Yet a other idiot who thinks a billionaire is just too unsuccessful to be the president... while he voted for comparatively much poorer Obama.

 

[Onyx]

^^ Yet a other idiot who thinks a billionaire is just too unsuccessful to be the president... while he voted for comparatively much poorer Obama.

He became a billionaire by being a dishonest crook, excluding the silver spoon, government bailout, and government subsidies. .

Donald is successful for all the wrong reasons. Would you vote Al Capone for president, because Donald might as well be his autistic brother?

 

[Iceweasel]

Investors flung to his projects like flies, and then it turns out they are carrying all the weight.

DING, your fries are ready, go get em, boy.

 

[Norman]

^^ Yet a other idiot who thinks a billionaire is just too unsuccessful to be the president... while he voted for comparatively much poorer Obama.

He became a billionaire by being a dishonest crook, excluding the silver spoon, government bailout, and government subsidies. .

Donald is successful for all the wrong reasons. Would you vote Al Capone for president, because Donald might as well be his autistic brother?

And you are somehow able to prove all those fictitious claims, despite the fact that you can't possibly even run a lemonade stand?

Doubt it!

Clinton is the big banking candidate who made the bailouts and so on happen by the way. She is much worse than Al Capone.

 

[Onyx]

And you are somehow able to prove all those fictitious claims, despite the fact that you can't possibly even run a lemonade stand?

No arguments. Just insults.

Stop insulting my intelligence.

 

[Norman]

And you are somehow able to prove all those fictitious claims, despite the fact that you can't possibly even run a lemonade stand?

No arguments. Just insults.

Stop insulting my intelligence.

You had no arguments, just assertions... I provided plenty of facts.

You are a moron, and you know it.

 

[g5000]

The more I learn about Trump, the more serious doubts I have he is a billionaire.

I think every last thing Trump says about himself is a lie.

At this point, if Trump shook my hand, I would count my fingers and check to make sure I still had my wallet.

Yet the tax returns that were released PROVED he at least had a billion.

What a moron...

No, they proved he LOST a billion.

What a moron.

 

[Norman]

The more I learn about Trump, the more serious doubts I have he is a billionaire.

I think every last thing Trump says about himself is a lie.

At this point, if Trump shook my hand, I would count my fingers and check to make sure I still had my wallet.

Yet the tax returns that were released PROVED he at least had a billion.

What a moron...

No, they proved he LOST a billion.

What a moron.

Kinda difficult to lose one if you don't have one.... idiot.