Trump: How to Get Rich: on Corporations


Trust people consistently ranked high over 15 or 20 years

Beware of instant stars in the world of finance. Trust the people who do it again and again, and who are consistently ranked high by the four best institutional business media outlets. But trust your own common sense first.

There are numerous firms that provide comprehensive charts and other information on the best returns from certain financial advisers and funds. Study those charts, not over the short term (maybe they just got lucky) but over a fifteen- or twenty-year period.

Invest with the help of a major firm like Goldman Sachs, Morgan Stanley, Bear Stearns, or Merrill Lynch. These are your hard-earned savings at stake. Don't take unnecessary risks. Generally there is a reason for success.

Source: How to Get Rich, by Donald Trump, p.100-1 Mar 23, 2004

Sue scoundrels but settle with the rest

There will be times when lawyers are essential. Some people are scoundrels. In those instances, sue the bastards. But whenever possible, settle. It saves a lot of time for everyone involved.

I have come to hate doctors. I think that, generally, they are a bunch of money-grubbing hogs. I can tell you about countless instances when doctors have ruined people's lives. As an example, a person I am very fond of had a foot injury that I believe should have healed naturally, but instead, the doctor operated on it, fitting pins and plates into the foot. Now, after over a year of convalescence, this person is having a hard time walking. I think that suing a doctor like this would qualify as worthwhile legal expense.

Source: How to Get Rich, by Donald Trump, p.106 Mar 23, 2004

Sometimes I wait 5 minutes for a deal; sometimes 15 years

I like to move quickly, but if a situation requires patience, I will be patient. The speed depends on the circumstances, and I keep my objective in mind at all times. This alone can be a patience pill. I've spent from 5 minutes to 15 years waiting for a deal.

One good tactic for speeding up a deal is to show a lack of interest in it. This will often make the other side rekindle their efforts to get something going. I was very interested in a deal once, but I said I'd been traveling for a couple of weeks and would get back to them after that. While I was "traveling," they used the time to modify their position and present to me almost precisely what I'd been hoping to get.

A good tactic for slowing down a deal is to distract the other side. One way is to drop hints about whether a certain aspect of the deal should be looked into further, or to mention other deals. That will set them off in a direction that consumes their time. While they're off on a tangent, you'll still be on target.

Source: How to Get Rich, by Donald Trump, p.133 Mar 23, 2004

  • The above quotations are from Trump: How to Get Rich, by Donald J. Trump and Meredith McIver, published March 23, 2004.
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2020 Presidential contenders on Corporations:
  Republicans:
Gov.Larry Hogan (R-MD)
Gov.John Kasich(R-OH)
V.P.Mike Pence(R-IN)
Gov.Mark Sanford (R-SC)
Pres.Donald Trump(NY)
Rep.Joe Walsh (R-IL)
Gov.Bill Weld(MA & NY)
Democrats:
Sen.Michael Bennet (D-CO)
V.P.Joe Biden (D-DE)
Gov.Steve Bullock (D-MT)
Mayor Pete Buttigieg (D-IN)
Sen.Cory Booker (D-NJ)
Secy.Julian Castro (D-TX)
Mayor Bill de Blasio (D-NYC)
Rep.John Delaney (D-MD)
Rep.Tulsi Gabbard (D-HI)
Sen.Kirsten Gillibrand (D-NY)
Sen.Mike Gravel (D-AK)
Sen.Kamala Harris (D-CA)
Gov.John Hickenlooper (D-CO)
Gov.Jay Inslee (D-WA)
Sen.Amy Klobuchar (D-MN)
Mayor Wayne Messam (D-FL)
Rep.Seth Moulton (D-MA)
Rep.Beto O`Rourke (D-TX)
Rep.Tim Ryan (D-CA)
Sen.Bernie Sanders (I-VT)
Adm.Joe Sestak (D-PA)
CEO Tom Steyer (D-CA)
Rep.Eric Swalwell (D-CA)
Sen.Elizabeth Warren (D-MA)
Marianne Williamson (D-CA)
CEO Andrew Yang (D-NY)

2020 Third Party Candidates:
Rep.Justin Amash (L-MI)
Howie Hawkins (G-NY)
Gov.Gary Johnson(L-NM)
V.P.Mike Pence (R-IN)
Howard Schultz(I-WA)
V.C.Arvin Vohra (L-MD)
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Page last updated: Sep 08, 2019