FactCheck: No, steel & auto investments aren't skyrocketing

"Big steel is opening and renovating plants all over the country. Auto companies are pouring into the U.S., including BMW, which just announced a major new plant," Trump tweeted in November.

This is not true, according to industry experts. Auto investment is down; BMW had said they might open a new plant, but they didn't announce one. There are a handful of bright spots for steelmakers--production is up, for one--but there's no sign of a broad trend of investment and new plants.

The falsehood came days after news broke that General Motors would close American plants because the president's steel tariffs raised the cost of doing business, and Trump has repeatedly sought to portray his trade war as a boon to the country.

US open for business: keep Carrier AC in Indiana

A central theme of Trump's 2016 presidential campaign had been bringing back jobs that had been outsourced to other countries. That point was something he emphasized last week with a deal that was to retain some jobs at Carrier, which manufactures air conditioners in Indiana, rather than having those jobs exported to Mexico.

Trump tweeted: "Any business that leaves our country for another country... fires its employees, builds a new factory or plant in the other country, and then thinks it will sell its product back into the US... without retribution or consequence, is WRONG! There will be a tax on our soon-to-be-strong border of 35% for these companies...wanting to sell their product, cars, A.C. units etc., back across the border."

OpEd:Thinks you can punish business into doing what you want

But you say, "wait, wait, wait, isn't he a huge business success? Doesn't he know what he's talking about?" No, he isn't and no he doesn't.

His bankruptcies have crushed small businesses and the men and women who work for them. He inherited his business, he didn't create it. And whatever happened to Trump Airlines? How about Trump University? And then there's Trump Magazine and Trump Vodka and Trump Steaks and Trump Mortgage. A business genius he is not.

2002: Participated in development boom of Jersey City

First real estate deal: 1,200-unit residential foreclosure

Vulture lawyers look for businesses known to settle cases

Business is an acquired skill based on discipline & focus

There's a certain amount of bravado in what I do these days, and part of that bravado is to make it look easy. That's why I've often referred to business as being an art.

I received a star on the Hollywood Walk of Fame in 2007, which was a big surprise for someone who opted for a real estate career. Did I have a natural talent for the entertainment industry? Maybe, but I've always paid attention to it, and I'm always learning. When I was in school, I always studied on my own in addition to what was required. I've noticed that a lot of very successful people have done the same thing, no matter what their respective fields might be.

Recuperated from debt with hard work and intelligence

Look below the daily news to identify big sweeping changes

Do your research, but then trust your instincts

Q: I'm starting a small business, and I have a clear vision of what I want my business to become. What do you think are the five most important aspects to consider when opening a small business in a small but global (when tourism is considered) town?

2. Know the market.
3. Do your research.
4. Go with your gut. Trust your instincts.
5. Be prepared to work every single day at full capacity.
6. Don't give up--ever. Be tough and tenacious.

Trust people consistently ranked high over 15 or 20 years

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.