Is Trump Really a Good Businessman?
The answer is simple. He doesn’t know how to play a board game.
The board game is Monopoly. How old do you have to be to play it reasonably well? Let’s say fourteen. You learn how to move around the board and begin to buy properties as you land on them. You discover that some properties cost more than others but also demand more rent from others if they land on your property. So they are also a source of income. Well, you’ve reached an “Aha” moment and you try to buy up everything you can. You even add hotels on your properties to make more money.
But suddenly something seems to be working against you. Perhaps you get sent to jail or your dice throws are losers, landing you on other player’s properties and, guess what, you have to pay them. You look at your cash on hand and discover that you don’t have enough cash to pay the other player. You are “property rich but cash poor.” Now you have to sell your properties to get some money. You begin a downward spiral of increasing debt and you keep losing properties to keep afloat. But it’s a losing proposition. You sink.
That’s the predicament that Trump is in now. The real problem for him is that he may not truly be “property rich.” If he really owned all the property he claims to own, he could simply get equity loans to raise the needed half a billion. But he isn’t doing that as of this writing. It appears that he doesn’t have the equity. He may have too many debts on all his properties and we know that he lied to lenders for years, overstating the value of properties he wanted to buy.
Where is the “stable genius” of a businessman he claims to be? He can’t even play Monopoly as well as a fourteen year old.