Friday, July 12, 2019
Bankruptcy Part of the Game
Part of my ritual every morning is to read the funnies on the
Internet, since I quit buying newspapers long ago when the Denver
Post
ran the Rocky
Mountain News
out of business, took over most of their properties, then immediately
reduced their page size AND number of pages while raising their
prices. I only knew about their per paper charge, since I’m not an
advertiser. But it was so naked a “takeover” of a newspaper that
was older than this state, I could not ignore it. But one of the
comments to an editorial cartoon noted Trump’s few bankruptcies,
and said “maybe we should rely on someone who is not a failure to
be the president. Like most anti-Trumpers, he only noticed the
bankruptcies, and not the many successes Trump has realized on the
way to becoming one of th richest men in the nation. What he doesn’t
realize is that bankruptcy is “part of the game.” When unexpected
reverses happen, that’s how you get out of that particular project
with a “whole skin” while making your money elsewhere. If there
were only a few bankruptcies over the years, that’s a GOOD thing.
It’s
fair to note that, while he had a few bankruptcies, his other
projects were still making him a lot of money. He wasn’t “broke,”
as this fool said. Bankruptcy is “just a tool” you use when
things on a certain project go bad. This is how the “anti-Trumpers”
work. Seize upon the few reverses while ignoring the many successes.
(Just common sense)
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment