Donald Trump.... what a scumbag

Donald 'Da Crook' Trump

I've never liked Donald Trump. I do admire successful people. He is an exception. How on earth can someone who claims to be successful businessman, the man with the golden touch, loose money owning casinos? Simple. He is crooked as a dog's hind leg. Anyone who invests their money in his enterprises has to be a stupid fool.

He is crooked, and rich, because he knows how to manipulate the books so that his personal fortune always gets the winning investments, and his shareholders get stuck with the dogs. He has mastered the art of using OTM (Other People's Money).

He sucked so much money out of his casino that it never had a chance. That is why it went bankrupt. I'd bet the company that "owns" the casino has to pay Donald a fat licensing fee to use the Trump name. That way he gets paid when the shareholders don't.

This weekend Donald is up to his usual three-card-monte tricks. He participated as a buyer in a bankruptcy auction of land he already owns in Atlantic City. Yes, that's right. He is bidding on his own property. And guess what? He won the auction. Story on CNN.

One of his companies came out as the winner for property that another one of his companies owns and had to dump in a bankruptcy fire-sale. In the words of Shakespeare's Hamlet, "Something is rotten in the state of Denmark."

Here are two free investing tips:

1. Never invest in a company that doesn't have a full time CEO. Trump is CEO of a handful of his companies. His attention to his hotel & casino company is a fraction of what it should be.
2. Never invest in a company where CEO and top executives have inherent conflicts of interest such as also owning the company that the owns the land, name, or other critical resource. Trump owns the land under his casinos, and he owns the name on their marquees.