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by Locke1689 3403 days ago
> figures based on Forbes estimate of his net worth.

You know Forbes is just a business magazine, and just a small one at that?

They don't have any privileged information. They probably just based their reporting on his self-reported wealth. At best they could look at the public valuations of some of his properties, but since the Trump organization is privately held they have no way of knowing how badly he's leveraged.

Here's a hint: check how much Forbes said Elizabeth Holmes was worth in 2015.

> I don't know about that. From what I can tell, he seems to consistently follow the same or similar playbook outlined in 'The Art of the Deal'.

That you don't see the difference between a set of strategies for making money in real estate and a governing philosophy of how you see the world and act as a person is the crux of the problem.

1 comments

> That you don't see the difference ... is the crux of the problem.

I'm simply pointing out observable reality.

'Art of the Deal' may just be a set of strategies for making money in real estate, but those same strategies seem to guide how he sees the world and acts as a person.

I'm not making any judgement about whether that is a good or bad thing, but failing to understand that means failing to understand Trump.

This is the Art of the Deal:

  1. Think big
  2. Protect the downside and the upside will take care of itself
  3. Maximize your options
  4. Know your market
  5. Use your leverage
  6. Enhance your location
  7. Get the word out
  8. Fight back
  9. Deliver the goods
  10. Contain the costs
  11. Have fun
Aside from the last one, these are simply statements of strategy on how to achieve your goals. This is not a framework for arriving at the goals themselves. You could use this strategy to work for autocracy or democracy or really any world you want. The first question to ask is which world you want to live in, not how to get there.

His only statements on normative, not positive, values come from things like "America winning" and "being great" and "going back." But it absolutely true that, for many Americans, these are a contradiction in terms.

I can attempt to infer his values from these vague statements, but I think that it is improper for a leader to not start with a set of first principles, independent from ill-defined notions like "winning", that guide what it means to win and what it means to be great.

> I can attempt to infer his values from these vague statements,

Well, there's a whole book that goes in to specific details about those vague statements, so you don't have to infer much at all about what he means by them.

Much of the crazy, and supposedly unpredictable things Trump does, follows the playbook laid out by Art of the Deal. He's been following the same script for decades, and people are somehow surprised when he keeps doing the same thing.

> but I think that it is improper

I'm not commenting on the propriety or value of Trump doing this, just pointing out that he does do it (whether others think it improper or not).

Love him or hate him, if you want to understand him, the Art of Deal provides insight on that.

By "vague statements" I was referring to his comments on "America winning" or "being great again." Does Art of the Deal describe those statements in detail?
It does!

Well, not those statements specifically, it describes that type of statement and Trump's rationale for using them.

Here's a quote -

"The final key to the way I promote is bravado. I play to people’s fantasies. People may not always think big themselves, but they can still get very excited by those who do. That’s why a little hyperbole never hurts. People want to believe that something is the biggest and the greatest and the most spectacular.

I call it truthful hyperbole. It’s an innocent form of exaggeration — and a very effective form of promotion."

So, it's a promotion tactic to get people thinking positive and thinking big, but also, the vagueness means that each person can attribute it to whatever is important to them, which leads to much stronger engagement and emotional connection.

Once again, I think that's more of a statement on how he achieves his goals, not how he arrives at goals in the first place.

For instance, there's an inherent conflict between freedom and security. The government and the people must strike a balance on these issues. How does Trump decide what the right balance is? What philosophical principles does he use to decide how much freedom we should be willing to trade for security?