The New York Times reported that President Trump's tax transcripts show that he accumulated over $1 billion in business losses over the course of a decade. But Trump — according to himself — is an excellent businessman.
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00:00I'm a very good dealmaker, believe me.
00:01I do like a deal a second.
00:03I do many, many deals.
00:04Most of them work out.
00:06Some of them don't work out.
00:07They turn out to be great.
00:08I built an unbelievable company.
00:10Some of the greatest assets anywhere in the world,
00:12real estate assets anywhere in the world.
00:13I went to the Wharton School of Finance.
00:15I was a great student.
00:16I built a fortune.
00:17I built an unbelievable company.
00:30Very, very little debt.
00:32Tremendous.
00:33Some of the greatest assets in the world.
00:35Tremendous cash flow.
00:36Tremendous cash sitting there.
00:38I filed my papers with the federal elections.
00:41Everyone said, well, maybe he's not as rich as we think.
00:44So maybe he'll never file.
00:45But I filed.
00:46I do hundreds of deals.
00:48The deals come out of my ears.
00:49And they're good deals.
00:50Most of them are phenomenal deals.
01:02I went to the best school.
01:03I did great.
01:04You go to the Wharton School of Finance,
01:06you go through it easily.
01:07You do fantastically well.
01:09I think one of the most important aspects of the book
01:10is I try and define people that don't have it.
01:13Because most people don't have it.
01:14And that's the sad part.
01:15And they want to have it.
01:16And they go out and they lose their money.
01:18They lose their families.
01:19They lose everything.
01:20And it's a sad situation.
01:22But you see it a lot with these hucksters
01:23that are on television selling deal books.
01:25I went to an Ivy League college.
01:27I went to the Wharton School of Finance,
01:28which is the best business school in the world.
01:30I'm like a smart person.
01:31And everyone said, oh, he'll never file
01:32because maybe he's not as rich as we thought.
01:34And it turned out I'm much richer
01:35than anybody ever thought.
01:37And the company's great.
01:37Very little debt.
01:38Tremendous cash flow.
01:39You know, I've always taken in money.
01:40I like money.
01:41I'm very greedy.
01:43I'm a greedy person.
01:44I shouldn't tell you that.
01:45I've always been greedy.
01:46I love money, right?
01:47I take in a lot.
01:47I made a lot of money.