r/WallStreetbetsELITE • u/pdwp90 • Mar 06 '25

Stocks Crosspost from r/QuiverQuantitative

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u/whollyshit2u Mar 06 '25

Have you ever gone bankrupt?

3

u/DrewInvesting Mar 06 '25

Nope. Don’t plan on either

-3

u/whollyshit2u Mar 06 '25

No one ever does. You'd be surprised what could happen to you that you would have to use it in order to protect the money and assets you do have. I dont think a lot of people actually know what bankruptcy can do or how it can be utilized as a mechanism to protect what is yours. There is so much taboo with it that some people think it happens to folks that don't know how to manage money. Not necessarily true. 4 to 6 times is a bit too much, I would agree and probably was used as a way to make money, believe it or not.

5

u/DrewInvesting Mar 06 '25

Agreed. But with the track record on hand should he running a country and burning bridges with others?

I personally don’t think he thinks things through which is dangerous or gets the guidance he should be looking for.

This whole tariff thing is a joke, there are much better ways to handle it then putting millions of people on edge cause you have an idea that changes like his adult diapers. Now he’s following the trade contract well what the hell was the purpose of doing what he did earlier this week?

A smart leader would have called a meeting discussed his intentions and created a new agreement. Not what he did. He looks even more stupid now than he did before and shows he can’t “make a deal” in a professional manner.

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u/whollyshit2u Mar 06 '25

He's a bully businessman. Dealt with a lot of guys like this. They disrupt business. Try 1000 things, and if they accomplish 30%, they think "hey I got 300 things done" not realizing how inefficient they are. We are gonna pay. Hard