Donald Trump: Don’t Love Investments
on Saturday, March 4, 2017Donald Trump Money Quote saying investment risk should be measured by willingness to lose the amount you invest, so hold on to what you love and can’t afford to say goodby to. Donald Trump said:
“How much money can you stand to lose? That’s how much risk you should assume. If you can’t afford to lose it, play it safe. Never fall in love with your investments. Do that and you’re in big trouble. To be a visionary and to be a billionaire, you have to chase impossibilities. Few ever get rich easily” — Donald Trump
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In this quote, Donald Trump provides some advice about taking risks with investments. Some key points in interpreting his perspective:
- He suggests the level of risk one takes on should correlate to how much financial loss they can withstand, implying greater risk is acceptable for the wealthy.
- Trump warns against becoming too emotionally attached to specific investments, as that could cloud objective decision-making.
- He portrays pursuing “impossibilities” and not taking the easy path as traits of visionaries and billionaires like himself.
However, a balanced interpretation would note that risk tolerance varies significantly between individuals, and past successes are no guarantee of future returns. While ambition and calculated risk-taking can lead to rewards, overconfidence in long-shot bets could also result in loss.
A variety of factors beyond risk appetite determine both investment outcomes and business success over the long run. Overall, the quote reflects Trump’s outlook but a balanced view considers multiple reasonable perspectives on complex financial issues.