Weeks before his death from pneumonia caused by the AIDS on February 4, 1987, Władziu Valentino Liberace told Oprah Winfrey what occurred when he “went shopping with Donald Trump.”
“I had a nice fur coat on, and we went up to this furrier, and Donald saw this coat and he said, ‘Why don’t you try that on? That kind of looks like you,’” Liberace said.
“And I tried it on,” he continued. “I said, ‘Do you really think it looks like me?’ He says, ‘I like it better than the one you’re wearing.’ So I say, ‘Well maybe I should get it in then.’ He said, ‘No, wait, wait.’”
“So we left, and I said, ‘Why wouldn’t you let me buy that coat?’ Because, he said, ‘I can get a better price for you.’”
The point of this story is that President Trump uses his basic knowledge of business even when he is out shopping with friends.
Does he still keeps the basic principles of business is unclear, but his accomplishments in the business world imply that he never stopped.
Investopedia, states that before Trump became president, he “was one of the most well-known real estate moguls in the world and his net worth was $3.5 billion because of his ability to make “lucrative deals.”
It seems like President Trump is still prioritizing the principles of business, given his recent deal with Chinese President Xi Jinping in November of $250 billion in trades between companies.
General Electric, Qualcomm, and Boeing are among the U.S. companies having the multi-billion-dollar deals, which the Trump administration hopes will help the problem of having a difficult trade between America and China.
Donald Trump has issued a book, long time ago, of his deal-making methodology in “Trump: The Art of the Deal,” book in which he included 11 steps for business success:
- Think big
- Protect the downside and the upside will take care of itself
- Maximize your options
- Know your market
- Use your leverage
- Enhance your location
- Get the word out
- Fight back
- Deliver the goods
- Contain the costs
- Have fun
We can’t know for sure what would Liberace think of Trump’s presidency if he was still alive today, but many say he would’ve support him given their personal relationship.
Alexander Chancellor, a writer for The U.K. Spectator, wrote last year that he believes that both Liberace and Trump were energetic men “with a taste for flamboyant luxury” who were loved as everyday men by middle-class Americans.
“Despite his self-indulgence and obsession with luxury, Liberace was accepted by fellow Midwesterners as one of them; and Trump’s flaunting of his billions of dollars doesn’t deter people from regarding him as their champion against a selfish, wealthy elite,” Chancellor wrote.
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