Real Donald Trump Wisdom

4th Republican Candidates Debate in Milwaukee, Wisconsin

PARTICIPANTS: Former Governor Jeb Bush (FL); Ben Carson; Senator Ted Cruz (TX); Carly Fiorina; Governor John Kasich (OH); Senator Rand Paul (KY); Senator Marco Rubio (FL); and Donald Trump;

MODERATORS: Gerard Baker (The Wall Street Journal); Maria Bartiromo (Fox Business Network); and Neil Cavuto (Fox Business Network)

3rd Republican Candidates Debate, in Boulder, Colorado

PARTICIPANTS: Former Governor Jeb Bush (FL); Ben Carson; Governor Chris Christie (NJ); Senator Ted Cruz (TX); Carly Fiorina; Former Governor Mike Huckabee (AR); Governor John Kasich (OH); Senator Rand Paul (KY); Senator Marco Rubio (FL); and Donald Trump;

MODERATORS: John Harwood (CNBC); Becky Quick (CNBC); and Carl Quintanilla (CNBC)

2nd Republican Candidates Debate, in Simi Valley, California

PARTICIPANTS: Former Governor Jeb Bush (FL); Ben Carson; Governor Chris Christie (NJ); Senator Ted Cruz (TX); Carly Fiorina; Former Governor Mike Huckabee (AR); Governor John Kasich (OH); Senator Rand Paul (KY); Senator Marco Rubio (FL); Donald Trump; and Governor Scott Walker (WI);

MODERATORS: Jake Tapper (CNN); Dana Bash (CNN); and Hugh Hewitt (Salem Radio Network)

1st Republican Candidates Debate in Cleveland, Ohio

PARTICIPANTS: Former Governor Jeb Bush (FL); Ben Carson; Governor Chris Christie (NJ); Senator Ted Cruz (TX); Former Governor Mike Huckabee (AR); Governor John Kasich (OH); Senator Rand Paul (KY); Senator Marco Rubio (FL); Donald Trump; and Governor Scott Walker (WI);

MODERATORS: Bret Baier (Fox News); Megyn Kelly (Fox News); and Chris Wallace (Fox News)

Remarks Announcing Candidacy for President in New York City

"I could talk big for only so long. Eventually I had to prove -- to the real estate community, to the press, to my father -- that I could deliver the goods." - Donald J. Trump

"I worried about the future of New York City too, but I can't say it kept me up at nights. I'm basically an optimist, and frankly, I saw the city's trouble as a great opportunity for me. Because I grew up in Queens, I believed, perhaps to an irrational degree, that Manhattan was always going to be the best place to live -- the center of the world. Whatever troubles the city might be having in the short term, there was no doubt in my mind that things had to turn around ultimately. What other city was going to...

"In the end, of course, it never pays to be in too much of a hurry." - Donald J. Trump

PBD on Trump

"Perhaps the most important thing I learned at Wharton was not to be overly impressed by academic credentials. It didn't take me long to realize that there was nothing particularly awesome or exceptional about my classmates, and I could compete with them just fine." - Donald J. Trump

Fred Trump: #Competence #Efficiency

Mary Trump: #Splendor #Magnificence

"Life is very fragile, and success doesn’t change that. If anything, success makes it more fragile. Anything can change, without warning, and that’s why I try not to take any of what’s happened too seriously. Money was never a big motivation for me, except as a way to keep score. The real excitement is playing the game." - Donald J. Trump

"I believe in spending what you have to. But I also believe in not spending more than you should. [...] the day I can’t pick up the telephone and make a twenty-five-cent call to save $10,000 is the day I’m going to close up shop." - Donald J. Trump

"But that experience also taught me something. Until then, I’d never understood how Jimmy Carter became president. The answer is that as poorly qualified as he was for the job, Jimmy Carter had the nerve, the guts, the balls, to ask for something extraordinary. That ability above all helped him get elected president. But then, of course, the American people caught on pretty quickly that Carter couldn’t do the job, and he lost in a landslide when he ran for reelection.

Ronald Reagan is another example. He is so smooth and so effective a performer that...

"Much as it pays to emphasize the positive, there are times when the only choice is confrontation." - Donald J. Trump

"You can have the most wonderful product in the world, but if people don't know about it, it's not going to be worth much. [...} You need to generate interest, and you need to create excitement." - Donald J. Trump

"My point is that the real money isn't made in real estate by spending the top dollar to buy the best location. You can get killed doing that, just as you can get killed buying a bad location, even for a low price. What you should never do is pay too much, even if that means walking away from a very good site. Which is all a more sophisticated way of looking at location." - Donald J. Trump

"A Deal is a Deal: once you make a deal with someone, it's really important to carry it through. If you start developing the wrong reputation, it makes it impossible to make future deals. Once you shake hands, that should be it." - Donald J. Trump

In this episode, we explore the ethical dilemmas faced by participants in The Apprentice, focusing on the importance of reliability, reputation, and ethical boundaries in business. Trump emphasizes that one's word should be their bond and that maintaining goodwill is crucial for future opportunities. The discussion also highlights the strategic management...

"Leverage: don't make deals without it." - Donald J. Trump

"I ask and I ask and I ask, until I begin to get a gut feeling about something.

And that's when I make a decision." - Donald J. Trump

Maximize Your Options: "Once I've made a deal, I always come up with at least a half dozen approaches to making it work, because anything can happen, even to the best laid plans." - Donald J. Trump

Apprentice Lesson #3:

"The Art of the Deal:

Negotiation is a very, very delicate art.

Sometimes you have to be tough.

Sometimes you have to be sweet as pie.

You never know, it depends on who you're dealing with.

I've always said that negotiation is not really learned, it's almost innate, it's in the genes.

A negotiator is born." - Donald J. Trump

Protect the Downside and the Upside Will Take Care of Itself

"might as well think big"

"one of keys to thinking big is total focus"

key elements: Intelligence, Instincts, Courage, and Good Fortune

Don't negotiate with underlings

"it's very simple, deal with the boss wherever possible" - Donald J. Trump

episode lessons:

"The men's team, Versacorp, compete with the women's team, Protégé Corporation, on a more advanced business project this week. They are to produce a print ad, TV commercial, proposal and media plan for Marquis Jet, luxury bu...

approach to media: criticism can go both waysapproach to getting what he wants in negotiations: reads the room, understands other party’s drive and motivations, proposes a relatively good deal, is willing to walk away, balances patience with persistence; comes back to it with different offers as market conditions evolveapproach to costs: lavish for personal space, very careful and cost-conscious in professional settings

Location, location, location!

A few lessons:

"The inaugural episode of the series has virtually all the same components that propelled it to 15 seasons. There are 16 candidates in a 13 week job interview with the promise the winner gets a "6 digit salary" in the Trump organization."

Lessons learned:

- create compelling spectacles / know how to entertain

- when attempting to secure a deal, first highlight the points that the other party will like - being comfortable talking is a skill that helps in sales

- Trump prefers earth tones to primary colors (for building decorations)

- nailing costs is the name of the game in real estate development

- speak directly to the owner/manager if you want your case handled with more expediency and competence

- always be willing to walk away <...

Lessons learned: - side with winners - tune in to your instincts - be adaptable to your environment - 'hire the best from the best' - understand what appeals to people - leverage media to your advantage: 'getting press can be very helpful in making deals' - be pragmatic - be patient - show respect to religious leaders - traits that

@realDonaldTrump

admires: warmth and great political instincts

lessons condensed:

- when the request is in a good-faith and reasonable, be accommodating

- it's a loop; do business with people you appreciate, tell people you appreciate them

- provide value

- know your worth & have a “many options” attitude

- have a long time horizon

- don't get too excited by the first offer

- think of small tasks you can do today that will save time, money, efforts, or energy tomorrow

- be persistent (yet adaptable to evolving circumstances)

...

Lessons learned::

- don't let personal preferences affect your business judgment

- never waste (yours or someone else's) time, go straight to the point; keep things brief

- think of second order consequences and incentives

- cultivate the courage to speak up your convictions even when it may be unpopular

- protect your time

- "keep as many options open" as you can

- think "Right Price" and "Cash Flow"

- cultivate the ability to see through the essence of a deal as...

lessons learned:

- @realDonaldTrump was respected by top Wall Street CEOs already in the 1980s

- be a good judge of character & potential; bet on winners and good people

- be generous with your gifts; skillset, network

- be tough when necessary: "the fact is that if you’re right, you’ve got to take a stand, or people will walk all over you."

- "I don’t hold it against people that they have opposed me. I’m just looking to hire the best talent, wherever I can find it...

Lessons:

- keep your schedule flexible

- keep your meetings short & to the point

- strive for a high a level of input & output

- "plan for the future by focusing on the present"

Hey guys, welcome to the Real Donald Trump Wisdom podcast.

Donald Trump needs no introduction.

He served as the 45th President of the United States and at the time of this recording is soon to be sworn-in as the 47th President of the USA.

In this podcast, we will explore the tools, techniques, and mindsets that built Donald Trump’s acumen in business, media, social, and personal life.

He has without a doubt achieved what few others have in their lifetimes and we can all learn from his accomplishments.

Th...