That's not a good comparison. There are many more people who inherited as much money and who haven't increased their wealth.
It suggests that Trump has been less successful, in terms of turning money into more money, than the average business in one of those index funds. The fact that individual investors often do even worse than that by investing badly is neither here nor there.
than the average business in one of those index funds.
Most businesses do worse than the average business in one of those index funds. Individuals don't maxmize for wealth. Trump has brought a big yacht. He doesn't live the frugal life. Comparing apples to oranges makes no sense. You would have to compare Trump to similar people.
If it's worth saying, but not worth its own post (even in Discussion), then it goes here.
Notes for future OT posters:
1. Please add the 'open_thread' tag.
2. Check if there is an active Open Thread before posting a new one. (Immediately before; refresh the list-of-threads page before posting.)
3. Open Threads should be posted in Discussion, and not Main.
4. Open Threads should start on Monday, and end on Sunday.