Progress Report 3

Progress Report 3
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Progress report 3

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  • The Art of the Deal by Donald Trump
  • Theme
  • Theme Development 1
  • "The toughest business decision I ever made was giving up my option on the West Side Yards in the summer of 1979. The easiest business decision I ever had to make was buying those same hundred acres in January 1985" (Trump 215).
  • Progress Report #3 by Tim Ford
  • Theme Development 2
  • "By the end of the week I'd sold my entire stake in Holiday Inns... I earned a profit of many millions of dollars" (Trump 148)
  • A major theme of the story is that patience pays off. Throughout the story there are several occasions in which being patient results in something good. Trump deals with several different business experiences, and in all of them his patience is key. 
  • Theme Development 3
  • At the very beginning of the book Trump talks about his recent purchase of the West Side Yards, a 100 acre plot of land along the Hudson River in New York City. He decides the sell the property in 1979. The property was valued at nearly 250 million dollars, and after nine years of not having the property and decided to buy it back for 95 million dollars. Trumps patience over the years results in him making millions of dollars. 
  • Thematic Solution
  • In Trump's first deal with Holiday he purchased an old run-down casino in Atlantic City, right along the beach. Over the years Trump bought property and stock for Holiday Inns. However, in the first page of the book Trump considered selling his Holiday stock, but he decided against it at the time. Two years after that he finally decided to pull the trigger and sell. The patience that Trump shows with Holiday eventually pays off for him. 
  • Trump was always interested in buying Hilton stock or property. From the beginning of the book Trump never decided to buy Hilton due to there poor property location. This all changed when Hilton built a hotel in Atlantic City. He saw this as the perfect opportunity and made his biggest purchases ever at $325 million.  After a few simple changes the failing hotel is making millions of dollars. Trump shows extreme patience when deciding to buy the perfect Hilton hotel.
  • "We are projecting revenues of $310 million and a gross operating profit well in excess of $70 million. It pays to trust your instincts" (Trump 164).
  • Personally, I think that Trump will end the book by telling a story about the biggest and best deal he has ever made. So far the book has mainly been Trump saying what he done in his career, and how he has made money. I think that he is leaving the best for last. 
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