Yes. Passive investors just follow the crowd and hope the propagana they've been fed works out for them, because when you take the money out (luck) has a lot to do with the end result.
Why not? He inherited a rumored to be $200M, decades earlier, and by 90', he was a billionaire who filed bankruptcy and, according to the Guiness Book of Records, the quickest to make it back. I did the same example, months ago, using 75', so 40yrs., and investing in the SPY. He would have been worth $11B, and $27B(with dividends reinvested), respectively. His rate of return, was something like 3-4%, per year, to be worth a few billion(according to Forbes). He has a dozen failed business in the last few years including everything from water and vodka to his scam Trump University. I think the only other billionaire as dangerous to investors is George Economou, who uses Dryships, as his own personal piggy bank on its way to bankruptcy while his private company makes a fortune.lol
He didn't inherit $200M. His father had 5 children and some apartments, but obviously Donald would not have been the sole beneficiary, even if he did run the family real estate business. What Donald would do was buy an option on expensive but troubled property, do some deal making, and then sell the property once the zoning financing etc problems were worked out. But that did not require leveraging up the family fortune for his sole benefit. Donald had a great head start in life, he knew the real estate business inside out from his father and then he used his knowledge and natural charm to get things done, but he did not need huge amounts of money to do that. I read the book by his lawyer George Ross and Donald mostly worked the politicians and other authorities to get difficult projects off the ground. For instance one famous building was owned by a reclusive German that nobody could get in touch with, and Donald went over to Germany and convinced him to sell and made a lot of money. That doesn't require yuuuuuuuge capital.