I’ve been covering Donald Trump off and on for more than 25 years, and what has always struck me is his lack of impulse control. It was his biggest problem when I first started dealing with him in the 1980s, and it’s his biggest problem now.
Plenty of financial and real estate players got carried away in the go-go 1980s. But Trump was in a class by himself.
He ended up presiding over six — count ’em, six — bankruptcies because he kept making business decisions with his gut rather than with his brain.
Trump’s less-than-stellar business history has been well documented by The Washington Post and other newspapers, magazines and online publications, as has his lack of self-control in his personal life. But what has not been fully explored is the impulsiveness — actually, total recklessness — that was at the root of the pivotal decisions that tanked his businesses.That same impulsiveness is at the root of Trump’s self-inflicted political and business problems today.
Read more: Washington Post
Allan Sloan is a columnist for The Washington Post. He is a seven-time winner of the Loeb Award, business journalism’s highest honor. View Archive