Trump shares post slamming stock market for not getting his 'Michelangelo'-level genius
Former President Donald Trump Friday made a new addition to his list of institutions that are conspiring against him: the stock market.
Trump shared this viewpoint on Truth Social, the social media site whose parent company has seen its value plummet after news hit it lost $58 million in 2023, in the form of an editorial from a writer whose credentials include “Author of President Trump's favorite Substack.”
“The Trump brand should be worth tens of billions of dollars more than what it is currently being traded at on the Nasdaq, given its uniqueness as combining the best of politics and business,” writes Paul Ingrassia.
“In the same vein in which DaVinci’s paintings and Michelangelo’s sculptures would be valued in the billions if ever sold on the open market today, Donald Trump’s creative visions equate to exceptional valuations — because of the rarity of his skillset and gifts.”
Ingrassia's online profile shows he is a communications director for a nonprofit that positions itself as “the answer to the useless and radically leftist American Civil Liberties Union,” a New York Young Republican Club member, and a recent graduate of Cornell Law School.
The common thread of his substack does not appear to be financial analysis, but commentary on the multiple legal woes facing Trump.
Titles published by Ingrassia include, “MAGA Beauty Isabella DeLuca’s Arrest Is Proof Positive That Biden’s Weaponized Justice System Has Become Outright Despotic Against Political Dissidents.”
Ingrassia opens his think-piece by deriding New York civil court Justice Arthur Engoron and Attorney General Letitia James — the judge and prosecutor in Trumps’ $464 million civil fraud case — both of whom he accuses of fraud.
“The fraud is found in the courtrooms – and it is a fraud on the American public, as well as the rule of law – not just in New York, where the dangerous precedent is being set by radical and illegitimate operatives like Letitia James and Judge Arthur Engoron,” he writes.
“The people who increasingly hold the levers of power, like James and Engoron – and by extension, Joe Biden and Merrick Garland.”
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It’s worth noting that both Engoron and James were elected by the people of New York and their state-level positions are not connected to the federal Justice department.
This may be why Ingrassia next takes aim at all “institutions” he blames for the ruling in the Trump Organization civil fraud case.
“No matter how otherwise communistic our institutions may become, fortune, nature, (and God) invariably favors bold, original thinkers – especially in our age that suffers a pandemic of unoriginality and laziness,” he writes.
“Obviously, with the public listing of President Trump’s media company, his net worth is higher than ever before, placing him on Bloomberg’s list of the world’s top 500 billionaires, for the first time.”
Since the publishing of the Hill report Ingrassia shared, Trump has been bumped from the list.
As final proof to his billion-dollar value theory, Ingrassia points to the quality of Trump products.
“President Trump’s eye for discernment is why he has been able to build some of the most stunning golf courses seen anywhere in the United States,” writes Ingrassia.
“The Trump Brand is one of if not the world’s most recognizable brands. Whether pertaining to real estate, or politics, or media and entertainment, the Trump namesake is ubiquitous the world over, and is demarcated for its luxury and quality of content.”
Other Trump-branded items have included Trump Vodka, Trump Steak, Trump Magazine and Trump Mortgage, all of which appear in a round-up of the former president’s failed business ventures.
Trump shared Ingrassia’s analysis the same day financial experts reported Trump Media’s stock had lost half their value since hitting the market in late March, and followed it up with a post about Truth Social.
“If people who believe in putting America First and want to Make America Great Again, support TRUTH, we will be your Voice like never before, and a Real Voice is what our Country needs,” Trump wrote. “Because we are in decline.”
On Friday, Trump Media stock values dipped below $30, Yahoo Finance data show.