Book Review: The Art of the Deal

Since its publication, he seems to have spent his time directing an institute to spread awareness of techniques for success and persuasion. At the risk of being a little too cynical – a guy knows the secrets of success, so he uses them to…write a book about the secrets of success? If I knew the secrets of success, you could bet I’d be doing much more interesting things with them. All the best people recommend Cialdini, and his research credentials are impeccable, but I can’t help wondering: if he’s so smart, why isn’t he God-Emperor?

.. Trump: The Art Of The Deal is 365 pages of some of the biggest print I have ever seen.

.. Although the blurb says that he “fully reveals the deal-maker’s art” and that it is “an unprecedented education in the practice of deal-making” and “the ultimate read for anyone interested in achieving money and success” – only seventeen pages of very large print are anything resembling business advice. The rest of it is a weirdly deal-focused autobiography that doesn’t mention marrying his wife or having children, but devotes a lovingly detailed twenty-four pages to the time he renovated the Commodore Hotel.

.. Instead, when a reporter asks me a tough question, I try to frame a positive answer, even if that means shifting the ground. For example, if someone asks me what negative effects the world’s tallest building might have on the West Side, I turn the tables and talk about how New Yorkers deserve the world’s tallest building, and what a boost it will give the city to have it again. When a reporter asks why I build only for the rich, I note that the rich aren’t the only ones who benefit from my buildings. I explain that I put thousands of people to work who might otherwise be collecting unemployment, and that I add to the city’s tax base every time I build a new project. I also point out that buildings like Trump Tower have helped spark New York’s renaissance.

The final key to the way I promote is bravado. I play to people’s fantasies. People may not always think big themselves, but they can still get very excited by those who do. That’s why a little hyperbole never hurts. People want to believe that something is the biggest and the greatest and the most spectacular.

I call it truthful hyperbole. It’s an innocent form of exaggeration – and a very effective form of promotion.

.. As best I can tell, the developer’s job is coordination. This often means blatant lies. The usual process goes like this: the bank would be happy to lend you the money as long as you have guaranteed renters. The renters would be happy to sign up as long as you show them a design. The architect would be happy to design the building as long as you tell them what the government’s allowing. The government would be happy to give you your permit as long as you have a construction company lined up. And the construction company would be happy to sign on with you as long as you have the money from the bank in your pocket. Or some kind of complicated multi-step catch-22 like that. The solution – or at least Trump’s solution – is to tell everybody that all the other players have agreed and the deal is completely done except for their signature. The trick is to lie to the right people in the right order, so that by the time somebody checks to see whether they’ve been conned, you actually do have the signatures you told them that you had.

.. Here is a guy whose job is cutting through bureaucracy, and who is apparently quite good at it. Yet throughout the book – and for that matter, throughout his campaign for the nomination of a party that makes cutting bureaucracy a big part of their platform – he doesn’t devote a lot of energy to expressing discontent with the system. There is no libertarian streak to Trump – in the process of successfully navigating all of these terrible rules, he rarely takes a step back and wonders about a better world where these rules don’t exist

.. So when he says that he’s going to solve Medicare by hiring great managers and knowing all the right people, I don’t think this is some vapid way of avoiding the question. I think it’s the honest output of a mind that works very differently from mine.

.. The best he can do is say that other people are badat governing, but he’s going to be good at governing, on account of his deal-making skill. I think he honestly believes this. It makes perfect sense in real estate, where some people are good businesspeople, others are bad businesspeople, and the goal is to game the system rather than change it. But in politics, it’s easy to interpret as authoritarianism – “Forget about policy issues, I’m just going to steamroll through this whole thing by being personally strong and talented.”

Trump victory would actually prove worse for the Republican Party in the long run than another Democratic presidency

According to Julia Azari, a professor of political science at Marquette University, a Trump victory would actually prove worse for the Republican Party in the long run than another Democratic presidency.

.. Trump could run and lose, and the Republican Party could potentially move on from that. If he runs and wins, that’s really the nightmare scenario.”

The Mutual Dependence of Donald Trump and the News Media

But he is also taking advantage of a momentous and insecure time in American media.

News organizations old and new are jockeying for survival in a changing order, awash in information and content but absent the pillars they could always rely upon, like reliable advertising models, secure places on the cable dial or old-fashioned newsstand sales.

.. In that environment, Mr. Trump brings a welcome, if temporary, salve. He delivers ratings and clicks, and therefore revenue, which makes him the seller in a seller’s market. “I go on one of these shows and the ratings double, they triple,” Mr. Trump accurately told Time a few weeks ago. “And that gives you power.

.. Fox News has its business challenges like anyone else. But it stands securely atop the news ratings, knows its mission, painstakingly maintains its special relationship with conservative audiences, and is therefore a revenue driver for its parent company, 21st Century Fox.

.. With CNN’s debates and heavy coverage of Mr. Trump, the network’s ratings have increased about 170 percent in prime time this year.

.. Understandably, Jeff Zucker, the president of CNN Worldwide, was beaming when I saw him at a lunch with other reporters last week. “These numbers are crazy — crazy,” he said, referring to the ratings. How crazy? Two-hundred-thousand-dollars-per-30-second-spot crazy on debate nights, 40 times what CNN makes on an average night, according to Advertising Age. That’s found money.

.. The New York Times’s Upshot team, using data from mediaQuant, reported last week that Mr. Trump had received nearly $1.9 billion worth of news coverage; his next closest Republican competitor, Ted Cruz, received a little more than $300 million. Hillary Clinton has received less than $750 million.

.. The imbalance in coverage has, though, led to spectacles like the one on March 8, when all of the cable news networks showed Mr. Trump’s 45-minute-long primary night news conference in full. While Mrs. Clinton’s victory speech went uncovered, Mr. Trump used the time to hawk Trump Steaks and Trump Wine.

.. Where Fox News refused Mr. Trump’s demand this year that it remove Ms. Kelly as a debate moderator, and lost his participation, ABC News appeared to accede to Mr. Trump’s request that it break its debate partnership with The New Hampshire Union Leader, which had harshly editorialized against him.

.. all of the shows went along with Mr. Trump’s insistence that he “appear” by phone — all except one, “Fox News Sunday With Chris Wallace.”

.. On her show on Friday, Ms. Kelly made an oblique call for solidarity. “I’m the second-highest-rated show in all of cable news and I haven’t had Trump on in seven months,” she said. “It can be done without him too.”