“The big problem with Donald Trump was he never went right,” Buffett said, adding that Trump’s strategy of heavily borrowing money to finance acquisitions was flawed from the start.

According to Buffett, Trump managed to secure loans for properties at prices well above their value, creating a significant disparity between his assets’ actual worth and the debt incurred to acquire them.

“He was terrific at borrowing money. If you look at his assets and what he paid for them and what he borrowed to get them, there was never any real equity there,” Buffett said, highlighting the precarious financial foundation on which Trump built his empire.