The Supreme Court rejected Trump's bid to overturn the E. Jean Carroll verdict. This marks the second time they've told him no on this exact case. Repetition builds character. Or in this case, builds nothing.
A New York federal jury found Trump civilly liable for defaming and sexually abusing Carroll. He appealed. Lost. Appealed again to the Supreme Court. Lost. Appealed to the Supreme Court again. Lost again. The legal strategy here resembles a retail trader buying more shares after a stock drops forty percent because "it has to go back up eventually." It does not have to go back up eventually.
The court didn't issue an opinion. Didn't explain their reasoning. Just said no. When the highest court in the land treats your appeal like a spam email, that's called clarity. Trump's legal team presumably charged him six figures to receive a one-word answer they could've gotten from a Magic 8-Ball at a yard sale.
Carroll won her case. Trump paid. Trump appealed. Carroll still won. Trump appealed harder. Carroll still won. This is the legal equivalent of shorting a stock at $12, watching it hit $340, and then doubling down because you "have a thesis." The thesis was wrong. The market doesn't care about your thesis. The Supreme Court doesn't care about your thesis.
Every dollar spent on these appeals could've been invested in index funds. Could've been used to buy shares of literally anything that moves in a direction other than straight down. Instead it went to lawyers who had to walk into the Supreme Court twice and ask nine justices to pretty please reverse a jury verdict because their client really didn't like losing.
The justices said no twice. They'll probably say no a third time if he asks again. At some point you're not filing appeals anymore, you're just paying attorneys to experience rejection on your behalf.
Photo by Fine Photographics on Unsplash
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