I am glad someone else is saying it though it is mostly in real estate development that this is largely possible. Way more important he has had the top legal and accounting advice as well.
However children i do want everyone to understand something here. In order to generate a billion dollar loss to carry forward, it is actually necessary to actually spend a billion dollars first or more likely two billion dollars. The tax department takes a rather dim view of phony invoices stacked on phony invoices when they come along to audit you.