Gorilla and King Portfolio Candidates Message Board

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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Mike Buckley who wrote (3203)	6/27/1999 11:20:00 AM
From: mauser96	Read Replies (1) of 54805

I just started reading the book. I got the info about relative wealth from another source and can't remember the details. Income tax cuts into income, not wealth. Both people have/had most of their wealth in stock which isn't taxed until sold. Both live/lived a relatively modest life considering their huge wealth. Page 365 of the book describes some incredible growth in Standard Oil stock. It paid dividends of 31% in 1896 and 33% in 1897 and 1898, and the price appreciated from 176 to 458. Hypergrowth isn't confined to modern times.

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