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Strategies & Market Trends : NetCurrents NTCS
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To: .Trev who wrote (711)10/18/2000 8:08:14 AM
From: Patrick Slevin  Read Replies (1) of 8925
 
Yes, I understood you meant that it was ten million each.

Recall that was a period when wealth was very concentrated in the hands of a few (Hence the book, as well as books about the Rothschilds and Rockefeller). If I recall correctly, Industrialists like Rockefeller and Carnegie were billionaires. Carnegie even felt grief that his friend J. Pierpont Morgan died with such a small estate, $68.3 million plus a $50 million art collection. Carnegie said "And to think he was not a rich man".

Then as well we do not know the machinations of the period. Tax planning may have made it very prudent for Kennedy to set aside $70 or $80 million. A business decision, it may have been just another item that he would not waste time discussing with Rose.

Sort of on a scale with me buying INTC shares for the kids' and my wife's accounts. If I told my wife I did that she would just nod her head and change the subject to the news in Europe.

Let me know, if you have a chance, who wrote that book. From what I've read thus far the author sounds as if s/he has a bit of an axe to grind don't you think?

By the way, did you ever hear the tale of the woman who was hired to write the biography of Nelson Rockefeller? She started out with the idea that she should research the work by starting with his death so she interviewed the people who were involved at the time. When she pieced together how he died, she returned the retainer and quit. That was a funny story but unfortunately I do not think I should detail it here.
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