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To: Zardoz who wrote (55914)	7/7/2000 6:46:09 PM
From: William JH	Respond to of 116972

Hutch, The subject was whether the stock market was a zero sum game, therefore I mentioned dividends. I personally don't care a thing about receiving dividends because of their tax inefficiency. I mentioned Jeff Bezos and the other CEO's as examples of people who made much money from the stock market with no one that I know of losing on the other side of the trade. I know about the table fees in poker, so let me restate it: "Ron, If you and I play two handed poker in your kitchen, with no rake-off, and you win $100, I will lose $100, unless we get robbed, in which case we both lose." That is my example of a zero sum game.