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To: Gersh Avery who wrote (54673)4/28/1998 2:06:00 AM
From: Sonny McWilliams  Respond to of 186894
 
Gersh. Yes, you are quite right on most of your statements. And I try not to say : Never ever again or things will always stay the same or things will always go up and never down or inflation may never come again or interest rates may never rise again etc.

I know certain things will always repeat themselves but if you hold long term I do believe that you will be ahead if you can stomach it all. gg. Whoever had stocks in 1929 and was not on 90% margin, would have passed a nice portfolio on to their heirs. Maybe not in all stocks. Same holds true for 1987.
Did you hear of this Lady who never married, worked for the GVT and passed away a while ago and left a portfolio of at least 20 mill. to a school or town? That's on one paycheck and not big at that.

Well, I am not opposed to taking profits in part of my positions and don't feel that paying capital gains taxes is more expensive than losing capital. gg.

But I do feel that you should help yourself, if possible, and that should also apply to Japan. It was not MY main concern to help Japan get on its feet. I was just telling Michael, with tongue in cheek, that it is great that Japan PC makers are shipping 10% more our way. It's good for Intel and Msft. But let's hope 10% more is it. We have a big enough trade deficit as it is. Have them ship some more to China.

Sonny