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To: jawd who wrote (8737)	7/4/1998 12:41:00 AM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

You seem to be quite slow on the uptake. It took you 24 hours to think up that witty (NOT) response? That's the best you could do? Jerk at work daily, You may notice I was not on SI for a day. I work too. Call it slow or whatever you like. I do have businesses I need to run and other interests in life. You couldn't even admit your mistake? All your arguments, your reasonings, your due diligence, your theories; nothing can change the fact that you were completely wrong - 100% wrong. You were wrong to do what you did. You were wrong to encourage others to do the same. You were wrong to listen to others telling you to do what you did. You were wrong. Period. Admit it. I am not wrong. The market will correct based on fundamentals. It always does. In 1990, The Economist called me "Britains Software Star". My basic salary before I retired at 35 in 1990 was $300,000 p.a. Based on my business achievements in life I could walk into virtually any business school in America and pick up a degree just by filling in an application. But I didn't need it in the past, and I certainly don't need it now. People go to Harvard to learn to do the things that I've already done in life. Why do I need a degree? To prove what? I am probably far more qualified than most of the teachers and professors in the business schools. We are going in circles. You are too ignorant to even understand what you do not know. Jerk at work daily, You have no qualifications. No manners. As far as I can tell, no life outside of SI. Glenn

To: jawd who wrote (8737)	7/4/1998 12:42:00 AM
From: Dwight E. Karlsen	Read Replies (1) \| Respond to of 164684

jawd, re This fool has 95% of his money in US Treasuries on a seven year ladder. I play day trading with the other 5% (about $200k). So 200,000 = .05X, in algabraic terms. Solve for X by going 200,000/.05 = 4M. Cross check: $4M times 5% = 200K. Question: If you sold your company for 20M (When this jerk sold his company for $20M - he legally never paid a cent in tax of any kind.), what happened to the other $16M? >I found a legal way, with advice from Price Waterhouse to keep every cent thus saving millions.< I'd be interested in knowing how you didn't pay any taxes on the capital gain from the sale of your company -- you did have a capital gain, unless your basis was so high that there was no capital gain. Edit: My guess is that your capital gain would have been $16M. So you kept your basis of $4M, and did some form of "like-kind-exchange", in which you invest your capital gain in something similar to what it was in - this would explain the missing $16M. Close?