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To: Gameboy who wrote (28721)9/1/1998 2:30:00 PM
From: Thomas M.  Respond to of 95453
 
When Warren Buffet bought General Re, he issued a bunch of stock for what is essentially a portfolio mostly in bonds. The net result is the percentage of stocks in his portfolio went down, and the percentage of bonds went up. Basically, he lightened up in the stock market without paying capital gains taxes.

Tom