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Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era -- Ignore unavailable to you. Want to Upgrade?


To: Sr K who wrote (1090)1/2/1999 9:32:00 PM
From: porcupine --''''>  Read Replies (1) | Respond to of 1722
 
BEK, you are absolutely correct (I'm glad I attributed the statement to Marty Whitman :-)

Nevertheless, the point remains: Selling a stock, overvaluation notwithstanding, to purchase a hopefully undervalued one is faces a headwind from the federal taxing authorities (IRA's, etc., excepted). Btw, state and local governments want their tribute as well.