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To: shane forbes who wrote (18634)5/31/1999 3:35:00 AM
From: sea_biscuit  Read Replies (1) | Respond to of 25814
 
Shane,

The "tax lock-in" is just one of the phenomena mentioned in the book. The author also lists a lot of other reasons why people don't sell -- greed, fear, lack of contrarianism, the desire to chase the last eighth and sell at the very top, ego, hope (the last two particularly noticeable in the case of investments which have turned sour and where selling the stock would result in a loss), and so on.

As for the book about pointers, even though I find it amusing (I am a software developer myself), I also think that it is a good idea. A lot of newbies find it very hard to grasp the concept of pointers, especially if they came from language backgrounds such as FORTRAN. I am not surprised that someone wrote a book to address just that need!