Working on Taxes

[Tom Droege <tdroege2@earthlink.net>]

The reason I have been quiet on this list while all this interesting stuff 
on GSC 748-1618 is going on is that I have been mostly hunkered down 
working on tax stuff this week.  I again made 10% or so this year on my 
investments.  I am a hero to my CPA.  I think I am the only one he has that 
made money this year on his investments.   You all should cheer that I do, 
since a big loss would make me cut back on tass.   Even so, only about half 
the gain was really made this year.  The rest was due to buys that were 
made over 10 years ago.

I had to work really hard and take big risks to make anything in this crazy 
overvalued market.  Recognizing that stocks are over priced is one thing, 
making money from it is another.  As Barny Baruch said, "The fools can 
outlast you".

As it is, I am not limited (within reason) to what I can spend on tass.  As 
always in my career I have been able to get enough money to support my good 
ideas.  Having good ideas to spend the money available has been more of a 
problem.  This over 40 years or so at various research establishments.

Tom Droege