Subject: Re: 2026 and beyond
HC,

It took RW quite a while to agree that buybacks were actually a good thing.

Only in "expertville" will they tell you what a bad idea it is to receive money now. If you need income even in times when the stock is lower in value then sell some of your shares....create your own dividend!! Just a general thought, is it ever a good idea to sell shares of a stock that is currently depressed in price and at the same time creates a taxable capital gain?

The "create your own dividend" was thought of by WEB. Unfortunately it's a "do as I say" idea as opposed to "do as I do." It's safe to say that WEB has never been in a financial position where he's needed to sell any shares for income purposes.