Subject: Re: Owners Manuel
“ VERY few will sell. They are mostly old folks who held on for decades and they have massive capital gains in the stock. When you're that old, you don't sell and pay capital gains taxes, instead, you die (eventually) and everything has the basis reset to FMV.” - Mark

"What? People in their 80s and 90s die every day and the heirs get the stepped up basis, are they obligated to hold another 30 years with Buffett gone? Come on bud. " - Harold

Right, but you were talking about selling for capital gains reasons remember? There heirs do not pay capital gains. Keep up old man. Maybe take a nap before reading the boards.