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  1. gatorcpa ΩF InvestiGator Staff Member Nov 15, 2013

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    I saw this link on another forum:

    http://money.cnn.com/video/pf/2013/...ber-gallery.cnnmoney/index.html?iid=G_Taboola

    Very surprising that Mr. Faber intimated that some clients might be using their collections to hide assets from a spouse or the estate tax authorities. You can bet that IRS will be all over his business quite soon. There is a saying in my office..."You don't poke the bear when he's hibernating."

    No way I'd handle that exam. Life's too short.
    gatorcpa
     
  2. ulackfocus Nov 15, 2013

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    Ed's a great guy and what he says is true, but I doubt it's that widespread of a problem.

    Every time the NYC gang meets we go visit Faber's Gallery.

    DSCN203-1.jpg



    The last watches I got from Ed were my black dialed LeCoultre Powermatic and black dialed UG Polerouter.

    [​IMG]

    [​IMG]
     
    Hijak likes this.
  3. Hijak Nov 15, 2013

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    Very Cool Dennis!:thumbsup:
     
  4. ulackfocus Nov 15, 2013

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    Nah, what's very cool is Ed indulging us. He let me try on a few über-cool perpetual calendars including a Patek and an awesome Breguet even though he knew I wasn't buying those particular watches.
     
  5. CanberraOmega Rabbitohs and Whisky Supporter Nov 15, 2013

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    Do you guys have death duties?
     
  6. gatorcpa ΩF InvestiGator Staff Member Nov 15, 2013

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    You bet. But only if the estate is over $5 million after bequests to your spouse. I'm sure the people Ed's referring to are in that club, or are possibly trying to stay out of it.

    Oh, I think everyone knows it's true. And everyone knows that hazing happens in every NFL locker room. But it's just not a good idea to say so on a national television program.

    The wrong people get the wrong (or maybe the right) idea and you've got tsuris.
    gatorcpa

    http://www.merriam-webster.com/dictionary/tsuris
     
  7. ulackfocus Nov 15, 2013

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    No, once we die all our duties, chores, and honey-do lists are null & void. :p
     
  8. ulackfocus Nov 15, 2013

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    Yeah, but Ed's a mensch. Shame on the IRS for just being like they are.
     
  9. cicindela Steve @ ΩF Staff Member Nov 16, 2013

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    Don't agree with the position of Rolex though. Perhaps in the position of non-wis public or sales but not in recognized standing.
     
  10. ulackfocus Nov 16, 2013

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    I think Ed was saying Rolex was the top in resale / appreciation.