Archived posting to the Leica Users Group, 2009/12/28
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]You are the one who is talking about what it is worth, not me. Seth was comparing prices of the Summaron. If you are never going to sell, then it is a revenue expenditure, why even talk about what it is worth today, or what it cost? These figures are meaningless and irrelevant. Both of you cannot have it one way or the other based on convenience! In any asset purchase, the time value of money is an important consideration. If you are buying assets because you want to avail of depreciation, you must understand that you will pay more tax for the rest of the life of the asset - the effect is just postponement of taxes. In times of high inflation, it is a very profitable activity, in times of low inflation, less so. If you do not want to listen, that is your call. I could not care less... Cheers Jayanand On Tue, Dec 29, 2009 at 2:10 AM, Mark Rabiner <mark at rabinergroup.com> wrote: >> Jayanand wrote: >> >> Mark, >> Have you factored in inflation? The investment return is far less than >> what you think. >> >> Better than 0, as in zero! We don't "invest" in our gear, the return on >> classical Leitz/Leica cameras and lenses is merely a pleasant by-product >> of >> a decision to buy and use the best. >> >> Reminds me of the tale Lucius Beebe tells in his book "The Twentieth >> Century >> Limited" the New York Central Railroad's crack train that connected New >> York >> and Chicago for more than the first half of the - ta-da! - 20th Century. >> It >> was an all-room Pullman train and the dining car food and service was at >> such a level that rich >> folks booked drawing rooms and rode the "Century" from New York City to >> Albany just to enjoy dinner in the dning car, then took the night train >> back >> down the Hudson to NYC. Beebe interviewed the great writer, designer and >> theater impresario, Merle Armitage, who traveled constantly between New >> York >> and Chicago and who said that he regarded the Century as his 'gentlemen's >> club' between the two cities. When Beebe asked him why he so liked the >> Century he answered ' Mr. Beebe, I want very little in life, only the >> best, >> and there's very little of that!' >> >> S. >> > > > And exactly the case in my case. What my gear is worth in dollars ?down the > line does not effect me as I tend not to sell my stuff ever. I'm not a > trader. Not a buyer seller. Not a wheeler dealer. I have every Leica lens > I've ever bought even tough at this point they may be in mild hibernation. > They will return. > The M9 is here. And I didn't get into Leica M so I can save money on third > party lenses. > > > Mark William Rabiner > > > > > _______________________________________________ > Leica Users Group. > See http://leica-users.org/mailman/listinfo/lug for more information >