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"Wraps, flips, l/os and other Businesses (long)" Reply: 1.1 From: Sim' Hampel Nigel (and Sly), You are quite correct in that this is indeed a matter of semantics, and also a subjective one. My personal opinion (and it is only that) is based on your intention when you purchased the asset...

From: Sim' Hampel I haven't seen the newsletter you refer to Sly, but I have been to one of Steve's seminars and read his newsletters and so forth. He does make it clear that wraps are a business not an investment and should be treated as such. Steve and his business partner do have...