Staying home and reading "Is Your Alpha Big Enough To Cover Its Taxes?"
The classic 1993 paper kickstarted my interest in tax management
Basis Northwest: Check out the landing page for attendee, speaker, and sponsor info
Staying home is cool
But you should come to Basis Northwest
What I’m reading…
Jeffrey, Arnott (1993): Is Your Alpha Big Enough To Cover Its Taxes? (classic)
Northern Trust: 2026 New Year Tax Planning Checklist (it’s quite good)
Fox, Liscow: The rich avoid tax primarily through “buy-save-die,” not “buy-borrow-die.” (hot off the presses)
The Tax Adviser: Estate of McKelvey highlights potential tax pitfalls of variable prepaid forward contracts
Compoundr: From Cap Gains to Dividend Income: Exploring Potential ETF Tax Management
Smartleaf: Smartleaf Asset Management AUM tops $6.75 billion
Partners Capital: The After-Tax Investment Lens: The Key to Tax Efficient Investing (California Taxpayer Version)
Ethic: AUM grows to $8 billion
The Tax Adviser: A Walk Through the Step-Transaction Doctrine
The Tax Lot
🚨 New podcast alert 🚨
Sometime in the next few weeks, I’m launching a podcast about taxable wealth. Here’s how it will work:
Someone writes a blog post, whitepaper, or research paper.
I read the paper.
We discuss the paper.
The point is to make dense research more accessible, to keep practitioners on top of the latest/greatest in taxable wealth, and to have a little fun.
After recording, I will share the transcript with the author for strikeouts and compliance review.
About a week later, the episode will land.
The backstory is that I see a lot of great work that doesn’t get enough oxygen.
At the same time, brands want clarity and compliance reviews, so I’ve baked both into production.
👇👇👇
I want a healthy blend of managers, researchers, and advisers, so please share your industry-leading work, let me know when you’re available to record, and I’ll get you in the queue.
☝️☝️☝️
What I’m covering…
The bat is not a pickaxe
David Lynch died a year ago
