Tax-aware long/short working group intake
Did you fill out the TPS report?
Basis Northwest registration opens on February 11, 2026.
The Tax-Aware Long/Short Working Group will have a dedicated breakout session.
The Tax-Aware Long/Short Working Group kicks off in earnest today with the Tax-Aware Long/Short Participant Survey (TPS).
Please fill out the 30-second survey if you’re interested in participating.
I’ve received a ton of interest since suggesting a working group 3 weeks ago.
Interested folks had three common requests:
A practitioners-only subset of the overall working group.
A leadership council made up of folks with first-hand experience.
A focus on ongoing management rather than diligence.
These priorities will surely evolve, but seem like a fine place to begin.
What I’m reading…
Berkshire Hathaway (1989) Shareholders’ Report (on tax deferral) (h/t Nick)
Dimensional: Insurance Overlays and Retirement Spending: The Case of Protected Lifetime Income
Franklin Templeton: Tax aware long-short: A natural extension of custom indexing
Tax Alpha Insider commentary: Tax-Aware Long/Short is an active strategy first and foremost, and a compelling risk management strategy too (e.g., in concentrated stock scenarios), and it’s also a powerful tax planning tool. The visual above shows how tax-loss harvesting short positions over time dominates the overall composition of losses harvested.
Recent coverage…
My response when people ask what I do for work
…and I know it is endlessly fascinating to me, but certainly not to them…
