Taxable memes and "coordinated deleveraging"

Little bites of culture

Basis Northwest 2026 is sold out. The waitlist has 43 people on it. We expect to release another 5 or so seats next week. The best way to stay up to date on future Basis events is via this newsletter.

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Taxable memes and what I’m reading...

• NBER Lo/Khandani: What happened to the quants in August 2007? (analysis of long/short hedge funds)

• NBER Binsbergen/Diamond/Grotteria: Risk-Free Interest Rates

• AQR: The Tax Benefits of Pre-Tax Alpha

• Tax Alpha Insider Long/short: Schwab’s margin risk addendum is worth reading

• Burney Advisor Services: Don’t Let the Tail Wag the Dog

  

  Whitepaper Burney Dontlettailwagdog

  1.16MB ∙ PDF file

  Download

  Download

Sunday’s post explores the 2007 Quant Quake. Here’s a teaser from Lo/Khandani.

“Coordinated deleveraging” is worth a closer look.

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Memes

Little bites of culture.

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TGIF