Consider Michael Jackson, the Empire State Building, and Myriad of Value Drivers (Part II of II) In this concluding article, the second of a two-part series, the authors conclude presenting additional illustrations that underscore their primary thesis: that in many businesses, value is illusory and there are a host of factors that are unanticipated and cannot be modeled. In this concluding article, the second of a two-part series, the authors conclude presenting additional illustrations that underscore their primary thesis: that in many businesses, value is illusory and there are a host of factors that are unanticipated and cannot be modeled.…
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Tax planning is a constant consideration for wealthy individuals, not a once-a-year process, said Lisa Featherngill, CPA, PFS. Wealthy clients can use several strategies to manage their tax bills, including creating conservation easements, setting up LLCs to manage investments, and using defined-benefit plans. Looking for more tax strategies for your clients? Use this checklist to help find tax and financial planning ideas using a 1040. To read the full article in CNBC, click: Here are Five Ways the Super-Rich Manage to Pay Lower Taxes.
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Always Want More Cowbell The More Cowbell skit can be repurposed to explain debates over the efficient market hypothesis. Many proponents of the efficient market hypothesis may initially find it annoying that nonbelievers do not share their view. However, believers’ faith in the efficient market hypothesis is dependent on nonbelievers continuing to try, but inevitably failing, to ‘beat the market.’ The efficient market hypothesis only works when investors can be ‘free riders’ that enjoy the fruits of nonbelievers’ labor, which make the market efficient. Thus, believers in the efficient market hypothesis should always want “more cowbell,” which in this context…