Publisher Summary The art market is not at all homogenous. The buyers and sellers are
varied and are a mix of profit seekers and others for whom profit or good value are not key …

Certain practitioners experienced with advising wealthy individual investors have argued
that Markowitz optimization for individuals is difficult to explain, implement, and maintain as …

Rebalancing is almost universally recommended as a method to control risk and to orient
the investment portfolio to its appropriate risk/return point. The literature on rebalancing is …

Although the estate tax is mostly ignored in the finance literature, it is a critical factor affecting
investment returns for taxable investors. The frequent legislative changes associated with …

… Horvitz was an executive in a family real estate business. Mr. Horvitz holds MA degrees
from both the University of Pennsylvania and the University of California at Los Angeles. …

Investment management for taxable private investors | CiNii Research CiNii 国立情報学研究所
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Most taxable investors and their investment managers probably misunderstand the true value
of tax deferral and proper tax lot management. Simulations based on historical S&P 500 …

… Horvitz Jeffrey E. Horvitz, Moreland Management Company Beverly Farms,
Massachusetts … Reprints and e-prints …

The amount of published research in finance is large, but the amount of work devoted to
issues that are important to private investors is a small percentage of the total, and the amount …

These two works cover essentially the same period in distinct ways. Both catalogs were written
by staff at the sponsoring institution, but the Harvard publication has fuller discussions, a …