When you read these words, the year 2000 will have arrived. I trust that you have had a peaceful New …
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Bergman Becomes Our First Manager
Jonathan Bergman has been promoted to Client Service Manager at Larry M. Elkin & Co., becoming the first associate at …
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Spreading Risk Without Triggering Taxes
Let’s say you have one stock that dominates your portfolio. Perhaps you bought $15,000 worth of Microsoft in 1989 and today your investment is worth more than $1.4 million. Or maybe you founded a small networking company on a shoestring and Cisco Systems recently bought you out for $10 million…in Cisco stock.
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China Policy Needs Dose Of Reality
If the Cox committee’s report on Chinese nuclear espionage proves nothing else, it demonstrates that a policy of wishful thinking …
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Taxpayers Beat IRS In Lengthy Battle Over Built-In Gains
After more than a decade of courtroom wrangling with the Internal Revenue Service, taxpayers have established a principle that sounds …
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Rudy Meets The Three Stooges
I spent a lot of time around Rudolph Giuliani in the 1980s, when he was Manhattan’s U.S. attorney and I …
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How Important Is Asset Allocation?
Every so often an academic study comes along that changes the way we think about investing. One such study, published …
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Choppy Waters: Swimming With Hedge Funds
Hedge fund investors had good reason to be frustrated in 1998. First, despite the aura of risk reduction in which …
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Publisher’s Estate Wins 21% Valuation Discount
A prominent publisher’s estate apparently saved more than $3 million in taxes when a federal appeals court allowed a 21% …
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The Groundhog Faces The Music
When I was a college intern for the daily Missoulian in Montana, I wrote a couple of editorials that were …
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