Bridging Academic Research and Real World Investing with Vanguard's Kevin Khang
Excess Returns
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The Importance of Taxless Harvesting
I think a lot of investors miss is we're realizing all these losses, but if there's no gains, then they're not all that valuable to us. They can only be taken a small amount every year. A lot of times in an academic environment, the real world doesn't come into it that much. And so things get missed in academic papers that kind of are not the way people apply these things in the real world. But by doing it at Vanguard, you're sort of bringing them both together,. The real world and the academic environment. Yeah.
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