DAMODARAN: For Investors, The Goal Is Not To Minimize Taxes

At this point, it looks like capital gains taxes are going up tomorrow. For all investors, the rate will climb to 20 percent (after holding at 15 percent for the past decade).  For investors with more than $200,000, the rate will jump to 23.8 percent. Aswath Damodaran, the legendary professor of finance at NYU's Stern business school, has a new blog item on how he's adjusted his portfolio accordingly.  His premise is simple: "The objective in investing is not to minimize taxes paid b...