NPT Research · Index

Ideas and research we find interesting.

§ 01 · Featured

Research primerMay 2026

The future of tax-efficient investing

What tax-aware long/short strategies are, how they work, when they make sense, and the cases in which they will not.

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EssayJun 2026

Our approach to tax-aware long/short

What Prism is, how the Max, Diversify, and Enhance configurations differ, and the situations each one fits.

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§ 02 · The library

01EssayIntroduction

A short introduction to tax-aware long/short

What tax-aware long/short strategies are, why they work, and the situations in which they may make sense. The place to begin if the topic is new.

Jul 2026

02EssayFounders

The founder's tax problem

For most founders, the largest cost they will ever face is the capital gains tax on their equity, and planning rarely starts until the most effective options are gone.

Jul 2026

03EssayOur strategies

Our approach to tax-aware long/short

What Prism is, how the Max, Diversify, and Enhance configurations differ, and the situations each one fits.

Jun 2026

04EssayConcentrated positions

The concentrated stock dilemma

A single stock grows to dominate a family's net worth, and the conventional tools each solve only a piece of the problem. This essay covers an approach that addresses all of it.

Jun 2026

05PrimerIn depth

The future of tax-efficient investing

The full research primer covers how tax-aware long/short works, when it makes sense, when it will not, and the research it rests on.

May 2026

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