Epstein Secrets

Planning , Inc. 1980 -1996 49 27.7% AMY (two-year holding period transactions) 1980 -1997 243 22.3% Hertzel — Smith 1980 -1987 106 20.1% Johnson 1991 - 1995 72 20.0% Our methodology for determining an appropriate adjustment for lack of marketability included the following steps: 1. Exam

elman, "An Economist-Financial Analyst's Approach to Valuing Stock of a Closely Held Company," Journal of Taxation, June 1972, pp. 353-54. gcb From Robert E. Moroney, "Most Courts Overvalue Closely Held Stocks," Taxes, March 1973, PP- 144.54- 2 ° From J. Michael Maher, "Discounts for Lack of Marketability for Clos

Planning , Inc. 1980 -1996 49 27.7% AMY (two-year holding period transactions) 1980 -1997 243 22.3% Hertzel — Smith 1980 -1987 106 20.1% Johnson 1991 - 1995 72 20.0% Our methodology for determining an appropriate adjustment for lack of marketability included the following steps: 1. Exam

elman, "An Economist-Financial Analyst's Approach to Valuing Stock of a Closely Held Company," Journal of Taxation, June 1972, pp. 353-54. gcb From Robert E. Moroney, "Most Courts Overvalue Closely Held Stocks," Taxes, March 1973, PP- 144.54- 2 ° From J. Michael Maher, "Discounts for Lack of Marketability for Clos

Planning , Inc. 1980 -1996 49 27.7% AMY (two-year holding period transactions) 1980 -1997 243 22.3% Hertzel — Smith 1980 -1987 106 20.1% Johnson 1991 - 1995 72 20.0% Our methodology for determining an appropriate adjustment for lack of marketability included the following steps: 1. Exam

elman, "An Economist-Financial Analyst's Approach to Valuing Stock of a Closely Held Company," Journal of Taxation, June 1972, pp. 353-54. gcb From Robert E. Moroney, "Most Courts Overvalue Closely Held Stocks," Taxes, March 1973, PP- 144.54- 2 ° From J. Michael Maher, "Discounts for Lack of Marketability for Clos