Investment decisions should be made on the basis of the most probable compounding of after-tax net worth with minimum risk.

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Key questions: How much of your net worth is in tax-sheltered accounts (where capital losses are irrelevant)?

FORBES: Fidelity's Giant Loss Harvesting Tax Dodge

This essentially calls for a minimum tax on high-net worth individuals, similar to the one Warren Buffett proposed in his op-ed to the Times last weekend, but as Silver correctly points out, the implementation of such a minimum tax would have an unintended consequence.

FORBES: Nate Silver: A Minimum Tax On The Wealthy Poses Implementation Problems

These included personal net worth, cash flow and stock option statements, back federal tax returns, W-2s, a company benefits package, various insurance binders, brokerage and 401(k) statements, pension calculations and wills.

FORBES: Bedlam