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So how did I, a journalist as opposed to a private equity manager, manage to increase my income while lowering my tax rate and my alternative minimum tax?
"Low volatility is a separate factor from value," says Charles M. Lahr, a global equity manager at Pimco.
At a lunch on Thursday about economic development, he expressed disbelief over the attacks Mr. Romney has faced for being a successful private equity manager with Bain Capital.
At issue is what is known as carried interest, the share of profits that a private equity manager makes from investing in companies.
"Everyone is inclined to sell into rallies rather than buy into dips," said Terry Morris, senior equity manager for the National Penn Investors Trust Company.
"Distressed sellers are holding out in the hopes that the economy will get better," said a leading private equity manager, who spoke on the condition of anonymity.
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Ervolini: Well, at Cabot Research, we've researched $300 [billion] to $400 billion of assets managed by professional equity managers.
Schneiderman is investigating "management fee waivers," in which private equity managers convert portions of their pay into investment income, reducing the tax rate on that pay to 15percentt.
Private equity managers earn most of their money in two ways.
For some of the same reasons, private equity managers are having trouble exiting larger investments profitably.
But what is it that private equity managers do for their billions?
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com