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Welcome to my website! The site is designed to provide easy access to my books, blog, journal articles and white papers. The content on the site is updated at least once a week, as my blog posts come out every Friday. Other site pages will be updated as new articles, white papers and books appear.

Most of my work has an investment focus, at least in the broadest sense. Good investors – those who preserve and grow their capital across the decades and generations – are educated investors. Whatever aspect of the investment process they are working on, they know the difference between best investment practices and whatever everybody else is doing. This site is designed to help you be that informed investor.

Here is a quick snapshot of what’s on the site:

  • My bio. In short, I’ve been advising very substantial investors since 1979. Many of the clients I work with today are the grandchildren of the folks I started with way back when. You can check out Greycourt, the company I founded, here.
  • My blog. A new post appears every Friday. As noted, the blog has an investment focus, but I interpret that very broadly. So far there are nearly 200 posts, i.e., almost four years’ worth of the blog. If you would like to receive the blog via email (it’s free), you can do so here.
  • My books. I’ve published three investment books, a book of poetry, and I’ve edited two other books. More to come!
  • Articles. I’ve published scores of articles over the years, including articles in refereed journals, white papers, and newspaper and magazine articles.

I hope you find the site useful and interesting. Please let me know what you think by contacting me here.

Recent Blog Posts…

  • On Hillbilly Elegy, Part 9

    On Hillbilly Elegy, Part 9

    Last week we tried to imagine how Professor Daniel Kahneman, Nobel Prize-winning author of Thinking, Fast and Slow, would react if he saw a couple of hillbillies coming into his store. This week we’ll re-look at that situation, pretending that Kahneman isn’t a Nobel Prize winning professor at all, but … read more »
  • On Hillbilly Elegy, Part 8

    On Hillbilly Elegy, Part 8

    In 2013 J. D. Vance graduated from Yale Law School, an accomplishment he shared that year with the following fraction of his fellow Americans: 0.00000063. I deduced this remarkable statistic very simply, by dividing the number of students in the Yale Law School class (208) by the population of the … read more »
  • On Hillbilly Elegy, Part 7

    On Hillbilly Elegy, Part 7

    We’ve talked about several obstacles to success in middle class Ohio for migrants from southeastern Kentucky: they had horrible accents and they tended to dress funny. But the biggest obstacle was the most difficult to overcome: their behavior. As I’ve noted, Scots-Irish immigrants to America brought with them a constellation … read more »
  • On Hillbilly Elegy, Part 6

    On Hillbilly Elegy, Part 6

    Last week we discussed one of the major hurdles recent immigrants from southeastern Kentucky faced when they tried to assimilate into middle class society in Ohio: they talked like hillbillies. This week we’ll look at a second hurdle: the matter of dress. In Hillbilly Elegy J. D. Vance notes that … read more »
  • On Hillbilly Elegy, Part 5

    On Hillbilly Elegy, Part 5

    Although the parallels between my life and that of J.D. Vance, author of Hillbilly Elegy, seem flat-out astonishing, it’s actually the differences that are more interesting. Vance and I both started out with grandparents who migrated from southeastern Kentucky to the Dayton, Ohio area, and we ultimately ended up in … read more »