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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…

  • The Talk, Part 4

    The Talk, Part 4

    The typical trust fund baby is well-known to all of us: a life devoted to spending down the family’s capital on themselves, not working, having difficulty maintaining relationships, living empty lives. The fear that people will be ruined by money is so pervasive that, following the French Revolution, trusts were … read more »
  • The Talk, Part 3

    The Talk, Part 3

    We are talking, in a roundabout way that has taken us back to first principles, about the human maturation process and how it interacts with the fear of affluent parents that money will ruin their children. There are several characteristic ways that affluent families go wrong, launching the shirtsleeves-to-shirtsleeves phenomenon … read more »
  • The Talk, Part 2

    The Talk, Part 2

    We are talking about the complex process through which infants and children are transformed from little beasts into responsible adults. More particularly, we are talking about how that process often goes wrong and never goes perfectly. In Civilization and Its Discontents, for example, Sigmund Freud proposed a…, well, a “Freudian” … read more »
  • The Talk

    The Talk

    No, not that talk. Talking to kids about sex is a walk in the park compared to talking to kids about their family’s money. The worst that can happen with the-birds-and-the-bees conversation is massive parental mortification. The worst that can happen with the money talk, however, is… Well, let’s look … read more »
  • What Will You Do in the Crisis? (Part 3)

    What Will You Do in the Crisis? (Part 3)

    Would I say there will never, ever be another financial crisis? I hope that it will not be in our lifetimes and I don’t believe it will be. Janet Yellen Last week I suggested six steps we could take to prepare ourselves for the next market crisis – which, Janet … read more »