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…

  • What Will You Do in the Crisis? (Part 2)

    What Will You Do in the Crisis? (Part 2)

    I’m less interested in the return on my money than in the return of my money. – Mark Twain Whether the markets crash next week or years from now, it’s not too soon to be thinking about how we will navigate the next crisis. With asset prices as high as … read more »
  • What Will You Do in the Crisis?

    What Will You Do in the Crisis?

    The world is in the throes of a Bull Market in everything. – The Economist No, I am not – not, not, not – predicting a market crash. (On the other hand, if the market collapses just after I post this, I will naturally take credit for calling it.) If … read more »
  • On Populism, Part 4

    On Populism, Part 4

    C. P. Snow titled his last book, written shortly before he died, A Coat of Varnish. What he meant, as he put it, was that “Civilization is hideously fragile.” Civilization, that is to say, is like a thin coat of varnish spread on top of human savagery. The varnish looks … read more »
  • On Populism, Part 3

    On Populism, Part 3

    Since human beings settled into communities – that is, since most of us stopped being hunter-gatherers – a primary goal of mankind has been to improve how we are governed. We wanted governments that were more representative, more fair, more efficient, governments that could improve our economic circumstances and defend … read more »
  • On Populism, Part 2

    On Populism, Part 2

    Between the wars most of the European governments – Britain and, to a lesser extent, France, being exceptions – lived lives that were, to paraphrase Hobbes, weak, unstable, and short. The Weimar Republic in Germany faced existential issues from the beginning. Germany had been humiliated in World War I, it … read more »