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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…

  • Democracy, Populism and the Tyranny of the Experts, Part 11

    Democracy, Populism and the Tyranny of the Experts, Part 11

    As far as reigning in annoying experts is concerned, Congress and the judiciary are a bust, albeit with a few tiny bright spots on the distant horizon, twinkling away like dying lighthouses on a storm-tossed sea. But what about the Presidency? As noted earlier in this series, Donald Trump was … read more »
  • Democracy, Populism and the Tyranny of the Experts, Part 10

    Democracy, Populism and the Tyranny of the Experts, Part 10

    In my last post we examined the (pathetic) attempts of Congress to control the tyranny of the experts. Fortunately, Congress isn’t the only weapon in the battle against expert oppression, even at the Federal level. Let’s take a look at the judiciary. But before we do, let’s pause to savor … read more »
  • Democracy, Populism and the Tyranny of the Experts, Part 9

    Democracy, Populism and the Tyranny of the Experts, Part 9

    The complexity of modern life has steadily whittled away the functions the ordinary citizen can intelligently and comprehendingly perform for himself. *** [W]hen he sits down to breakfast and looks at his morning paper, he reads about a whole range of vital and intricate issues and acknowledges … that he … read more »
  • Democracy, Populism and the Tyranny of the Experts, Part 8

    Democracy, Populism and the Tyranny of the Experts, Part 8

    Freedom is better, even when it’s worse. We might think about experts the way we think about stop signs (bear with me on this…) To understand the expert-stop sign analogy let’s begin with Arthur C. Brooks, who has written (in Foreign Affairs and elsewhere) about what he calls “the dignity … read more »
  • Democracy, Populism and the Tyranny of the Experts, Part 7

    Democracy, Populism and the Tyranny of the Experts, Part 7

    Viewed through the lens of “the tyranny of the experts,” it’s easy to see that in the last election Hillary Clinton was the candidate of the experts, while Donald Trump was the candidate of people who were tired of being tyrannized by them. Clinton is an expert herself – she’s … read more »