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 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 »
  • On Populism

    On Populism

    Civilization is like a very fine suit of clothes that is just slightly too small for us. The term “populism” derives from the Latin, populus, meaning “people.” It doesn’t mean “people” in the sense of, “There are a lot of people who don’t read my blog.” It means “people” in … read more »
  • Investing In a Rigged Market, Part 4

    Investing In a Rigged Market, Part 4

    If we care about the health of free market economies, then we need to care about how efficiently capital is allocated in those economies. And if we care about efficient capital allocation, then we need to care about the health and efficiency of capital markets, because those markets are the … read more »
  • Investing In a Rigged Market, Part 3

    Investing In a Rigged Market, Part 3

    The core problems with central bankers, which have led directly to the catastrophes of the Tech Bust, the Financial Crisis, the pathetically weak recovery from the Great Recession of 2008-09, and the near-destruction of the asset management business, are these: * Groupthink, arising out of the fact that every central … read more »
  • Investing In a Rigged Market, Part 2

    Investing In a Rigged Market, Part 2

    We are talking about the traumatizing events that rocked the asset management business, to say nothing of the world, beginning in 2008, a calamity brought to us courtesy of the world’s central bankers. I’ve discussed elsewhere the bizarre strategies of the US Fed and its various doppelgängen at other central … read more »