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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 Illiberal Democracies, Part 3

    On Illiberal Democracies, Part 3

    Just to make it simple, let’s define Europe’s “illiberal democracies” as those countries where elected leaders profoundly disagree with the liberal, inclusive, affluent worldview of the EU’s political classes. The British disagreed with this worldview so violently that they left the Union altogether. Most of the other “illiberal” democracies aren’t … read more »
  • On Illiberal Democracies, Part 2

    On Illiberal Democracies, Part 2

    I mentioned last week that I recently visited Switzerland, Austria and Hungary, and that if we think things have gone nuts in the US, we have no idea. The gentle Swiss, as I pointed out last week, have become enamored of right-wing, populist parties and are about to vote on … read more »
  • On Illiberal Democracies

    On Illiberal Democracies

    I just returned from one of those whirlwind speaking tours in Europe – three speeches in four days in Zurich, Budapest and Vienna. It was an eye-opener. Back here in the US we are so focused on the shenanigans going on in Washington, DC that we forget that very similar … read more »
  • On Hillbilly Elegy, Part 10

    On Hillbilly Elegy, Part 10

    The bottom line of J. D. Vance’s book, Hillbilly Elegy, is that far too many people from southeastern Kentucky are trapped in a hillbilly culture that stands in the way of their own success. As if that weren’t bad enough, hillbillies are discriminated against because people aren’t willing to distinguish … read more »
  • 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 »