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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…

  • Investing In a Rigged Market

    Investing In a Rigged Market

    The asset management business as we know it today got started in the mid-19th century. The impetus for investment management firms separate from banks arose out of the awkward fact that banks often fail, while asset management firms hardly ever do. According to Nigel Edward Morecroft, who has studied the … read more »
  • Democracy, Populism and the Tyranny of the Experts, Part 14

    Democracy, Populism and the Tyranny of the Experts, Part 14

    I would rather be governed by the first 2,000 names in the Boston phone book than by the Harvard faculty. William F. Buckley I began this series of posts by focusing on the annoyance ordinary people experience when they are constantly being told what to do by an ever-proliferating series … read more »
  • Democracy, Populism and the Tyranny of the Experts, Part 13

    Democracy, Populism and the Tyranny of the Experts, Part 13

    The vast Federal regulatory apparatus that we know and love today got its start early in the 20th century under President Woodrow Wilson. Appropriately, Wilson was the only President in US history to earn a PhD – he’d been president of Princeton University. At that time the world still believed that … read more »
  • Democracy, Populism and the Tyranny of the Experts, Part 12

    Democracy, Populism and the Tyranny of the Experts, Part 12

    Back in 1986 I launched a wealth management firm I conceitedly called “Greycourt” – it’s an anagram for my name. The firm met with modest success and in 1988 I incorporated it. I was probably the most hopeless, bumbling entrepreneur in the history of private enterprise, but somehow I’ve been … read more »
  • 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 »