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…

  • Responsible Investing Without the Hype, Part 4

    Responsible Investing Without the Hype, Part 4

    We’ll finish up our examination of some of the challenges associated with responsible investing by looking at a few random issues. Good intentions don’t count in RI There are lots of areas of human endeavor where good intentions matter a lot, but RI isn’t one of them. In RI, good … read more »
  • Responsible Investing Without the Hype, Part 3

    Responsible Investing Without the Hype, Part 3

    We’ve reviewed many potential pitfalls that bedevil responsible investing, but now let’s turn to some of the more philosophical issues in the space. Try to ignore self-interested research in the RI sector Almost every day a financial or consulting firm publishes “research” purporting to show that this or that type … read more »
  • Responsible Investing Without the Hype, Part 2

    Responsible Investing Without the Hype, Part 2

    Last week we noted the tendency of the financial industry to take advantage of investors, including responsible investing (RI) investors. We also observed how this led to the epidemic of greenwashing: recharacterizing rather ordinary investments as RI investments. This week we’ll move beyond the greenwashing problem and look at other … read more »
  • Responsible Investing Without the Hype

    Responsible Investing Without the Hype

    ESG offers the chance of a fantastic rebranding for an unpopular [financial] industry, an excuse to  crunch a lot of data and then charge for it, a great opportunity to bid for the huge pools of money held on behalf of public sector workers and charitable organizations … and most … read more »
  • AONE and Me, Part 3

    AONE and Me, Part 3

    AONE made a grandiloquent gesture with his arm, saying, “These are all my paintings.” They were hung around the four walls of the giant loft and it looked to me like there might be a thousand of them. We circumnavigated the loft clockwise, pausing in front of each painting so … read more »