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 Hillbilly Elegy, Part 5

    On Hillbilly Elegy, Part 5

    Although the parallels between my life and that of J.D. Vance, author of Hillbilly Elegy, seem flat-out astonishing, it’s actually the differences that are more interesting. Vance and I both started out with grandparents who migrated from southeastern Kentucky to the Dayton, Ohio area, and we ultimately ended up in … read more »
  • On Hillbilly Elegy, Part 4

    On Hillbilly Elegy, Part 4

    If Malcolm Gladwell is right that the cultural legacy of the Scots-Irish explains the poor outcomes experienced by people in southeastern Kentucky, how do we explain the exceptional success of these same people in Pittsburgh? One answer to this conundrum is this one: “Cultural legacy explanations are garbage.” That’s the … read more »
  • On Hillbilly Elegy, Part 3

    On Hillbilly Elegy, Part 3

    Culture eats strategy for breakfast. – Peter Drucker (supposedly) Whether or not Drucker ever said that, every corporate executive knows it’s true. No matter how brilliant a strategy might be, if the corporate culture is toxic the strategy will fall as flat as soggy Cheerios. On the other hand, if … read more »
  • On Hillbilly Elegy, Part 2

    On Hillbilly Elegy, Part 2

    You can take the boy out of Kentucky, but you can’t take Kentucky out of the boy. – Mamaw Vance Last week I outlined the more-than-slightly-unnerving parallels between J. D. Vance’s life and my own, as outlined in his remarkable book, Hillbilly Elegy. This week we’ll balance the scales by … read more »
  • On Hillbilly Elegy

    On Hillbilly Elegy

    I just completed a series of posts on Thomas Piketty’s Capital in the Twenty-First Century, a book that experienced an astonishing publications history – despite being 700 pages long and a hard slog – because it caught the exact tenor of the times. A very different and more accessible book … read more »