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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 Karoshi

    On Karoshi

    “Karoshi” is a Japanese word that means, literally, “death by overwork.” For nearly half a century it’s been quite common for Japanese workers, usually the legendary “salarymen,” simply to drop dead, almost always from heart problems, after working long hours for many years. Other Asian cultures, especially, South Korea and … read more »
  • The Illusion of Control, Part 3

    The Illusion of Control, Part 3

    In my last post I pointed out that, contrary to the claims of Modern Portfolio Theory, families who own businesses aren’t at all uncomfortable with the “single stock risk” they are taking. (I’m not counting startup companies, which mostly fail.) I also pointed out that, once a family sells its … read more »
  • The Illusion of Control, Part 2

    The Illusion of Control, Part 2

    When I was writing my last book, Family Capital, my objective was to make it appealing – well, tolerable – for people who didn’t care much for investment issues but who knew they really should learn something about them. Adult children, for example. But also spouses, cousins, attorneys, accountants, bankers, … read more »
  • The Illusion of Control

    The Illusion of Control

    “Tell me, sweet lord, what is’t that takes from thee/Thy stomach, pleasure, and thy golden sleep? *** In thy faint slumbers I by thee have watched,/And heard thee murmur tales of iron wars.” – From Lady Percy’s soliloquy in Henry IV, Part I Towards the end of World War II, … read more »
  • Happy 200th Anniversary! (Part 4)

    Happy 200th Anniversary! (Part 4)

    In celebration of my 200th blog post, I’m blogging about blogging. Last week I talked about my (mostly boring) writing habits. This week I’m answering this question: Many of your blog posts adopt a position quite different from those we read about in the mainstream media, left or right. Are … read more »