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…

  • Goldie, Part 4

    Goldie, Part 4

    My client, Goldie, had spent many annoying decades conducting gold inventories in remote Swiss villages, and now I’d just been informed that it had been totally unnecessary. “But … but …” I said. The Pictet partner explained that while the army’s original strategy (to pull back into the mountains) may … read more »
  • Goldie, Part 3

    Goldie, Part 3

    No military plan survives the first contact with the enemy. von Moltke the Elder I’m describing how a lawyer conducts a gold inventory, just in case some of my readers might need help with their bullion in the future. After we completed the inventory at the little bank in the … read more »
  • Goldie, Part 2

    Goldie, Part 2

    When Goldie asked me to conduct the gold inventory for her I’d simply assumed that her gold was stored in the vast vault under the Credit Suisse headquarters building on the Bahnhofstrasse in downtown Zurich. After all, she’d been a good customer of the bank for decades. I’d planned to … read more »
  • Goldie


    The Golden Rule: She who has the gold makes the rules. The Wizard of Id (paraphrased to modify the gender) Quite some years ago I had a remarkable client I’ll call Goldie. Goldie was then in her late sixties and looked exactly like a lady in her late sixties: gray … read more »
  • How Not to Be the College Guide, Part 3

    How Not to Be the College Guide, Part 3

    Being the college guide sounds fairly straightforward, but in fact the job was full of pitfalls – landmines in every direction. The first pitfall arose out of the fact that I could never know who was going to be on my tour. It might be sensible people who thought the … read more »
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