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…

  • Gilbert, Part 3

    Gilbert, Part 3

    When Ms. X and I arrived at GAM in London, Gilbert didn’t meet with us in his private office, where he and I had always met in the past. Instead, apparently in honor of Ms. X’s presence, he ushered us into his conference room. “We just finished rebuilding the conference … read more »
  • Gilbert, Part 2

    Gilbert, Part 2

    A few years after the events described in last week’s post something happened that, at first, seemed to have nothing to do with Gilbert de Botton. I was sitting at my desk idly sorting through my mail when I came across an impossibly elegant invitation to a “garden party” being … read more »
  • Gilbert


    In my entire life I’ve attended one cocktail party in Paris, and on that occasion – this being some years ago – I met a fellow named Gilbert de Botton. (Gilbert, by the way, is pronounced “zhil-BEAR.”) Our first meeting didn’t start out well. The fellow who introduced me to … read more »
  • It’s Different This Time, Part 2

    It’s Different This Time, Part 2

    The Fed can remain irrational longer than you can remain solvent. What Keynes should have said. Last week I made two related points: (1) The agonizingly slow economic growth and rapid increase in inequality the US has experienced over the past decade aren’t the cause of constant Fed intervention, they … read more »
  • It’s Different This Time

    It’s Different This Time

    The four most dangerous words in investing are: It’s different this time. Sir John Templeton The 12 most dangerous words in investing are, ‘The four most dangerous words in investing are: it’s different this time.’ Michael Batnick Whatever, read my lips: It’s different this time. From the time the United … read more »