Home

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 Agency

    On Agency

    “Agency” is a small word but it has large meanings. In my day job in the financial industry, for example, “agency” issues refer to the differences in interests between investors (the principals) and their financial advisors (the agents). The classic example of a conflict between the interests of these parties … read more »
  • On Consciousness, Part 8

    On Consciousness, Part 8

    There is a realm the laws of physics prevent us from accessing. Ryan Mandelbaum  Death, be not proud. John Donne We are discussing the phenomenon of unitarity, a core feature of quantum physics. Last week we noted that, in the mid-1970s, Stephen Hawking argued that unitarity was violated by black … read more »
  • On Consciousness, Part 7

    On Consciousness, Part 7

    Death may be the greatest of all human blessings. Socrates I’m not afraid of death, I just don’t want to be there when it happens. Woody Allen The Uniform Determination of Death Act (UDDA) states, simply, that “An individual who has sustained either (1) irreversible cessation of circulatory and respiratory … read more »
  • On Consciousness, Part 6

    On Consciousness, Part 6

    I do not believe in free will. Einstein There is no absolute or free will. Spinoza We are investigating my claim that free will is an illusion that grows out of our ignorance of the factors – the prior interactions – that engender human consciousness. We began with a simple … read more »
  • On Consciousness, Part 5

    On Consciousness, Part 5

    Pretend that you have free will. It’s essential that you behave as if your decisions matter, even though you know they don’t. Ted Chiang Man can do what he wills but he cannot will what he wills. Arthur Schopenhauer Does free will exist? One day Your Humble Blogger arrives at … read more »