The firm's thinking evolves
Wealth For Life is where you can participate
Why I write
A path finder who will not share his knowledge is not one to trust.
That is the short answer. The longer answer is that the questions the firm's methodology addresses, how to calculate risk capacity from a balance sheet, why bonds held to maturity carry less risk than their market prices suggest, why the four percent rule is a mathematical fiction, why the institutional structures around a currency matter more than the currency itself , are not adequately addressed in the conventional financial-advice literature. They deserve a fuller and ongoing treatment than a firm website can deliver.
My Wealth for Life site is that treatment. It is where the arguments get made and stress-tested. Some of it is written for readers who are considering whether to become clients; most of it is written for anyone thinking seriously about money, institutions, and how the two are related.
Wealth For Life
A Substack on money, institutions, culture and the structural conditions that make financial autonomy possible. I try to publish once a month. Sometimes more frequently.
Most recent essay — What Seas Are These?
A note on sharing my thoughts
The essays are educational and analytical. They present a multitude of wide-ranging ideas about money, markets, culture and institutional behavior. They do not contain specific investment recommendations, testimonials, or guarantees of results, and they are not a substitute for advice tailored to an individual's circumstances.
Clients of the firm receive advice under a signed Advisory Services Agreement. The writing is a separate activity, for anyone that is interested in the issues of money, psychology and structure.