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  • Teach Your Kids About Investing (Without Telling Them)

    Teach Your Kids About Investing (Without Telling Them)

    I spent over 20 years learning how markets work. Then I tried to teach my kids. Charts glazed their eyes. Monopoly taught them the wrong lessons entirely. It took a Renaissance gem-trading board game to…

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    8 minutes

  • The Opportunity Cost of Not Answering the Question

    The Opportunity Cost of Not Answering the Question

    “When a potential client asks a direct question, answer it directly. Even if the response is not known, answering I do not know is acceptable…. It is also acceptable to say no.”

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    4 minutes

  • The Scale Problem With Space

    The Scale Problem With Space

    What looks close in the night sky almost never is. The Moon, the Sun, and even the nearest stars are separated by distances that defy everyday experience. Using a simple scale model, this piece explores…

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    7 minutes

  • When Banks Try to Be ETF Hosts, the Margins Usually Win

    When Banks Try to Be ETF Hosts, the Margins Usually Win

    The most important development is not that banks are stepping back. It is who is stepping forward.

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    7 minutes

  • Why Most Family Offices Should Fail (And How to Build the Rare Exception)

    Why Most Family Offices Should Fail (And How to Build the Rare Exception)

    Why Most Family Offices Should Fail (And How to Build the Rare Exception) “Adversity is sometimes hard upon a man, but for one man who can stand prosperity, there are a hundred that will stand…

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    29 minutes

  • Greenland: A Controlled Experiment in Collapse

    Greenland: A Controlled Experiment in Collapse

    Twenty years ago I read Jared Diamond’s Collapse. The story of Norse Greenland still matters because it shows how societies rarely fail suddenly. They fail slowly, through reasonable decisions that no longer fit a changing…

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    4 minutes

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