Pittsburgh Quarterly Contributors
Greg Curtis

Greg Curtis

Gregory Curtis is the founder and Chairman of Greycourt & Co., Inc., a wealth management firm. He is the author of three investment books, including his most recent, Family Capital. He can be reached at . Please note that this post is intended to provide interested persons with an insight on the capital markets and is not intended to promote any manager or firm, nor does it intend to advertise their performance. All opinions expressed are those of Gregory Curtis and do not necessarily represent the views of Greycourt & Co., Inc., the wealth management firm with which he is associated. The information in this report is not intended to address the needs of any particular investor.

Investing in a Rigged Market

The asset management business as we know it today got started in the mid-​19th century. The impetus for investment management firms separate from banks arose out of the awkward fact that banks often fail, while asset management firms hardly ever do.

To Experts: a Few Words of Wisdom

“I would rather be governed by the first 2,000 names in the Boston phone book than by the Harvard faculty.” –William F. Buckley

Back to the Middle Ages: A Century of “Expertism” in America

The vast Federal regulatory apparatus that we know and love today got its start early in the 20th century under President Woodrow Wilson. Appropriately, Wilson was the only President in U.S. history to earn a PhD – he’d been president of Princeton University.

It was a Good Idea in Theory…

Back in 1986 I launched a wealth management firm I conceitedly called “Greycourt” — it’s an anagram for my name. The firm met with modest success and in 1988 I incorporated it. I was probably the most hopeless, bumbling entrepreneur in the history of private enterprise, but somehow I’ve been with Greycourt for 31 years.

Democracy, Populism, and the Tyranny of the Experts, Part XI

As far as reigning in annoying experts is concerned, Congress and the judiciary are a bust, albeit with a few tiny bright spots on the distant horizon, twinkling away like dying lighthouses on a storm-​tossed sea. But what about the Presidency?

When Experts Judge the Experts

In my last post we examined the (pathetic) attempts of Congress to control the tyranny of the experts. Fortunately, Congress isn’t the only weapon in the battle against expert oppression, even at the Federal level. Let’s take a look at the judiciary.

Democracy, Populism, and the Tyranny of the Experts, Part IX

“The complexity of modern life has steadily whittled away the functions the ordinary citizen can intelligently and comprehendingly perform for himself…When he sits down to breakfast and looks at his morning paper, he reads about a whole range of vital and intricate issues and acknowledges…that he has not acquired the competence to judge…

Democracy, Populism, and the Tyranny of the Experts, Part VIII

Freedom is better, even when it’s worse. We might think about experts the way we think about stop signs (bear with me on this…)

Democracy, Populism, and the Tyranny of the Experts, Part VII

Viewed through the lens of “the tyranny of the experts,” it’s easy to see that in the last election Hillary Clinton was the candidate of the experts, while Donald Trump was the candidate of people who were tired of being tyrannized by them.

Democracy, Populism, and the Tyranny of the Experts, Part VI

Populism is an unsettling phenomenon in part because we don’t know where it will end. And we don’t know where it will end because populism isn’t itself a governing idea — it’s a response to the perceived failure of other governing ideas.
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