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.

The Trouble with the Elites

C. P. Snow titled his last book, written shortly before he died, “A Coat of Varnish.” What he meant, as he put it, was that “Civilization is hideously fragile.” Civilization, that is to say, is like a thin coat of varnish spread on top of human savagery. The varnish looks terrific, but scratch…

Europe Fails to Build the New Man

Since human beings settled into communities — that is, since most of us stopped being hunter-​gatherers — a primary goal of mankind has been to improve how we are governed. We wanted governments that were more representative, fair, and efficient, governments that could improve our economic circumstances and defend themselves (and us) from outside influence or destruction.…

The Instability of Europe

Between the first and second world wars, most of the European governments — Britain and, to a lesser extent, France, being exceptions — lived lives that were, to paraphrase Hobbes, weak, unstable, and short.

On Populism

Civilization is like a very fine suit of clothes that is just slightly too small for us. The term “populism” derives from the Latin, populus, meaning “people.” It doesn’t mean “people” in the sense of “There are a lot of people who don’t read my blog.” It means “people” in the sense of…

Investing in a Rigged Market, Part IV

If we care about the health of free market economies, then we need to care about how efficiently capital is allocated in those economies. And if we care about efficient capital allocation, then we need to care about the health and efficiency of capital markets, because those markets are the principal instruments we…

Squeezing out the Investment Experts

The core problems with central bankers, which have led directly to the catastrophes of the Tech Bust, the Financial Crisis, the pathetically weak recovery from the Great Recession of 2008-​09, and the near-​destruction of the asset management business, are: groupthink, arising out of the fact that every central banker in the world went…

The Fed and Friends

We are talking about the traumatizing events that rocked the asset management business, to say nothing of the world, beginning in 2008, a calamity brought to us courtesy of the world’s central bankers.

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.
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