Writing & Ideas
Two Substack publications, a monthly column here on the business of wealth management, a Globe & Mail personal finance column, five books, and a podcast—each exploring a different dimension of how we decide, lead, and build well in uncertain times.
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From the practice
Notes on building a wealth business
Every month I write here on the questions I work on with firms—talent, clients, systems, and how to compete as AI and commoditization reshape the industry.
The Third Act: The Growth Market AI Can't Automate
We spend decades preparing to retire, then treat the transition as a single Friday. The firms that coach the Third Act, not just the portfolio, will own the next decade.
The Globe & Mail
10-8-2026
What AI investors can learn from a decades-old cellphone
Big Tech is spending $700B on AI infrastructure but earning less than 10% of that. As Meta rents out surplus compute, this piece explores why exploding usage isn't translating to profit—and what investors should watch.
Full story (subscription): https://www.theglobeandmail.com/investing/article-what-ai-investors-can-learn-from-a-decades-old-cellphone/
12-6-2026
Flashbacks to the dot-com crash show investors are ignoring the math again
With 51% of US market cap now trading above 10x sales and the Shiller CAPE near dot-com peaks, this piece asks what investors were thinking.
Full story (subscription): https://www.theglobeandmail.com/investing/article-dot-com-crash-investors-math-stock-market/
28-5-2026
The gorilla in the AI boom investors may be missing
Using the inattentional blindness "gorilla" experiment as a metaphor, this article warns that investors' tunnel vision on AI hype is causing them to miss obvious warning signs of market overvaluation and cyclical risks.
Full story (subscription): https://www.theglobeandmail.com/investing/article-gorilla-artificial-intelligence-boom-investors-may-be-missing/
24-4-2026
When the exit door slams shut: Is private credit really right for your portfolio
As $5.4 billion in redemption requests hit private credit funds, this article warns that "semi-liquid" is often just marketing for illiquid assets, urging investors to read the fine print and stress-test their portfolios against frozen capital.
Full story (subscription):
The thinking behind the work.
Two Substack publications. Plus a monthly column here on the business of building a wealth firm.
Books
Five books on decision-making, behavioral finance, wealth, and the human side of leadership plus Sam’s debut novel.