Following on my book, "Going Down Tobacco Road," about the R. J. Reynolds empire, I will share stories about the industry and its people. Occasionally, I will add thoughts on investing.
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WHERE ARE WE HEADED? CHAPTER 1
“Are we rolling downhill like a snowball headed for hell? With no kind of chance for the flag or the Liberty Bell.” [i]
While I have great concern about the problems America faces, we have lived through far worse as a country. I will not m...
A LONG WAY TO GO AND A SHORT TIME TO GET THERE[i]
I recently celebrated my 87th birthday. At my age, every day is a celebration, and I reflect on the words above from Jerry Reed’s song from the movie Smoky and the Bandit. They capture my thoughts about the posts that you get from me.
Ther...
MARTIN (MARTY) LEIBOWITZ – THE INVESTMENT WIZARD, SANS EGO
Martin Leibowitz was a giant of investment research. When he died in May at age 89, his work had reshaped how the world prices and manages bonds. Equally remarkable, in a field where outsize egos are common, he was a thoughtful gentleman. T...
REMEMBERING A KEY PERSON IN MY PROFESSIONAL LIFE
James Robert Hamilton
September 24, 1935 — September 3, 2026
With great sadness, I share this post about one man who helped my professional career more than any other. I have known him for 48 years. Last Friday, I planned my annual birthd...
WISE WOMEN’S WORDS
Dolly Parton’s death has left a void in the heart of America. Like so many good things in life, we took her for granted, thinking that she would be here forever. Tributes have cited her kindness, generosity, wit, resilience, confidence, cre...
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Authors
The writers behind this newsletter.
Investment Professional at R. J. Reynolds Tobacco Company (1965–1986). Author of “Going Down Tobacco Road,” a history of tobacco and R. J. Reynolds and its expansion. Worked in investments for almost sixty years.
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