About


At VLTCM, a financial and economic history advisory firm, we:

Look very long-term (LT) into the future

Utilize academic literature (that Wall Street analysts are too busy to employ)

Utilize economic history (that economic & finance academics are too busy to employ)

Deem ourselves as very LT investors, who take a very LT perspective, yet exit our investment positions before "we are all dead." (John Maynard Keynes famously wrote that "In the long run we are all dead.")


Guiding Quotes

The only thing men learn from history is that men learn nothing from history.
Georg Wilhelm Friedrich Hegel

Those who cannot remember the past are condemned to repeat it.
George Santayana

That men do not learn very much from the lessons of history is the most important of all the lessons that history has to teach.
Aldous Huxley

As protection against financial illusion or insanity, memory is far better than law.
John Kenneth Galbraith

Life is a series of various combinations that need to be studied and followed to always remain in an advantageous situation.
Honore de Balzac

History is not a teacher, but an overseer, a magistra vitae: it does not teach anything and only punishes for the ignorance of lessons.
Vasily Klyuchevsky

A page of history is worth a volume of logic.
Justice Oliver Wendell Holmes Jr.


Established 2013