Subscriber Only: You Beat The Market By Working Hard, Not Smart

Early one evening in the summer of 1975 there was a knock at our front door, a not uncommon event of the era. Upon answering I expected to see a friend, neighbor, or random relative who found themselves in the area and decided to drop by.

What I didn’t expect to see was Don Pate.

High up on the list of unwritten rules that ensure a civilized society sits …