My friend, Harry D. Schultz, died February 22nd, at his home in Monaco.
Harry had a long and productive life. Born in Milwaukee in 1923, he was shipped off to Shanghai toward the end of World War II, where (while still in the service) he learned to trade everything from silks to currencies, but especially gold.
Upon returning, he owned and operated a series of small newspapers, mostly in California. Ultimately he sold them off, moved to Europe, and founded the modern practice of jurisdictional arbitrage for individuals, calling it Perpetual Traveling.
For more than 45 years, Harry published his International Harry Schultz Letter, an iconic financial newsletter like no other. He was also a highly paid financial consultant during this time, mainly helping individuals navigate international finance.
Along the way, Harry raced in the Grand Prix, influenced a generation of economic and libertarian thinkers, and much more. During the Soviet invasion of Afghanistan, he built a small hospital to help the suffering Afghani people. He did this simply because it needed to be done and because he was able to do it. That’s the kind of man he was.
And, he was my friend.
Rest in peace, Harry. You will be remembered and missed.