TRENDS & TAIL RISKS

A bi-weekly publication dedicated to the principle that deeper and broader knowledge drives superior investment results

Jack Laporte's Biggest Investment Mistake

By Lewis Johnson - Chief Conclusion Once you identify a great investment idea, the most important thing you can do is to remain patient. Learning from the Best - Jack Laporte. A Great Investor and Wonderful Person The[…]

Avoid the Monkey Trap

By Lewis Johnson - Chief Conclusion Today’s “Trends and Tail Risks” is about what happens to leadership stocks when confidence flees, and bull markets turn into bear markets, which has taken place on average every nine[…]

Inconceivable!

By Lewis Johnson - CHIEF CONCLUSION Our goal is not to create “set it and forget it” portfolios but rather to proactively navigate a changing cycle.  Because we do our own research in house, this means we are ready to[…]

Planet of the Apes

POSTED ON May 30th - POSTED IN Populism, European Sovereign Debt

By Lewis Johnson - Chief Conclusion The implosion of the Italian sovereign bond market, the world’s 3rd largest bond market, surprised the world May 29, 2018 with unexpected ferocity.  However, long term readers of[…]

Old Dog, New Tricks?

POSTED ON May 17th - POSTED IN Art of Valuation, Thinking About the Future

By Lewis Johnson - Chief Conclusion The world’s best investors are constantly learning, constantly trying to expand their circle of competence to make better decisions.  Today I explain a recent revelation I had when I[…]