TRENDS & TAIL RISKS™

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

Sir Isaac Newton: Visionary Scientist, Lousy Investor

POSTED ON August 27th - POSTED IN Art of Valuation, Replacement Cost, Risk

By Lewis Johnson - "I can calculate the movement of stars but not the madness of men."

Gold: Lessons from the Depression

POSTED ON August 20th - POSTED IN Gold, Indicators, Relative Value of Gold (and Credit)

By Lewis Johnson -  Last week’s Trends and Tail Risks noted that there is more money to be made being long the solution than there is in shorting the problem. We are convinced that over indebtedness is the world’s[…]

Credit: Caught Leaning?

POSTED ON August 13th - POSTED IN Credit, Indicators

By Lewis Johnson - They would say, when Whitey Ford made that incredible motion to nip the base runner off first, that the man was caught leaning. The man was leaning one way, and realized what was happening, and[…]

Is Credit Quality Peaking?

POSTED ON August 6th - POSTED IN Credit

By Lewis Johnson - "Formal education will make you a living; self-education will make you a fortune." -Jim Rohn The U.S. stock market just suffered its worst week in more than two years.  Is this just short term[…]

Lewis Johnson
Co-Chief Investment Officer

Author of Trends & Tail Risks

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