TRENDS & TAIL RISKS™

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

Clients Deserve More Than "Conventional Failure"

By Lewis Johnson - Chief Conclusion I can’t tell you how many times in the investment business I have heard someone parrot to me the first quote above, Keynes’ famous line about how it’s better to “fail conventionally”[…]

Potash: A Study in Patience

POSTED ON December 14th - POSTED IN Art of Valuation, Replacement Cost

By Lewis Johnson - Chief Conclusion We have watched and waited for a decade for Potash Corp. of Saskatchewan (POT) to become cheap enough to purchase again.  A few days ago, we finally pulled the trigger and decided to[…]

Lewis Johnson
Co-Chief Investment Officer

Author of Trends & Tail Risks

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