TRENDS & TAIL RISKS™

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

Lewis Johnson

Lewis Johnson
Co-Chief Investment Officer at Capital Wealth Advisors and author of Trends & Tail Risks.
Find me on:

Recent Posts

Imagination is Everything

POSTED ON May 16th - POSTED IN Portfolio Construction for a Challenging World

By Lewis Johnson - CHIEF CONCLUSION The biggest mistake we see investors make in the markets, repeatedly, is to assume that tomorrow will look like today. Our experience investing over nearly twenty years and trading[…]

Multiple Ways to Win

POSTED ON May 2nd - POSTED IN Portfolio Construction for a Challenging World

By Lewis Johnson - CHIEF CONCLUSION In today’s research, we outline our view that diversification should not end with the simple ownership of many holdings within a portfolio. Rather, it should go further still to[…]

Prediction is Difficult

POSTED ON April 18th - POSTED IN Portfolio Construction for a Challenging World

By Lewis Johnson - CHIEF CONCLUSION We believe that superior risk management is the key to successful value investing.  Why?  To us, investing is not about having a crystal ball to see the future, because successful[…]

March Madness

POSTED ON April 4th - POSTED IN Portfolio Construction for a Challenging World

By Lewis Johnson - CHIEF CONCLUSION The failure of the 2004 Olympic basketball team suggests that victory is not guaranteed by throwing together a random assortment of even the most talented individual superstar[…]

Getting Paid to Wait: Mortgage REITs

POSTED ON March 21st - POSTED IN Portfolio Construction for a Challenging World

By Lewis Johnson - CHIEF CONCLUSION If capital preservation is your goal, then I believe the single hardest part of portfolio management is thoughtful preparation for the end of the cycle. I know I worry about this a[…]

Lewis Johnson
Co-Chief Investment Officer

Author of Trends & Tail Risks

Email Me!

Newsletter Signup

Featured On