TRENDS & TAIL RISKS™

A monthly publication dedicated to the principle that deeper and broader knowledge drives superior investment results

Whether to Invest with the Weather

POSTED ON August 5th - POSTED IN Art of Valuation, Replacement Cost, Bottom Up Analysis

By Lewis Johnson - As an investor the most important decision I make every day is what to ignore. After all, it’s a big wide world with literally tens of thousands of financial securities in it: stocks, bonds and other[…]

Greece: War of Creditors vs. Debtors

POSTED ON July 15th - POSTED IN Risk

By Lewis Johnson - It seems as if I have been writing about Greece forever! But events there do continue to demand attention. Make no mistake: Greece is on the front lines of global over-indebtedness which is why it’s[…]

Contagion: Fog of War?

POSTED ON July 8th - POSTED IN Risk, Contagion

By Lewis Johnson - Writing these weekly research pieces is often a revealing journey for me. I start by surveying the world for the most noteworthy events about which I am concerned. As I winnow and sift my thinking, I[…]

Contagion Revisited

POSTED ON July 1st - POSTED IN Risk

By Lewis Johnson - Big changes are afoot in the markets. It’s time to pay attention! While Greece is very much all over the headlines these days – current events impact far more than Greece. We care about Greece[…]

Great Expectations

POSTED ON June 24th - POSTED IN Cycles, Bottom Up Analysis, Commodity

By Lewis Johnson - Charles Dickens was one of those rare and durable authors who was acclaimed in his own time and whose work is still fresh to this day. Dickens was widely honored as a true literary genius, creating[…]

Lewis Johnson
Chief Investment Officer

Author of Trends & Tail Risks

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