TRENDS & TAIL RISKS™

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

Changes in the Rules of the Game

POSTED ON April 16th - POSTED IN Bonds, Gold, Portfolio Construction for a Challenging World

By Lewis Johnson - CHIEF CONCLUSION In complex times, it’s important to focus. From where I sit, it seems that there are two big things going on in global markets right now. The first is a cyclical downturn of[…]

3 Keys to Sell Discipline

POSTED ON February 6th - POSTED IN masters of investing

By Lewis Johnson - CHIEF CONCLUSION Buying an investment may be only half the battle. What about when to sell? We think the ability to sell well is one of the rarest and most valuable skills in investing. Our research[…]

4 Investment Lessons from Losing a Hundred Pounds

POSTED ON January 23rd - POSTED IN

By Lewis Johnson - CHIEF CONCLUSION The other day I passed a big milestone, I lost a hundred pounds from my peak weight. I thought I would take a minute and write about it, because like so many other things in life, I[…]

Animal Spirits

POSTED ON June 13th - POSTED IN Portfolio Construction for a Challenging World

By Lewis Johnson - CHIEF CONCLUSION Are tariff announcements breaking the market’s “animal spirits” that are necessary for the health of a historically extended bull market in equities? We examine some important[…]

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[…]

Lewis Johnson
Chief Investment Officer

Author of Trends & Tail Risks

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