TRENDS & TAIL RISKS™

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

Franco Nevada: The Art of Stock Selection in the Gold Sector

POSTED ON March 9th - POSTED IN Gold, Price of Gold, Relative Value of Gold (and Credit)

By Lewis Johnson - Gold is up 19% year to date against the backdrop of a volatile stock market. In fact, gold just clocked its strongest February since 1975. Is this the move we have been waiting for in gold? We[…]

Fed Rate Hikes are a Mistake

POSTED ON February 24th - POSTED IN Credit

By Lewis Johnson - The Fed made a mistake in raising interest rates. The consequences of this mistake could be far-reaching. Frequent readers know that I strive to follow the advice of Bismarck and study history to[…]

If Something Cannot go on Forever It Will Stop

POSTED ON February 10th - POSTED IN Thinking About the Future

By Lewis Johnson - The scope of damage that has taken place in the markets over such a brief period of time has been substantial. We have been planning for this event for many months. Especially troublesome for those[…]

Navigating Orwellian Markets

POSTED ON January 27th - POSTED IN Portfolio Construction for a Challenging World

By Lewis Johnson - Successful investing is driven by profitable disagreement with the market. Investors must have the conviction of sound reasoning behind their disagreements. Put another way, the biggest profits are[…]

China Deflationary Wildcard: Lessons from the Past

POSTED ON January 13th - POSTED IN Credit

By Lewis Johnson - Applying the Lessons of the Past to Today’s Market Turmoil Markets have been very volatile lately with the drumbeat of troubling events increasing in both pace and strength. It’s a reasonable time[…]

Lewis Johnson
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Author of Trends & Tail Risks

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