TRENDS & TAIL RISKS™

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

Bond Market: Turning Japanese?

POSTED ON December 2nd - POSTED IN Bonds, Credit

By Lewis Johnson - The financial world is a confusing place. Those of us with significant experience that pre-dates the Global Financial Crisis of 2007 - 2009 can easily see how much more complex the world is now than[…]

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[…]

"Seeing the Ball" Clearly: The Value of a Cogent and Controversial Narrative

By Lewis Johnson - Baseball is back! With the return of April and the rainy season here in south Florida, baseball has returned. As thoughts turn to baseball, I am reminded of the epic 1991 season for the Atlanta[…]

Blockbuster Results

POSTED ON March 18th - POSTED IN Art of Valuation, Triangulation, Bottom Up Analysis

By Lewis Johnson - I love movies. My favorite movies combine great actors, a riveting story line, stunning imagery and a moving musical score to create a memorable experience. Ultimately there must be one individual[…]

Big Problems Start Small

POSTED ON May 21st - POSTED IN Bonds, Greece

By Lewis Johnson - Last week the Greek bond market took a beating after almost two full years of constant improvement. This week’s Trends and Tail Risks explains why you should care and what we are watching for next.[…]

Lewis Johnson
Chief Investment Officer

Author of Trends & Tail Risks

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