TRENDS & TAIL RISKS™

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

The Cobra Effect and the Power of Incentives

POSTED ON June 3rd - POSTED IN Regulation, law changes, Central Banking, Tax

By Lewis Johnson - CHIEF CONCLUSION Charlie Munger, Warren Buffett’s business partner at Berkshire Hathaway, argues that one of the world’s most powerful forces is that of incentives. I think he is right. Today I want[…]

Che Guevara, Central Banker

POSTED ON May 13th - POSTED IN Commodities, Commodity, Central Banking

By Lewis Johnson - CHIEF CONCLUSION Clear economic incentives drive superior economic outcomes. To me, this means less government intervention and meddling. Meddling in the monetary system has been rebranded as the[…]

Lewis Johnson
Chief Investment Officer

Author of Trends & Tail Risks

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