TRENDS & TAIL RISKS™

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

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[…]

Demystifying the Business Cycle

POSTED ON June 17th - POSTED IN Prices Allocate Resources, Cycles, Indicators

By Lewis Johnson - The rainy season is well underway here in sunny South Florida. Each day I can confidently predict that the weather will be hot and humid with a good chance of afternoon showers. I can even track by[…]

The Constant of Change

POSTED ON April 29th - POSTED IN Cycles

By Lewis Johnson - History is full of helpful lessons for investors. If only we would heed them! Of course there is so much in the broad sweep of history – upon what should we focus our attention? I have long been an[…]

Unexpected Change

By Lewis Johnson - The game of poker shares many similarities with investing. They are both odds driven endeavors where it pays to be logical. The margin of victory is often slim! If you play the game of poker long[…]

Falling Steel & Energy Prices: Good or Bad?

POSTED ON November 5th - POSTED IN Cycles

By Lewis Johnson - “Life is not a spectacle or feast; it is a predicament.”

Lewis Johnson
Chief Investment Officer

Author of Trends & Tail Risks

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