Trends & Tail Risks

A bi-weekly publication dedicated to the principle that deeper and broader knowledge drives superior investment results

Investing is a Team Sport

By LEWIS JOHNSON – Co-Chief Investment Officer | August 9, 2017  Imagine my pleasant surprise the other day when examining an inbound portfolio I found a long-held position in Warren Buffett’s Berkshire Hathaway.  You don’t see many of those.  Although this client’s investment in Berkshire began as only a small position decades ago, it had grown over […]

The Discipline of Discomfort

By LEWIS JOHNSON – Co-Chief Investment Officer | July 26, 2017  Vacation time!  It’s time for our annual week-long escape from the oppressive July heat of South Florida.  This means loading everyone – me, the wife, all three kids, and Sherman the Wonderdog – into our car for the two day drive to the North Carolina mountains. […]

Our Firm was Named the Second Fastest Growing Investment Advisor in 2016! Thank You!

By LEWIS JOHNSON – Co-Chief Investment Officer | July 12, 2017  Financial Advisor magazine recently named Capital Wealth Advisors as 2016’s second fastest growing registered investment advisor in the country.  The details are at the link below:—ranking-2017-33401.html Financial Advisor clocked our 2016 growth in assets under management at more than 100%.  Long-time clients will recall that […]

Deeper Insight Through Indicators

POSTED ON June 29th  - POSTED IN Cycles

By LEWIS JOHNSON – Co-Chief Investment Officer | June 28, 2017  The bedrock principle of my investing career is to understand why things happen.  Almost everything in the markets happens for a reason.  One who seeks to better forecast the future must first understand the forces that will cause the future to unfold.  Every cause has an […]

Ask Better Questions to Make More Money

POSTED ON June 15th  - POSTED IN Gold, Indicators, Price of Gold, Relative Value of Gold (and Credit)

By LEWIS JOHNSON – Co-Chief Investment Officer | June 14, 2017  Learning How to Make Money in the Markets: Studying Companies After earning my MBA at Wharton, I joined T. Rowe Price as an equity analyst. There I finally could study and educate myself about sustainable growth companies such as 3M, Ecolab, Monsanto and other American icons […]

Credit Watching: Exter’s Inverted Pyramid At Work

POSTED ON May 31st  - POSTED IN Credit

By LEWIS JOHNSON – Co-Chief Investment Officer | May 31, 2017  I write “Trends and Tail Risks” to help explain our investment team’s framework, and our investments, to our clients and friends.  Many topics recur again and again, focusing on the miracle of the market’s use of price to bring supply and demand into balance (Remember your Micro […]