Economic Analysis

Don’t Buy Another Growth Stock Until You’ve Seen This


February 7, 2018

Enjoy It While You Can

Thoughts from the Frontline

February 3, 2018

If you travel as much as I do, you come to value nonstop flights. Connections introduce uncertainty and potential delays, not to mention what often feels like wasted time; but sometimes connections are just unavoidable. But you don’t want them to be too tight. Those five-minute sprints from one concourse to another are never fun. Better to have some breathing room.

A Decade of Dirtnap

Outside the Box

January 31, 2018

In today’s Outside the Box, we finish up our 8-part Strategic Investment Conference Speaker Series. It’s been quite a ride and I hope you’ve enjoyed Mark Yusko’s letter to fellow investors… George Friedman’s big call on the future of the EU… Niall Ferguson’s take on the “antisocial networks”… Grant Williams’ treatise on the consequences of excessive quantitative easing… Louis Gave’s thoughtful questions for 2018… David McWilliams’ lesson from history on speculative behavior… and Lacy Hunt’s...

Gross Domestic Problems

Thoughts from the Frontline

January 27, 2018

Fictitious Wall Street villain Gordon Gekko famously declared, “Greed is good.” I think actual Wall Street titans would mostly disagree. They would change one word. Instead of “greed,” they would say, “Growth is good.” That is Wall Street’s real mantra. Growth is the magic elixir we all need.

Hoisington Quarterly Review and Outlook

Outside the Box

January 24, 2018

We continue our 8-part SIC Speaker Series today with my good friend Lacy Hunt of Hoisington Investment Management. In their fourth-quarter 2017 review and outlook, Lacy and partner Van Hoisington take a definitely contrarian stance on the coming year.



How are some of the world’s top portfolio managers and geopolitical experts preparing for A World Full of Risk & Reward? Find out...

Reserve your seat...

A Fly in the Economic Ointment?

Thoughts from the Frontline

January 20, 2018

The holidays are fading from memory, and 2018 is off to a good start, economically speaking. Most of the forecasts I’ve read expect a good year – not a blockbuster year or a horrendous one, but a mild pickup that ought to satisfy investors. Even the bears seem less confident than usual.

The Seven Deadly Sins

Outside the Box

January 17, 2018

It’s week 6 of our 8-week SIC Speaker Series, and we have with us David McWilliams, Irish economist, author, and broadcaster, who I first met when, on the first evening of my first-ever trip to Ireland in 2011, he invited me to attend the opening night of a classic and much-loved Irish play by Sean O’Casey, at the Abbey Theatre in Dublin (also known as the National Theatre of Ireland). I learned that the year before David had staged his own one-man show at the Abbey, called Outsiders. It had a...

Year of the Octopus, Part 2

Thoughts from the Frontline

January 12, 2018

Only two weeks in and 2018 is already breaking records – mostly in a good way. But that leaves 50 potentially less enjoyable weeks to go. So rather than focus on promising current events, I think I’d better dip back into my annual forecast bag and share a few more highlights with you.

Questions for the Coming Year

Outside the Box

January 10, 2018

Today, in week 5 of our 8-week SIC Speaker Series, I give you Louis-Vincent Gave, the Hong Kong-based CEO and founding partner of Gavekal. Louis always brings an abundance of fresh, actionable insights to the Strategic Investment Conference, and you’ll get a taste of what’s in store as Louis shares his “Questions for the Coming Year” with us in today’s Outside the Box.

Being an Alpha Society member can help you…

Build a profitable portfolio


Year of the Octopus, Part 1

Thoughts from the Frontline

January 5, 2018

Greetings from Hong Kong, where the locals are preparing to welcome the new year on February 16. While 2018 is the Year of the Dog on the traditional Chinese calendar, on the nontraditional Mauldin calendar we call it the Year of the Octopus. I don’t know exactly what’s coming, but I’m pretty sure it has more than four limbs.