Thoughts from the Frontline

A Foolish Conversation With John Mauldin

By John Mauldin

May 19, 2006

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This week I am in La Jolla for my annual Strategic Investment Conference. It is packed, and of course I am quite busy, so not much time to write my regular e-letter. But a few weeks ago, Rich Smith from The Motley Fool did a fairly wide-ranging interview with me that just came out this week, and I thought he did an excellent job in putting together a coherent piece from what was a long conversation covering a lot of topics. So, let's see what Rich found interesting in my musings.

By Rich Smith

Do you have a net worth of $1 million? Own a hedge fund? If the answer to one of those questions is "yes," then chances are that you know John Mauldin -- president of Millennium Wave Advisors, author of the weekly e-letter "Thoughts from the Frontline," and perhaps the leading proponent of the theory that America is in the midst of what he calls a secular bear market. When you need a big-picture view of what's going on in the economy, John Mauldin is the guy to ask. Fool contributor Rich Smith did just that.

Rich Smith: John, let's start with a get-to-know-you question -- it's actually a compound question. What is Millennium Wave, why did you set it up, and what do you all do there?

John Mauldin: Millennium Wave is a "manager of managers" for accredited investors, primarily individuals. We evaluate the performance of hedge fund managers and firms investing in alternative investments and help our clients find the good ones.

As for…

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