Outside the Box

Market Vertigo

John Mauldin

January 12, 2009

I get a lot of newsletters from money managers around the country, which I try and read as they are written by people who are —in the trenches,— actually making decisions on behalf of their clients. It broadens my perspective. Frankly, most are not all that well written and unimaginative, but who ever said writing was easy? But some really strike a chord with me. Today's Outside the Box I have read twice, which is unusual for me. Cliff Draughn is a wealth manager in Savannah, Georgia (Draughn Partners) and a good friend. His letter is a wide ranging tome on a variety of topics, but is full of common sense and one that I think will resonate with readers. I trust you will enjoy this.

John Mauldin, Editor
Outside the Box

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Market Vertigo

Cliff W. Draughn, Draughn Partners

"We give you a Republic; now see if you can keep it." -- Ben Franklin

As I have remarked in prior calendar-turning newsletters, it is this time of the year when most people pause to reflect on the past, ponder the present, and plan the future. The New Year always rings in with the soothsayers and fortunetellers of the market invading our consciousness with their…

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