
Merry Christmas from John Mauldin
Dear friend,
I wanted to reach out at this time of year and tell you how grateful I am for you being both reader and friend. Some 26 years ago, when I started writing this letter, my one rule was that I would write as if I was talking to my best friends. I really do think of you that way – which is why the letter is so personal at times.
I rarely miss putting out a letter, but with the holidays this week, I think we should all spend more time with family and friends. My next letter will come after the first of the year.
None of us know the future, but I predict that we will still be friends at the end of next year. So, from Shane and I, Ed and Olivier and the whole Mauldin Economics family, let me wish you the merriest of Christmases and the happiest of New Years.
One more thing—after being closed for the past year, the Alpha Society is open to new members only through midnight on December 29. Access all our research at a significant discount. If you’ve been wanting to join us, now is your chance. Click here to read my letter.
You're enjoying this most wonderful time of the year analyst,

John Mauldin
P.S. If you like my letters, you'll love reading Over My Shoulder with serious economic analysis from my global network, at a surprisingly affordable price. Click here to learn more.
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of the 26 years of you writing this letter, I've been with you 23 + years. You have recommended some great books that I have read (including Bull's eye investing, which I still have my copy). I consider you part of my continuing education. I look forward to reading your comments and thoughts and am looking forward to 2026. Merry Christmas to you and all your family
Merry Christmas, John. Thank you for all your insight. I wish I could afford the Alpha Club.
John, you are a provocateur of the best kind. I look forward to your sabre thrusts, and I find much of the comment trail hilarious. May you continue your courageous and outspoken course in the new year.😀
Merry Christmas to you and yours, Here's to a grand 2026.
Merry Christmas to you and your family, John. Always look forward to reading your remarks every Saturday morning.
Merry Christmas and Happy New Year to all of you.
MERRY CHRISTMAS and Happy New Year !!!
John
May you, your wife, family and team have a very Blessed Christmas enjoying time with your loved ones. May you all be truly blessed.
Ken