What is Camp Kotok??? This is not a routine Cumberland Advisors Commentary! Rather than offering commentary on issues and events of importance to the investment and advisory community, this Commentary reports on a very unique and special event for the investment and advisory community known as “Camp Kotok”, held annually at Leen’s Lodge in Grand […]
Camp Kotok is a gathering of economists, current and ex-Fed staff, traders and journalists in the bucolic backwoods of Maine. 2017’s gathering also included a visit from Susan Collins, one of three Republican senators voting “No” to the hastily-crafted skinny repeal health care bill. Most time was spent talking about the economy, markets and the financial industry. Topics and themes I found interesting are here.
Asjylyn Loder, reporter for the Wall Street Journal, writes about Camp Kotok in the following article. The economic predictions from the annual gathering known as Camp Kotok resemble two smart people trying to steer a canoe: lots of zigging and zagging to get back to the same place. Every year, David Kotok, chief executive of […]
John Mauldin of Mauldin Economics shares some musings about his time and participation at Camp Kotok. His full account at the URL below. Camp Kotok is an invitation-only gathering of economists, market analysts, fund managers, and a few journalists. It takes place at the historic Leen’s Lodge in Grand Lake Stream, Maine. We fish, talk, […]
This year, one of Camp Kotok’s events was a panel discussion on monetary policy moderated by Martin Barnes, chief economist at BCA Research. Participants on the panel included two Fed “insiders”—Danielle DiMartino Booth, former advisor to Dallas Fed President Richard Fisher, and Bob Eisenbeis, former research director at the Atlanta Fed—and two Fed observers—Jim Bianco of Bianco Research (who does great macro research with a fixed income bent) and Megan Greene, chief economist at Manulife.
Below are John Mauldin’s kind words about Camp Kotok.
When David Kotok first approached me about coming to “Camp Kotok,” I was somewhat skeptical. I don’t really fish much and Grand Lake Stream is one of the few places in the US that you just can’t get to in one day.
It takes two flights plus a long drive to get there, and once you arrive, you’re off the grid in terms of internet and cell connectivity.
So why do some of the world’s eminent economists and asset managers take time out of their uber-busy schedules to come? For the same reason I’ve made the trek eleven years in a row.
Yesterday, I flew home from five days in Maine that I spent with John Mauldin and other top economists and fund managers at the annual Camp Kotok economics/fishing retreat. The weather was beautiful; I even caught some delicious fish. I’ll describe some of the fascinating late-night discussions in future letters. One reason why they were […]
This is the second article by Katie Darden in a two-part series about Camp Kotok, a yearly gathering of economists and financial professionals organized by Cumberland Advisors Chairman and Chief Investment Officer David Kotok. Click here to read the first part. There was plenty of pessimism at Camp Kotok this year about the direction of U.S. leadership both […]