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The global view from Camp Kotok

Author: , Post Date: August 14, 2017

This is the first 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 second part. Camp Kotok’s horizons extend far beyond the woods of Maine and the borders of the United […]

Dispatches From Camp Kotok – Barron’s take on Camp Kotok

Author: , Post Date: August 7, 2017

At Camp Kotok, an annual gathering hosted by David Kotok of Cumberland Advisors, 50 or so economists, wealth managers, traders, heads of research, pundits, and a few journalists flocked to Leen’s Lodge for a long weekend of fishing, shooting, and vigorous debate. Chatham House Rule was in effect, granting attendees anonymity. The talk, however, was free game and it ran the gamut from market valuations and the rise of exchange-traded funds to Federal Reserve policy and health care.

Camp Kotok Asks: Does The Fed Matter?

Author: , Post Date: August 6, 2017

If there was a single question that kept coming up, it was whether global asset markets were overvalued. “This bull market is tired,” was a common refrain. The counterarguments were many and vigorous. Barry Ritholtz of Ritholtz Wealth Management was quick to point out that measuring bull markets from the lowest-lows—March 2009—is essentially a mental error—by that measure, the 1980s bull market started in the 1970s.

Instead, measuring from the “higher highs,” the current bull market is essentially a toddler:

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For a larger view, please click on the image above.

Further on the bull side, there was broad dismissal of the current chaos in Washington, and a strong focus on fundamentals that still look strong: Corporate earnings are at all-time highs, and that should remain the driver of at least the U.S. equity markets.

Camp Kotok, Here We Come!

Author: , Post Date: August 2, 2017

Tomorrow I head for the backwoods of Maine and Camp Kotok – always one of the high points of my year. Most of my readers know by now that Camp Kotok is the annual fishing trip cum economics gab-fest hosted by David Kotok of Cumberland Advisors. It’s an invitation-only event that has been compared to […]

Montana: The Last Best Place by Jill Fornito

Author: , Post Date: September 13, 2016

In the lower part of Montana, about 50 miles south of Bozeman and hidden in the hills beyond several miles of unpaved roads, perched upon a hilltop near the Gallatin National Forest, you’ll find Hubbard’s Yellowstone Lodge. An Orvis-endorsed and award-winning fishing lodge in the summer, a hunting lodge in the autumn and for the […]

Camp Kotok Interview Series

Author: , Post Date: September 18, 2015

Ross Ashcroft speaks to attendees at Camp Kotok in a series of video interviews. They discuss the origins and purpose of Camp Kotok, the global economy, the Fed and US private debt levels, and much more.

The “Maine” Event by Jill Fornito

Author: , Post Date: August 24, 2015

About two hours north of Bangor, Maine, and 20 miles south of the Canadian boarder is the teeny tiny town of Grand Lake Stream, where every summer, longtime GIC Board Member David Kotok hosts his annual fishing retreat. Affectionately named “Camp Kotok,” this exclusive event brings together a mix of economists, analysts and strategists for […]

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