Tag Archives: David Kotok


Markets & Cognitive Epistemology

Author: David R. Kotok, Post Date:
Market Commentary - Cumberland Advisors - Markets & Cognitive Epistemology

We want to open a discussion about cognitive epistemology, invoking behavioral economics and translating our conclusions into a market strategy at the end. Epistemology is the study of how we know what we know – or really, what we think we know. Here is a precise definition: “the theory of knowledge, especially with regard to […]

David Kotok speaks with Bloomberg’s Tim Fox and Tom Keene about ETFs, Bonds, Taxes, & More

Author: , Post Date: September 4, 2018
Cumberland's David Kotok on Bloomberg Radio

David Kotok speaks with Bloomberg’s Tim Fox and Tom Keene David was asked, “Where are you within your portfolio: cash, bonds, equities?” David responds, “ Bonds, barbelled, that’s an easy one and we’ve been in that mode for a while and we’re going to stay there. In our Leveraged Volatility, that’s a high-frequency trading strategy, […]

John Mousseau, CFA® Becomes President of Cumberland Advisors as Firm Celebrates 45th Anniversary

Author: Sharon Prizant, Post Date: June 15, 2018
Cumberland Advisors - 45th Anniversary

It is with pride that Cumberland Advisors celebrates its 45th Anniversary. June 18th marks 45 years since Cumberland Advisors officially opened its Vineland, NJ, office. Eight years after moving our principal office from Vineland to Sarasota, FL, we have 45 employees, and as of April 30th, 2018, more than three billion dollars of client investment […]

Cash, NIRP & Bonds

Author: David R. Kotok, Post Date: July 29, 2016
Cumberland Advisors Market Commentary by David Kotok

Take a look at the $100 bill, ¥10,000 note, and €100 note. They are all pieces of paper with an intrinsic value near zero. Their money-like characteristics establish the value for each bill or note. With roughly the same monetary value, give or take a fluctuating amount in foreign exchange markets, they can each buy […]


Author: David Kotok, Post Date: May 29, 2012

The drachma, the Greek currency, is over 3000 years old.  It was the most widely circulated coin in the world prior to the time of Alexander the Great. Readers may enjoy a few minutes of study about Alexander the Great.  His Macedonian army conquered Persia and much of the rest of the ancient world.  His […]

How Safe is Your Bank?

Author: David R. Kotok, Post Date: July 25, 2008

In 1790, Edmund Burke, the founder of Anglo-American conservatism, waxed eloquently about the power and responsibilities of a government’s agencies in a democracy. He said: “To execute laws is a royal office; to execute orders is not to be king.  A political magistracy, though merely such, is a great trust.”  This warning came before there […]