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 Lake Stream, Maine, one of the State’s most remote venues (www.leenslodge.com). Many have asked about this event; here is an overview.
Camp Kotok (“CK”) is a “by invitation” event for individuals associated either directly with Cumberland Advisors or with the financial industry, generally. Attendees convene in Washington County, Maine under “Chatham House Rules” (what is heard and/or exchanged among the attendees is on a “non-attribution” basis unless expressly authorized to the contrary). General thoughts, ideas, forecasts and comments, however, can be discussed and published outside of CK.
This annual early August event evolved after David Kotok invited several other 9/11 “survivors” to relax, fish and reflect almost one year after the World Trade tragedy, from which many CK attendees escaped and where many lost friends. Fishing together on the pristine Maine lakes helped the attendees to form a bond in this restorative environment. Those who attended in the first year decided to return and invite others – thus “Camp Kotok” was established.
Several weeks ago 49 people met in West Grand Lake – some “old timers” and some “newbies”. What a great experience this year! We had attendees from both North and South America as well as a new participant from Scotland. It was a particularly congenial and accomplished group.
We fished each day and enjoyed daily lunches of freshly-caught fireside grilled fish on several of the many small picturesque islands in the middle of the “grand” lakes. Abundant breakfasts and delicious dinners were prepared by the Lodge. The new owner, Scott Weeks and his lovely family, together with the former owner, Charles Driza, welcomed us warmly and went out of their way to meet the needs of every “camper”.