Camp Kotok (“CK”) is an “by invitation” event initially developed and implemented by David R. Kotok and now in conjunction with Cumberland Advisors and the Global Interdependence Center for prominent economists, wealth managers, traders, heads of research, pundits, financial luminaries, and often a few journalists, authors, and individuals associated either directly with Cumberland Advisors or with the financial industry.
Fishing, wine, and conversation are the hallmarks of this annual event held at Leen’s Lodge in Grand Lake Stream, Maine, one of the state’s most remote venues (www.leenslodge.com). In recent years, craft beer has also made a prominent appearance, many brewed locally in Maine further making a positive economic impact on the area's communities.
Here, attendees spend a long August weekend fishing on some of the most pristine lakes in the country; a place to breathe deeply, feel the earth, and replenish the mind with intellectual and stimulating conversation. Vigorous debates are regular and run the gamut from market valuations and the rise of exchange-traded funds to Federal Reserve policy, virtual currencies, and health care. It’s easy to see why some even in the financial press refer to Camp Kotok as the “Shadow Fed.”
Attendees are bound to “Chatham House Rules” (participants are free to use the information received, but neither the identity nor the affiliation of the speaker(s), nor that of any other participant, may be revealed). General thoughts, ideas, forecasts and comments, however, can and are discussed and published outside of CK with implicit permission. Cumberland Advisors has published a series of videos and written interviews with campers desiring to go on the record.
This annual gathering broadened in 2002, after David Kotok invited several other September 11, 2001 “survivors” to spend the weekend reflecting on the one-year anniversary of the attacks. Many of the original Camp Kotok attendees had escaped from the World Trade Center and surrounding buildings, and lost friends on that fateful day. Those who attended that year decided to go back the following year… and so on.
Now, these weekends in Maine have become a staple for those “in the know” in the financial industry. Please see Sharon Prizant's thoughts on "What is Camp Kotok???" here where she brings her observations through many years of attendance into a thoughtful synopsis: https://www.cumber.com/camp-kotok/what-camp-kotok
A glimpse behind the screen door at Camp Kotok
Posted: Sat September 19, 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.
View the playlist here on YouTube:
Posted: Tue August 25, 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 four days of recreation in the cellular signal-free setting at Leen’s Lodge. Given that so many of the Camp Kotok attendees have served as GIC speakers,…
Posted: Fri January 2, 1970
John Mousseau on Risk in the Fixed Income Market (Podcast)
Bloomberg Masters in Business Podcast – April 11, 2020
Bloomberg Opinion columnist Barry Ritholtz speaks with John R. Mousseau, who is president, chief executive officer and director of fixed income at Cumberland Advisors. Mousseau is also co-author of the book “Adventures in Muniland: A Guide to Municipal Bond Investing in the Post-Crisis Era.”
Running time 40:28
Listen via the…
“CNBC and others began calling Camp Kotok the “Shadow Fed” but it is really just a meeting of wickedly smart people focused on economics and markets.”