Dear Reader, When you question the orthodoxy, you get pushback and, sometimes, outright scorn. And yet, as the masochists that we are, questioning orthodoxy is our prime directive here at Fat Tail Investment Research. To that end, Vern Gowdie remains our spearhead of contrarianism. His disillusionment with investment orthodoxy dates back to the dotcom crash. Shares go up in the long run? True. But there are periods in that 150-year-long run that can kill you dead. Especially if you happen to be at or near retirement when the hammer falls. On 22 October 2021, Vern released a definitive warning that we are entering such a period. In the months since, all four of his key indicators have moved exactly as he predicted. In fact… Your portfolio today could now be looking a good deal better if you’d taken his advice last October. Despite that…we are starting a new year with the same sentiment glued in place. Stocks will never fall in a wealth-killing kind of way. The Fed will always save the day. Cryptos are free money. Cash is trash. All that may well stay in place in 2022…and beyond. But are you willing to bet your life savings on that? Vern’s charting of the beginning of the end of this everything bull market is looking eerily prescient so far. It would behoove you to at least look at what he sees happening next. And how he’s preparing his own portfolio. To do so, click here. Regards, James Woodburn, Publisher, Fat Tail Investment Research |