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John Mauldin

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John Mauldin is a renowned financial expert, a New York Times best-selling author, and a pioneering online commentator. Each week, over 1 million readers turn to Mauldin for his penetrating view on Wall Street, global markets, and economic history.

Thoughts from the Front Line - All over America, kids who were fortunate enough to go to summer camp are busy telling mom and dad what they did. Their stories will be suspiciously incomplete, but that’s OK. We know they learned something. Well, I went to camp this summer, too. I go every year, and I always learn more than I […]

August 6th, 2017 | Hot Summer Mailbag

Thoughts from the Front Line - Perhaps the best part of being a writer is the chance to interact with readers. I can’t tell you how much I’ve learned from you over the years. Whether it’s through our online comment threads or emails or conversations in the hallway at a conference, nothing pleases me more than to share thoughts with you. […]

Thoughts from the Front Line - “I never liked quantitative easing. Flattening the yield curve is not stimulative; flattening the yield curve is anti-stimulative.” – Ken Fisher “There is a limit to how much the United States Treasury can borrow.” – Alan Greenspan “In other words, we have the models we have because of inertia and theology, but also because all […]

July 23rd, 2017 | Three Black Swans

Thoughts from the Front Line - “The world in which we live has an increasing number of feedback loops, causing events to be the cause of more events (say, people buy a book because other people bought it), thus generating snowballs and arbitrary and unpredictable planet-wide winner-take-all effects.” – Nassim Nicholas Taleb, The Black Swan “What do you do?” is a […]

July 19th, 2017 | Trade War Games

Thoughts from the Front Line - “We’re already in a trade war with China. The problem is we’ve not been fighting back.” – Peter Navarro “The battle for Helm’s Deep is over. The battle for Middle Earth is about to begin.” – Gandalf the White Image: Wikimedia Commons This letter should find you buckled in for the turbulence I described last […]

July 9th, 2017 | Prepare for Turbulence

Thoughts from the Front Line - “The job of the central bank is to worry.” – Alice Rivlin “The central bank needs to be able to make policy without short-term political concerns.” – Ben Bernanke “… from the standpoint of the overall economy, my bottom line is we’re watching it closely but it appears to be contained. – Ben Bernanke, repeatedly, […]

July 2nd, 2017 | The Wedge Goes Deeper

Thoughts from the Front Line - “Nearly all men can stand adversity, but if you want to test a man’s character, give him power.” – Abraham Lincoln “If more of us valued food and cheer and song above hoarded gold, it would be a merrier world.” – J.R.R. Tolkien Photo credit: JJMustang_79 via Flickr PUBLISHER’S NOTE: John Mauldin is off this […]

Thoughts from the Front Line - “A serious writer may be a hawk or a buzzard or even a popinjay, but a solemn writer is always a bloody owl.” – Ernest Hemingway Image: Magalle L’Abbe via Flickr Welcome to the new, improved, faster-to-read, better yet still-free Thoughts from the Frontline. My team and I have been doing a lot of research on what […]

June 18th, 2017 | The Next Minsky Moment

Thoughts from the Front Line - “China’s economy has entered a state of new normal.” – Premier Li Keqiang, 2015 “Success breeds a disregard of the possibility of failure.” – Hyman Minsky Welcome to the new, improved, faster-to-read, better yet still-free Thoughts from the Frontline. My team and I have been doing a lot of research on what my readers want. The reality […]

June 11th, 2017 | What, Me Worry?

Thoughts from the Front Line - “Forget the past. The future will give you plenty to worry about.” – George Allen, Sr. “I try not to worry about the future, so I take each day just one anxiety attack at a time.” – Tom Wilson Welcome to the new, improved, faster-to-read, better yet still-free Thoughts from the Frontline. My team and […]

Thoughts from the Front Line - “I often joke that 100 years from now I hope people are saying, ‘Dang, she looks good for her age!’” – Dolly Parton “Just because you live 20 years or 100 years doesn’t make it less meaningful. They’re both short amounts of time. So all we can do is just live in that time, whatever […]

Thoughts from the Front Line - “Premature optimization is the root of all evil…” – Donald Knuth, from his 1974 Turing Award lecture This is the second of two letters that I think will be among the most important I’ve ever written. These letters set out my philosophy about how we have to invest in the coming days and years. They […]

Thoughts from the Front Line - “A speculator is one who runs risks of which he is aware, and an investor is one who runs risks of which he is unaware.” – John Maynard Keynes “The biggest mistake investors make is to believe that what happened in the recent past is likely to persist. They assume that something that was a […]

Thoughts from the Front Line - Basic economics tells us all resources are scarce, but our demand for them is not. Hence we need methods to allocate the limited supply of each resource. A significant part of economics is the study of those methods. One exception to the rule, though, has developed in the last few years: The amount of information […]

Thoughts from the Front Line - “Being young and having no job remains stubbornly common. Wages for young people fortunate enough to get a job have gone down. Inflation-adjusted wages for young high school graduates were 11 percent higher in 2000 than they were more than a decade later, and inflation-adjusted wages of young college graduates (four years only) have fallen […]

Thoughts from the Front Line - “We of the sinking middle class may sink without further struggles into the working class where we belong, and probably when we get there it will not be so dreadful as we feared; for, after all, we have nothing to lose.” – George Orwell “A strong, educated middle class is what made America the greatest […]

Thoughts from the Front Line - “The ship of democracy, which has weathered all storms, may sink through the mutiny of those on board.” – Grover Cleveland, the 22nd and 24th president of the United States “It is your concern when your neighbor’s wall is on fire.” – Horace “The biggest mistake investors make is to believe that what happened in […]

Thoughts from the Front Line - “Companies are doing everything they can to get rid of pension plans, and they will succeed.” – Ben Stein “Lady Madonna, children at your feet Wonder how you manage to make ends meet Who finds the money when you pay the rent? Did you think that money was heaven sent?” – “Lady Madonna,” The Beatles […]

Thoughts from the Front Line - “To refer to a personal taste of mine, I’m going to buy hamburgers the rest of my life. When hamburgers go down in price, we sing the ‘Hallelujah Chorus’ in the Buffett household. When hamburgers go up in price, we weep. For most people, it’s the same with everything in life they will be buying […]

Thoughts from the Front Line - “The trouble with retirement is you never get a day off.” – Abe Lemons “Retirement at sixty-five is ridiculous. When I was sixty-five I still had pimples.” – George Burns “To be, or not to be, that is the question: Whether ’tis nobler in the mind to suffer The slings and arrows of outrageous fortune, […]

March 28th, 2017 | Men Without Work

Thoughts from the Front Line - I have been promising a review of Nicholas Eberstadt’s very important book, Men Without Work: America’s Invisible Crisis. The book is relatively short at 216 pages, but it is packed with meaty facts and insights. One of the reasons I seldom read an actual physical book anymore is because I can highlight text and make […]

Thoughts from the Front Line - “America was not built on fear. America was built on courage, on imagination and an unbeatable determination to do the job at hand.” – Harry S. Truman “Unemployment is a weapon of mass destruction.” – Dennis Kucinich “Ever since 2000, basic indicators have offered oddly inconsistent readings on America’s economic performance and prospects. It is […]

Thoughts from the Front Line - “A tax loophole is something that benefits the other guy. If it benefits you, it is tax reform” – Russell B. Long “Corporate tax reform is nice in theory but tough in practice.” – Andrew Ross Sorkin “I hold it that a little rebellion, now and then, is a good thing, and as necessary in […]

Thoughts from the Front Line - “The values to which people cling most stubbornly under inappropriate conditions are those values that were previously the source of their greatest triumphs over adversity.” – Jared Diamond, Collapse, 2005 Tax reform means, “Don’t tax you, don’t tax me. Tax that fellow behind the tree.” – Russell B. Long, Democratic Senator from Louisiana, longtime chairman […]

Thoughts from the Front Line - “We have a system that increasingly taxes work and subsidizes nonwork.” – Milton Friedman “You must be the change you wish to see in the world.” – Mahatma Gandhi “Real change requires real change.” – Former Speaker of the House Newt Gingrich Today we come to part 3 of my tax reform series. So far, […]
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