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: Tue May 31, 2022
Camp Kotok Alumni News - Excerpted below, Perth Tolle was featured in the June/July 2022 issue of Forbes Magazine...Beat The Market By Investing In Freedom – And Shunning Places Like Russia And China
Tolle originally intended to go to law school, but after her year in Hong Kong she began working as a financial advisor for Fidelity, first in Los Angeles and then in Houston. She had clients from Russia, Iran and Saudi Arabia who told her they wanted to avoid investing in…
Posted: Fri October 29, 2021
Camp Kotok 2021 – COVID Panel Discussion Video & Transcript
At the first session of Camp Kotok held during August of 2021, we had a COVID (COVID-19) Panel Discussion that included how the Delta variant differs from the original Alpha strain of COVID-19, how it binds to cells and replicates itself, what we know, what we may never know, and how the CDC Foundation is filling a critical function of public-private partnerships and philanthropy to improve the state of our public health system…
Posted: Sun August 9, 2020
Camp Kotok: Maine Woods, Economists & Wine
August 6, 2020 8:30am by Barry Ritholtz
Talking Rates in the Maine Woods With Economists Over Good Wine "Taking place right before the Jackson Hole Economic Symposium, the gathering is a chance for money managers, traders, and economists to discuss crucial issues without restraint." Bloomberg Businessweek, August 27, 2019
Barry Ritholtz Note: This is the week I would normally be in Maine for Camp Kotok. Due to the pandemic…
Posted: Sun April 12, 2020
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…
Posted: Sat September 14, 2019
We wrapped up our Labor Day Camp Kotok with a round of excellent on-the-record discussions that we're happy to share with you here.
David Kotok and Charles Plosser at Camp Kotok: The Challenges Facing Central Banks David Kotok and Christopher Whalen at Camp Kotok: Capital Markets, Debt and Deflation David Kotok and Doug Duncan at Camp Kotok: Real Income Growth, Interest Rates and Housing
See more interviews and content at Cumberland Advisors' YouTube Channel: https…
Posted: Mon September 9, 2019
The 50-person gathering at Leen’s Lodge encompassed diverse political views, financial and economic specialties, and asset class focused from cannabis to currency trading, real estate to debt of all types, stock markets and ETFs, derivatives and futures, and more. Over $1 trillion in managed assets were represented as we gathered for each informal meal. No lectern, no PowerPoint. The China Panel is public and in the public domain. The press and public are free to use the video footage and…
Posted: Fri August 30, 2019
“Camp Kotok,” is a gathering of prominent economists, wealth managers, traders, heads of research, pundits, financial luminaries and a few journalists that meet each year in a remote part of Maine. Held for a long weekend in the summer, we fish and engage in vigorous debates running the gamut from market valuations and the rise of exchange-traded funds to Federal Reserve policy, virtual currencies, and health care.
This unique opportunity to network and converse under Chatham…
Posted: Thu August 22, 2019
Katie Darden, Financial Institutions Research Director at S&P Global Market Intelligence, joined us at Camp Kotok and then published this excellent summary of our discussions: “At Camp Kotok, fears over China and 'magic money tree' overshadow Fed policy,” https://platform.mi.spglobal.com/web/client?auth=inherit#news/article?id=53593818&cdid=A-53593818-12580 .
Then Katie joined her bank analyst colleague Nathan Stovall, who authors StreetTalk, a monthly column and blog…
Posted: Sun August 18, 2019
The Cumberland Advisors Week in Review is a recap of news, commentary, and opinion from our team. These are not revised assessments, and circumstances may have changed in the market from the time of original publication. We also include older commentaries that our editors have determined may be of interest to our audience. Your feedback is always welcome.MATT MCALEER'S WEEKLY RECAP
This week, we talk about:
-Whip in the Market -Where the NASDAQ & DOW are -Fixed Income…
Posted: Fri August 16, 2019
The 50-person gathering at Leen’s Lodge encompassed diverse political views, financial and economic specialties, and asset class focused from cannabis to currency trading, real estate to debt of all types, stock markets and ETFs, derivatives and futures, and more. Over $1 trillion in managed assets were represented as we gathered for each informal meal. No lectern, no PowerPoint. The China Panel and the MMT panel are public and in the social media domain and the press and public are free to…