| Dear Reader, In a recent Thoughts from the Frontline issue, I noted that “Neil Howe, George Friedman, Peter Turchin, (and may I humbly include myself), all point to the 2020s as a stressful, tumultuous period. But we also expect a period of calm afterward, a sense of unity not unlike the post-World War II years.” 2020 has been a great year for the stock market, but most of us have also experienced it as a period of high anxiety. What will happen in 2021? As you know, I don’t have any crystal balls in my possession. Besides, we’ve all seen that black swans are all too real. What I do know is that there is strength in numbers—and specifically in being part of a unique group of financial and economic experts and astute investors. If anyone can weather any economic storms unscathed, I would put my money on our Alpha Society members, hands down. Not just because most of them have an exceptionally good head on their shoulders, but also because they have access to a lifetime of guidance from some of the finest investment experts in the field. As an Alpha Society member, you are privy to all of our research services—month after month, year after year. You can even bequeath your membership to your children or grandchildren. You’ll hear from former Wall Street trader and head of ETF Trading at Lehman Brothers, Jared Dillian, about ETFs and contrarian plays. You’ll be informed by Mauldin Chief Analyst Robert Ross about income-producing investments and dividend-paying stocks coupled with simple, income-generating options strategies. You’ll get Chris Wood’s diligent research on healthcare stocks, and his and co-editor Jake Weber’s take on the booming biotech sector. And of course, you’ll get the most excellent macro research from our Over My Shoulder contributors, served to you several times a week by Patrick Watson and myself. All these services combined are worth a substantial $7,961 per year. But being an Alpha Society member is not like a yearly subscription. You will receive these publications for as long as they are published... at no extra cost other than the one-time initiation fee and a small annual maintenance fee starting in the second year of your membership. Our team of experts will be with you all the way, in good times and bad, bull or bear markets. I know, that sounds a little like a wedding vow, but frankly, it’s not all that different. We’re committed to sticking it out with you through thick and thin, and we promise to give it our best effort to keep you happy and safe. I encourage you to take the next step and become an Alpha Society member today. Let’s face the future together, no matter what it looks like. That’s what I call true strength. Your always looking at the bright side analyst, John Mauldin
Co-Founder, Mauldin Economics | 