Donald Luskin
Encyclopedia
Donald Luskin is Chief Investment Officer for Trend Macrolytics LLC
, a consulting
firm providing investment strategy
and macroeconomics
forecasting and research for institutional investors.
Luskin is a contributing editor and columnist both for National Review Online (NRO) and SmartMoney.com. His columns touch on investing, economic and political matters. Luskin is a frequent guest on Larry Kudlow's CNBC
television show, Kudlow & Company
. He has published two books, Index Options and Futures: The Complete Guide and Portfolio Insurance: A Guide to Dynamic Hedging. He also writes a blog
, "The Conspiracy to Keep You Poor and Stupid," based on the title of his as-yet unpublished book
. The blog's tagline is: "How big government, big business, big media and big academia block your road to financial freedom—and tell you it's for your own good." Luskin is a self-avowed libertarian, and his blog links to other financial and political blogs espousing similar beliefs. He formerly was a columnist for TheStreet.com
and Business 2.0
magazine. His writings have appeared in the Wall Street Journal, the Washington Post, the Journal of Portofolio Management, the Harvard Business Review
, and other publications.
After college, Luskin worked for several years as a creative consultant to Los Angeles companies such as Mattel
and Teledyne
, and motion picture studios Warner Brothers and LucasFilm
. He and two colleagues developed a series of all-night treasure-hunts
, one of which was adapted into the Walt Disney
motion picture Midnight Madness.
Luskin's investment career began in 1979, when he started a hedge fund while an options
market maker
on the Pacific Stock Exchange. As his fund grew and evolved, he became a market maker on the Chicago Board Options Exchange
(where he helped pioneer index options trading, executing the very first OEX contract) and the New York Stock Exchange
, where he traded the first option contract in the NYSE's history.
In 1984 Luskin joined Jefferies & Co.
, a brokerage firm. There as senior vice president, he invented POSIT, a crossing network
enabling institutional investors to exchange entire portfolios
with each other. POSIT was later spun out of Jefferies as a separate publicly traded company, Investment Technology Group
.
In 1987 Luskin joined Wells Fargo Investment Advisors, a division of Wells Fargo Bank, as senior vice president in charge of investment management and trading. He became vice chairman when the firm merged with Nikko Securities in 1989, becoming Wells Fargo Nikko Investment Advisors. When the firm was acquired by Barclays Bank in 1995 and became Barclays Global Investors, Luskin became chief executive officer of the firm's global business in mutual fund
s. Over Luskin's eleven years with the firm, assets under management grew from $69 billion to over $500 billion. Luskin was responsible for numerous innovations in index fund
s and quantitative investing
-- including the development domestic and international quant-active funds, every one of which outperformed its benchmark over Luskin's tenure—and the creation of the first sector ETFs. Luskin created the LifePath family of mutual funds, for which he is the named inventor on a US patent.
In August 1999, during the tech bubble
, Luskin and partner Dave Nadig started the MetaMarkets Open Fund, the first mutual fund to publish trades and list its holdings in real-time via its website. This "transparency" and "openness," Luskin and Nadig said, was a step forward in the financial world, equivalent to the political revolutions and international democratic transformations of the 1990s, because it leveled the playing field for the average investor and overthrew "financial elites." MetaMarkets.com, the venture-backed company that Luskin and Nadig founded to operate OpenFund, was hailed by Fortune magazine as one of the "coolest companies" in America in 2000. Their model was dismissed by some analysts as being a "gimmick," having nothing to do with investing per se: "They brought chat boards to life in a mutual fund." At its peak, OpenFund received $45 million in investments, and the fund's biggest positions included companies like JDS Uniphase
and Extreme Networks
. At the end of 1999, OpenFund was among a handful of the best-performing mutual funds in America. After the market top in March 2000, the valuations of technology companies collapsed and many OpenFund investors redeemed their shares. The fund was shut down in the summer of 2001, after losing much of its investors' money. Published reports note that the open fund lost over half its value.
s, pundits
and the media
. He has a particular animosity towards the New York Times, especially columnist and Nobel laureate Paul Krugman
, whose economic pronouncements he has endeavored to debunk. Luskin is de facto leader of what he calls the "Krugman Truth Squad," an ad hoc group of bloggers who are dedicated to detailing and rebutting what they consider Krugman's lies and distortions.
According to Daniel Okrent
, former Public Editor of the Times, "Luskin serves as Javert
to Krugman's Jean Valjean
. From a perch on National Review Online, he regularly assaults Krugman's logic, his politics, his economic theories, his character and his accuracy." Luskin claims that his work has resulted in corrections from Krugman and "the imposition of a new and more rigorous corrections policy for the entire Times editorial page."
Krugman has occasionally responded directly to Luskin's criticisms. In one instance Luskin accused Krugman of making an arithmetical error in his appraisal of the costs and effects of the 2003 tax cuts. Krugman responded with a series of postings on his website. In one such posting, apparently referring to the persistence of Luskin's criticisms, Krugman humorously referred to Luskin as his "stalker
-in-chief". Later, after Luskin appeared at a Krugman book signing, Krugman said of Luskin on the Fox News television program Hannity and Colmes, "That's a guy, that's a guy who actually stalks me on the web, and once stalked me personally". The animosity between Luskin and Krugman became so intense it became the subject of a story in The New Yorker
with extensive remarks from both men. Krugman's characterization of Luskin as a stalker was repeated by blogger Atrios (Duncan Black
) prompting a threat of legal action from lawyers representing Luskin.
, he predicted a new bull market in gold
and gold stocks, for which he drew intense criticism from fellow columnists including Jim Cramer. Shortly thereafter, Luskin's escalating public dispute with Cramer led to his resignation from theStreet.com via real-time postings on the site's discussion boards that became a cause célèbre on the web. Since his prediction, the price of gold in dollars has gone up seven-fold.
Luskin's predictions were controversial again in 2008 when, in a September Washington Post editorial, he cited evidence of what he claimed were factual errors made by Barack Obama
and members of his presidential campaign concerning the state of the economy. Luskin claimed that the market was healthy, and Obama was simply using the state of the economy to discredit John McCain. However, the following day, Lehman Brothers
filed for the biggest bankruptcy in US history
and two days later, on September 16, stock markets imploded, thus discrediting every prediction he made in his editorial. Additionally, in the same editorial, he cited evidence that the economy was weak, but not in recession. He wrote, "…anyone who says we’re in a recession, or heading into one—especially the worst one since the Great Depression—is making up his own private definition of recession." Shortly afterward, following the sudden collapse of Lehman and several other large financial firms, the economy sharply worsened, and was subsequently declared to have been in recession all year by the National Bureau of Economic Research
. Foreign Policy
included Luskin's prediction in its list of "The 10 Worst Predictions for 2008" on its website and noted that it gave additional opportunities for liberal bloggers to criticize Luskin. The editors of The Yale Book of Quotations
also made note of the inopportune timing of Luskin's editorial and included his prediction in their list of "Top ten quotes of 2008". He has been singled out for "some of the worst, money losing commentary of the past few years."
He has been frequently referred to by Brad DeLong as "the Stupidest Man Alive" for, among other things, his continued support for literal interpretations of the Laffer Curve
.
Limited liability company
A limited liability company is a flexible form of enterprise that blends elements of partnership and corporate structures. It is a legal form of company that provides limited liability to its owners in the vast majority of United States jurisdictions...
, a consulting
Consultant
A consultant is a professional who provides professional or expert advice in a particular area such as management, accountancy, the environment, entertainment, technology, law , human resources, marketing, emergency management, food production, medicine, finance, life management, economics, public...
firm providing investment strategy
Investment strategy
In finance, an investment strategy is a set of rules, behaviors or procedures, designed to guide an investor's selection of an investment portfolio...
and macroeconomics
Macroeconomics
Macroeconomics is a branch of economics dealing with the performance, structure, behavior, and decision-making of the whole economy. This includes a national, regional, or global economy...
forecasting and research for institutional investors.
Luskin is a contributing editor and columnist both for National Review Online (NRO) and SmartMoney.com. His columns touch on investing, economic and political matters. Luskin is a frequent guest on Larry Kudlow's CNBC
CNBC
CNBC is a satellite and cable television business news channel in the U.S., owned and operated by NBCUniversal. The network and its international spinoffs cover business headlines and provide live coverage of financial markets. The combined reach of CNBC and its siblings is 390 million viewers...
television show, Kudlow & Company
Kudlow & Company
The Kudlow Report is a news television program about business and politics hosted by Lawrence Kudlow, that airs on the CNBC television channel at 7pm ET. The show began airing on January 26, 2009. It is a successor to Kudlow & Company, which aired from 2005 until October 2008...
. He has published two books, Index Options and Futures: The Complete Guide and Portfolio Insurance: A Guide to Dynamic Hedging. He also writes a blog
Blog
A blog is a type of website or part of a website supposed to be updated with new content from time to time. Blogs are usually maintained by an individual with regular entries of commentary, descriptions of events, or other material such as graphics or video. Entries are commonly displayed in...
, "The Conspiracy to Keep You Poor and Stupid," based on the title of his as-yet unpublished book
Book
A book is a set or collection of written, printed, illustrated, or blank sheets, made of hot lava, paper, parchment, or other materials, usually fastened together to hinge at one side. A single sheet within a book is called a leaf or leaflet, and each side of a leaf is called a page...
. The blog's tagline is: "How big government, big business, big media and big academia block your road to financial freedom—and tell you it's for your own good." Luskin is a self-avowed libertarian, and his blog links to other financial and political blogs espousing similar beliefs. He formerly was a columnist for TheStreet.com
TheStreet.com
-History:TheStreet.com, Inc., was co-founded in 1996 by Jim Cramer and Martin Peretz. It is traded on the NASDAQ Global Market. The company is headquartered at 14 Wall Street in New York City. Its stock was made public in May 1999 under the direction of past Chairman and Chief Executive Officer...
and Business 2.0
Business 2.0
Business 2.0 was a monthly magazine publication founded by magazine entrepreneur Chris Anderson, Mark Gross, and journalist James Daly in order to chronicle the rise of the "New Economy"...
magazine. His writings have appeared in the Wall Street Journal, the Washington Post, the Journal of Portofolio Management, the Harvard Business Review
Harvard Business Review
Harvard Business Review is a general management magazine published since 1922 by Harvard Business School Publishing, owned by the Harvard Business School. A monthly research-based magazine written for business practitioners, it claims a high ranking business readership among academics, executives,...
, and other publications.
Biography and achievements
On his blog, Luskin states he "attended Yale in 1973-1974; dropped out to rejoin the real world as soon as possible."After college, Luskin worked for several years as a creative consultant to Los Angeles companies such as Mattel
Mattel
Mattel, Inc. is the world's largest toy company based on revenue. The products it produces include Fisher Price, Barbie dolls, Hot Wheels and Matchbox toys, Masters of the Universe, American Girl dolls, board games, and, in the early 1980s, video game consoles. The company's name is derived from...
and Teledyne
Teledyne
Teledyne Technologies Incorporated is an industrial conglomerate primarily based in the United States but with global operations. It was founded in 1960, as Teledyne, Inc., by Henry Singleton and George Kozmetsky....
, and motion picture studios Warner Brothers and LucasFilm
Lucasfilm
Lucasfilm Limited is an American film production company founded by George Lucas in 1971, based in San Francisco, California. Lucas is the company's current chairman and CEO, and Micheline Chau is the president and COO....
. He and two colleagues developed a series of all-night treasure-hunts
The Game (treasure hunt)
The Game is a non-stop 24–48 hour treasure hunt, puzzlehunt or road rally that has run in the San Francisco Bay and Seattle areas since 1973. Its teams use vans rigged with power and Internet access and drive hundreds of miles from puzzle site to puzzle site, overcoming often outrageous physical...
, one of which was adapted into the Walt Disney
Walt Disney
Walter Elias "Walt" Disney was an American film producer, director, screenwriter, voice actor, animator, entrepreneur, entertainer, international icon, and philanthropist, well-known for his influence in the field of entertainment during the 20th century. Along with his brother Roy O...
motion picture Midnight Madness.
Luskin's investment career began in 1979, when he started a hedge fund while an options
Option (finance)
In finance, an option is a derivative financial instrument that specifies a contract between two parties for a future transaction on an asset at a reference price. The buyer of the option gains the right, but not the obligation, to engage in that transaction, while the seller incurs the...
market maker
Market maker
A market maker is a company, or an individual, that quotes both a buy and a sell price in a financial instrument or commodity held in inventory, hoping to make a profit on the bid-offer spread, or turn. From a market microstructure theory standpoint, market makers are net sellers of an option to be...
on the Pacific Stock Exchange. As his fund grew and evolved, he became a market maker on the Chicago Board Options Exchange
Chicago Board Options Exchange
The Chicago Board Options Exchange , located at 400 South LaSalle Street in Chicago, is the largest U.S. options exchange with annual trading volume that hovered around one billion contracts at the end of 2007...
(where he helped pioneer index options trading, executing the very first OEX contract) and the New York Stock Exchange
New York Stock Exchange
The New York Stock Exchange is a stock exchange located at 11 Wall Street in Lower Manhattan, New York City, USA. It is by far the world's largest stock exchange by market capitalization of its listed companies at 13.39 trillion as of Dec 2010...
, where he traded the first option contract in the NYSE's history.
In 1984 Luskin joined Jefferies & Co.
Jefferies & Co.
Jefferies & Company, Inc., the principal operating subsidiary of Jefferies Group, Inc. is a global investment bank and institutional securities firm...
, a brokerage firm. There as senior vice president, he invented POSIT, a crossing network
Crossing network
A crossing network is an ATS that matches buy and sell orders electronically for execution without first routing the order to an exchange or other displayed market, such as an ECN , which displays a public quote...
enabling institutional investors to exchange entire portfolios
Portfolio (finance)
Portfolio is a financial term denoting a collection of investments held by an investment company, hedge fund, financial institution or individual.-Definition:The term portfolio refers to any collection of financial assets such as stocks, bonds and cash...
with each other. POSIT was later spun out of Jefferies as a separate publicly traded company, Investment Technology Group
Investment Technology Group
Investment Technology Group, Inc. is a United States-based multinational agency brokerage and financial markets technology firm aimed at a hedge fund and asset management clientele. One of the first suppliers of electronic trading services, ITG launched the industry’s second anonymous electronic...
.
In 1987 Luskin joined Wells Fargo Investment Advisors, a division of Wells Fargo Bank, as senior vice president in charge of investment management and trading. He became vice chairman when the firm merged with Nikko Securities in 1989, becoming Wells Fargo Nikko Investment Advisors. When the firm was acquired by Barclays Bank in 1995 and became Barclays Global Investors, Luskin became chief executive officer of the firm's global business in mutual fund
Mutual fund
A mutual fund is a professionally managed type of collective investment scheme that pools money from many investors to buy stocks, bonds, short-term money market instruments, and/or other securities.- Overview :...
s. Over Luskin's eleven years with the firm, assets under management grew from $69 billion to over $500 billion. Luskin was responsible for numerous innovations in index fund
Index fund
An index fund or index tracker is a collective investment scheme that aims to replicate the movements of an index of a specific financial market, or a set of rules of ownership that are held constant, regardless of market conditions.-Tracking:Tracking can be achieved by trying to hold all of the...
s and quantitative investing
Quantitative investing
Quantitative investing represents an investing technique typically employed by the most sophisticated, technically advanced hedge funds. These quant shops employ fast computers to find predictable patterns within financial data. Some of the larger quant shops include but are not limited to...
-- including the development domestic and international quant-active funds, every one of which outperformed its benchmark over Luskin's tenure—and the creation of the first sector ETFs. Luskin created the LifePath family of mutual funds, for which he is the named inventor on a US patent.
In August 1999, during the tech bubble
Dot-com bubble
The dot-com bubble was a speculative bubble covering roughly 1995–2000 during which stock markets in industrialized nations saw their equity value rise rapidly from growth in the more...
, Luskin and partner Dave Nadig started the MetaMarkets Open Fund, the first mutual fund to publish trades and list its holdings in real-time via its website. This "transparency" and "openness," Luskin and Nadig said, was a step forward in the financial world, equivalent to the political revolutions and international democratic transformations of the 1990s, because it leveled the playing field for the average investor and overthrew "financial elites." MetaMarkets.com, the venture-backed company that Luskin and Nadig founded to operate OpenFund, was hailed by Fortune magazine as one of the "coolest companies" in America in 2000. Their model was dismissed by some analysts as being a "gimmick," having nothing to do with investing per se: "They brought chat boards to life in a mutual fund." At its peak, OpenFund received $45 million in investments, and the fund's biggest positions included companies like JDS Uniphase
JDS Uniphase
JDS Uniphase is a company that designs and manufactures products for optical communications networks, communications test and measurement equipment, lasers, optical solutions for authentication and decorative applications, and other custom optics. It is headquartered in Milpitas, California in the...
and Extreme Networks
Extreme Networks
Extreme Networks, founded in 1996, is a publicly listed company that designs, builds, and installs Ethernet network solutions for enterprise and Carrier Class networks.-Corporate History:Extreme Networks is located in Santa Clara, California...
. At the end of 1999, OpenFund was among a handful of the best-performing mutual funds in America. After the market top in March 2000, the valuations of technology companies collapsed and many OpenFund investors redeemed their shares. The fund was shut down in the summer of 2001, after losing much of its investors' money. Published reports note that the open fund lost over half its value.
Conflicts with Paul Krugman
As a public intellectual, Luskin has been controversial. Much of his blog and many of his NRO columns are devoted to arguments that economic facts, figures, and trends are distorted by politicianPolitician
A politician, political leader, or political figure is an individual who is involved in influencing public policy and decision making...
s, pundits
Pundit (politics)
A pundit is someone who offers to mass media his or her opinion or commentary on a particular subject area on which they are knowledgeable. The term has been increasingly applied to popular media personalities...
and the media
Mass media
Mass media refers collectively to all media technologies which are intended to reach a large audience via mass communication. Broadcast media transmit their information electronically and comprise of television, film and radio, movies, CDs, DVDs and some other gadgets like cameras or video consoles...
. He has a particular animosity towards the New York Times, especially columnist and Nobel laureate Paul Krugman
Paul Krugman
Paul Robin Krugman is an American economist, professor of Economics and International Affairs at the Woodrow Wilson School of Public and International Affairs at Princeton University, Centenary Professor at the London School of Economics, and an op-ed columnist for The New York Times...
, whose economic pronouncements he has endeavored to debunk. Luskin is de facto leader of what he calls the "Krugman Truth Squad," an ad hoc group of bloggers who are dedicated to detailing and rebutting what they consider Krugman's lies and distortions.
According to Daniel Okrent
Daniel Okrent
Daniel Okrent is an American writer and editor. He is best known for having served as the first public editor of The New York Times newspaper, for inventing Rotisserie League Baseball, and for writing several books, most recently Last Call: The Rise and Fall of Prohibition.-Education and...
, former Public Editor of the Times, "Luskin serves as Javert
Javert
Javert is a fictional character from the novel Les Misérables by Victor Hugo. He is a prison guard, and later policeman, who devotes his life to the law. He is always referred to just simply as "Javert" or "Inspector Javert" by the narrator and other characters throughout the novel; his first name...
to Krugman's Jean Valjean
Jean Valjean
Jean Valjean is the protagonist of Victor Hugo's 1862 novel Les Misérables...
. From a perch on National Review Online, he regularly assaults Krugman's logic, his politics, his economic theories, his character and his accuracy." Luskin claims that his work has resulted in corrections from Krugman and "the imposition of a new and more rigorous corrections policy for the entire Times editorial page."
Krugman has occasionally responded directly to Luskin's criticisms. In one instance Luskin accused Krugman of making an arithmetical error in his appraisal of the costs and effects of the 2003 tax cuts. Krugman responded with a series of postings on his website. In one such posting, apparently referring to the persistence of Luskin's criticisms, Krugman humorously referred to Luskin as his "stalker
Stalking
Stalking is a term commonly used to refer to unwanted and obsessive attention by an individual or group to another person. Stalking behaviors are related to harassment and intimidation and may include following the victim in person and/or monitoring them via the internet...
-in-chief". Later, after Luskin appeared at a Krugman book signing, Krugman said of Luskin on the Fox News television program Hannity and Colmes, "That's a guy, that's a guy who actually stalks me on the web, and once stalked me personally". The animosity between Luskin and Krugman became so intense it became the subject of a story in The New Yorker
The New Yorker
The New Yorker is an American magazine of reportage, commentary, criticism, essays, fiction, satire, cartoons and poetry published by Condé Nast...
with extensive remarks from both men. Krugman's characterization of Luskin as a stalker was repeated by blogger Atrios (Duncan Black
Atrios
Duncan Bowen Black , better known by his pseudonym Atrios , is an American liberal blogger living in Philadelphia. His weblog Eschaton is one of the most popular political weblogs, receiving an average of over 100,000 hits every day...
) prompting a threat of legal action from lawyers representing Luskin.
Predictions
Over the years, some of his predictions have been controversial. In May 2001, when he was a columnist for the financial website theStreet.comTheStreet.com
-History:TheStreet.com, Inc., was co-founded in 1996 by Jim Cramer and Martin Peretz. It is traded on the NASDAQ Global Market. The company is headquartered at 14 Wall Street in New York City. Its stock was made public in May 1999 under the direction of past Chairman and Chief Executive Officer...
, he predicted a new bull market in gold
Gold
Gold is a chemical element with the symbol Au and an atomic number of 79. Gold is a dense, soft, shiny, malleable and ductile metal. Pure gold has a bright yellow color and luster traditionally considered attractive, which it maintains without oxidizing in air or water. Chemically, gold is a...
and gold stocks, for which he drew intense criticism from fellow columnists including Jim Cramer. Shortly thereafter, Luskin's escalating public dispute with Cramer led to his resignation from theStreet.com via real-time postings on the site's discussion boards that became a cause célèbre on the web. Since his prediction, the price of gold in dollars has gone up seven-fold.
Luskin's predictions were controversial again in 2008 when, in a September Washington Post editorial, he cited evidence of what he claimed were factual errors made by Barack Obama
Barack Obama
Barack Hussein Obama II is the 44th and current President of the United States. He is the first African American to hold the office. Obama previously served as a United States Senator from Illinois, from January 2005 until he resigned following his victory in the 2008 presidential election.Born in...
and members of his presidential campaign concerning the state of the economy. Luskin claimed that the market was healthy, and Obama was simply using the state of the economy to discredit John McCain. However, the following day, Lehman Brothers
Lehman Brothers
Lehman Brothers Holdings Inc. was a global financial services firm. Before declaring bankruptcy in 2008, Lehman was the fourth largest investment bank in the USA , doing business in investment banking, equity and fixed-income sales and trading Lehman Brothers Holdings Inc. (former NYSE ticker...
filed for the biggest bankruptcy in US history
Bankruptcy of Lehman Brothers
Lehman Brothers filed for Chapter 11 bankruptcy protection on September 15, 2008. The bankruptcy of Lehman Brothers remains the largest bankruptcy filing in U.S...
and two days later, on September 16, stock markets imploded, thus discrediting every prediction he made in his editorial. Additionally, in the same editorial, he cited evidence that the economy was weak, but not in recession. He wrote, "…anyone who says we’re in a recession, or heading into one—especially the worst one since the Great Depression—is making up his own private definition of recession." Shortly afterward, following the sudden collapse of Lehman and several other large financial firms, the economy sharply worsened, and was subsequently declared to have been in recession all year by the National Bureau of Economic Research
National Bureau of Economic Research
The National Bureau of Economic Research is an American private nonprofit research organization "committed to undertaking and disseminating unbiased economic research among public policymakers, business professionals, and the academic community." The NBER is well known for providing start and end...
. Foreign Policy
Foreign Policy
Foreign Policy is a bimonthly American magazine founded in 1970 by Samuel P. Huntington and Warren Demian Manshel.Originally, the magazine was a quarterly...
included Luskin's prediction in its list of "The 10 Worst Predictions for 2008" on its website and noted that it gave additional opportunities for liberal bloggers to criticize Luskin. The editors of The Yale Book of Quotations
The Yale Book of Quotations
The Yale Book of Quotations is a quotations collection that focuses on modern and American quotations and claims a high level of scholarship and reliability. Edited by Fred R. Shapiro, it was published by Yale University Press in 2006 with a foreword by Joseph Epstein, ISBN 978-0-300-10798-2...
also made note of the inopportune timing of Luskin's editorial and included his prediction in their list of "Top ten quotes of 2008". He has been singled out for "some of the worst, money losing commentary of the past few years."
He has been frequently referred to by Brad DeLong as "the Stupidest Man Alive" for, among other things, his continued support for literal interpretations of the Laffer Curve
Laffer curve
In economics, the Laffer curve is a theoretical representation of the relationship between government revenue raised by taxation and all possible rates of taxation. It is used to illustrate the concept of taxable income elasticity . The curve is constructed by thought experiment...
.
External links
- Trend Macrolytics LLC - Luskin's corporate site
- Trend Macrolytics LLC -- Principals - Luskin's official biography
- The Conspiracy to Keep You Poor and Stupid - Luskin's blog
- National Review Online - column archive
- SmartMoney.com - column archive
- ClosedFund: Seeking Buyer, MetaMarkets Shuts Down Funds