The Philosophical Investor's Blog

Bond Market Skepticism & Emerging Market Carnage

I couldn’t stay away from interest rates for too long. Last week was very fascinating. There was a lot of news that should have been quite bearish for long-term bonds but instead, yields moved down by about 5 basis points for the week for the 10-year Treasury note.

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Hello Darkness My Old Friend

suicide Anthony Bourdain

For this week I was originally going to continue my analysis of interest-rate cycles since last week, I looked at increasing interest rate cycles and I was intending to look at decreasing cycles this week. In light of the widely reported and fairly startling suicide of Kate Spade and now Anthony Bourdain,

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Quantum Phases & Locking Rate

Quantum Phases

The last few weeks have been a good representation as to why I have an aversion to fixed-rate loans when doing a refinance or an acquisition. Assuming fixed rate loans from sellers when acquiring properties, however, is a different story and worthy of its own write up so I won’t address the distinctions here.

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10-year Treasury Note & Argentina’s 40% Interest Rate – An Interesting Week

10-year Treasury note

What a difference one week makes. Last week I was concerned that the 10-year Treasury note yield had breached its previous cycle peak. I used some questionable, but fancy statistical analysis to justify that the peak I should really be worried about was 3.16% versus the previous cycle peak of 3.04%.

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So Much for That? Is The Floating Rate Still a Winning Bet?

So much for that-Bond Market Carnage

This is what I wrote in my blog of May 7th:

So up until this point having bet on floating rate has been a winning bet. The question now is whether it will be going forward. Before answering that,

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Growth and Stability – Apartments Will Never Be Obsolete!

CWS Apartment Communities - Growth

Last week we held our annual investor meeting and we had a record attendance of nearly 600 people (including employees). I told the audience that if we can grow our attendance by 7% every year that by the time we have our 100th annual meeting (this was year 49) then we should have over 11,000 in attendance.

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The Omniscient Yield Curve: My Belief in Variable Rate Loans

Omniscient Yield Curve

The future is clearly unknowable other than the certainty of our demise. All we can do is to utilize our knowledge and experience to assess when we think the odds are in our favor or against us and take action accordingly. Everything comes down to risk and reward,

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Ethical Leadership & Human Capital in Singapore

Singapore Ethical Leadership

This is my final installment about Lee Kuan Yew. There is still a lot I haven’t touched upon but three weeks have been a sufficient amount of time to devote to some of the most important lessons learned from Lee.

Ethical Leadership

One of CWS’ core values is “Ethical dealings are paramount.” It’s not only the right way to act but it’s also good business.

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Singapore: It Wasn’t Easy Becoming Green

Singapore Going Green

Warren Buffett has said that people should read 500 pages a day if they want to compound knowledge at a very high rate. Along the same lines, Bill Gates reads at least one book a week to help satisfy his immense curiosity.

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The Discipline of Lee Kuan Yew – Transforming Wealth Into Well Being

Lee Kuan Yew

On my recent trip, I visited 10 countries in Africa and Asia. My last destination was Singapore. I had been there in 1999 and remember how impressed I was with the city-state then and departed this time even more so. Singapore became an independent state after being kicked out of the Malaysian Federation in 1965.

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