I know this may shock some people, but I have to admit that it’s not always obvious what I should write about each week and there are even some weeks where the motivation to do so is less than what it should be. I’m human,
…
The Philosophical Investor's Blog
Tennis May Have Saved My Life
by 
Gary Carmell
Gary Carmell
Over the past year or so I’ve been writing a lot about tennis and how it has taken on greater importance as it has enriched my life in many areas. It has improved my health, particularly my endurance, it’s been a catalyst for creating new relationships,
…
The Fed's New Inaction Function
by Gary Carmell
Gary Carmell
Federal Reserve Chairman Jay Powell officially altered the Fed’s reaction function during his virtual speech given for the annual Jackson Hole conference. More accurately he articulated its inaction function. Rather than being trigger happy to tighten monetary policy and raise interest rates as inflation reaches 2%,
…
So Now What Are You Going To Do?
by Gary Carmell
Gary Carmell
Last week I talked about the importance of changing with success and not getting too comfortable with what’s been working as it can lull an individual or organization into a complacent state. This inertia often leads to playing not to lose by shying away from taking risks,
…
Change With Success...And a Potpourri of Topics
by Gary Carmell
Gary Carmell
There is a reason behind the reason for this blog which will be revealed at the end. I will use a sleight of hand to talk about the importance of not resting on one’s laurels and using a growth mindset to keep changing even in the face of great success.
…
The Enemy of My Enemy Is my Friend
by Gary Carmell
Gary Carmell
Last week I discussed the horrific explosion in Beirut. This week I’m staying in the Middle East and will focus on the big news that Israel and the United Arab Emirates have agreed to establish formal diplomatic relations. And while there were many indications over the last couple of years that the two countries were not only starting to cooperate but developing ever closer relations,
…
Blast to the Future
by Gary Carmell
Gary Carmell
What happened in Beirut was absolutely horrific. As the graphic above shows, it is considered to be the most powerful non-nuclear explosion in history. To put the power of the blast in context, the Oklahoma City bombers used two tons of ammonium nitrate while Beirut’s ignited approximately 2,750 tons!
…
GO for it! Mastery and What it Takes to Become One
by Gary Carmell
Gary Carmell
I subscribe to Kindle Unlimited. This allows me to access any book in Amazon’s Kindle Unlimited library provided that I don’t have more than 10 checked out at any one time. I honestly don’t know if it pays for itself because a lot of the books that I end up reading are quite inexpensive but what it does do is introduce me to books I would probably not have been aware of and results in me reading some I would never have considered purchasing.
…
Say Yes to Life!
by Gary Carmell
Gary Carmell
I slept and dreamt that life was joy.
I awoke and saw that life was duty.
I worked—and behold, duty was joy.
-Rabindranath Tagore
“Life is not something,
…
Trauma and Growth: Imperfect Information and Uncertainty
by Gary Carmell
Gary Carmell
Successful investing requires so much emotional and psychological fortitude. The analytical part is oftentimes the easiest aspect. Managing ourselves is what is typically most challenging. We are triggered by fear and greed and traumas of past mistakes that can lead to suboptimal outcomes. For this reason,
…