Gary Carmell
Last week was a very bad week for the bond market, with some reprieve on Friday after a better-than-expected inflation report. This is a 5-day chart for the 10-year Treasury. Yields shot up by 0.20% after the Fed cut rates on the 18th and in the aftermath of Jay Powell’s press conference.
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Gary Carmell
I felt a little foolish posting this late after the August 2014* announcement that Steve Ballmer was buying the Clippers for $2 billion since I first wrote this draft in the aftermath of the whole Donald Sterling racist diatribe people thought he would “only” get $500 million or so.
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Gary Carmell
Last week was definitely one that made me want to travel less and less. I had meetings in New York City on Thursday so I needed to be there by Wednesday night and then head back home to Orange County on Thursday evening. United has a non-stop from John Wayne to Newark which is really convenient.
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Gary Carmell
One of my favorite podcasts is Founders. The creator of the podcast has come up with a number of maxims from all of the books that he has read and summarized to draw inferences that apply across the lives of many Founders.
One of them is belief occurs before ability.
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Gary Carmell
But the initiate must have the ability to judge every new experience wholly according to what is inherent in it, and let it react upon him, unobscurred by the past. We must be prepared at every moment that every object and every being can bring to us some new revelation.
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Gary Carmell
A few months ago, we started the process to refinance a few of our variable-rate loans into 7-year, fixed-rate loans. The fixed rates are based on the 7-year Treasury plus a spread which has been in the range of 1.50%. Here is a chart of the 7-year Treasury that goes through September 16th.
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Gary Carmell
One of the conventional narratives in our capitalist society is that the wealthy and most successful people are often the brightest and hard-working. I think what this fails to take into consideration is the nature versus nurture debate. People often think of intelligence as being innate and not very changeable.
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Gary Carmell
Last week I was in London for the fourth consecutive year to meet with some of our insurance carriers. Our program has become increasingly complex as this year we have 43 different companies providing coverage for our property program.
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Gary Carmell
This is a picture of my typical breakfast which is my smoothie and a combination of cereals with berries on top. You’ll notice in the upper right hand corner of the placemat I have my “I Voted” sticker. It always feels good to vote.
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Gary Carmell
The last couple of weeks have really brought forth the importance and power of one’s legacy and the impact it can have on others. They involved the passing and honoring of three people who have impacted my life.
Robbie Robertson
Two of them were musical influences whose lives were celebrated by concerts in their honor.
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