The Philosophical Investor's Blog

Wisdom of Charles Brandes: The Principles of Value Investing

Wisdom of Charles Brandes Invest Wisely

Charles H. Brandes is the founder and chairman of Brandes Investment Partners, L.P. and a true pioneer in international investing. He is also a strong adherent to the principles of value investing. One of the benefits of being a CFA is that I get access to publications from the CFA Institute and every so often there are some gems that I come across.

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I Haven't Got Time for the Pain

I haven't got time for the pain

I have always liked Carly Simon’s song “Haven’t Got Time for the Pain.” The song is about someone in the narrator’s life who taught her how to let go of melodrama and self-sabotage and that life is too short to be addicted to such pain and suffering and letting those unruly voices in her head run rampant.

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Housing Shock Therapy

Housing Shock Therapy

It’s been a challenging couple of years for apartment owners, but, as I have been writing about over the past year or so, there is definitely light at the end of the tunnel. This is because apartment construction while having been at historically high levels,

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Capping off a Good Week

Rate Cap

After the chaos in Japan led to a pretty massive unwind of the yen carry trade, which spilled over to stock market losses and Treasury market gains (yields dropping), last week reversed some of that carnage. The stock market rebounded sharply, and bond yields went up,

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Gradually ---> Suddenly (Yet Again)

Gradually Suddenly

I think this headline last Friday from CNBC tells us much of what we need to know about the economy. 

August 2, 2024 Dow tumbles 800 points, Nasdaq enters correction territory

Up until recently disappointing economic news was generally good for the stock market because it has led to lower interest rates and more pressure on the Fed to cut rates.

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A True Friend Stabs you in the Front

John Mayall Eric Clapton

An exercise that is highly recommended to help one gain perspective and to prioritize what is truly important in one’s life is to write one’s own eulogy. It’s been said that wisdom is being able to see the end from the beginning and this exercise can help do that.

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R.I.P. Bill Williams

RIP Bill Williams 1932 - 2024

The world lost a force of nature in the passing of Bill Williams last week. Bill co-founded CWS in 1969 with Jim Clayton after the two of them met at an Indian Guides outing, and both came to learn that they had read the same book about how to create wealth in real estate.

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Just A Shot Away

Gary Carmell 37 Years with CWS Anniversary

I recently completed my 37th year at CWS. It’s been quite a journey. So many life changes have taken place during my tenure here as well as gaining invaluable business experience, forming wonderful relationships, saying goodbye to people who have sadly passed,

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The Gift of You - Now And In The Future

The Gift of You

When I wrote my book, the target audience was deep pockets and deep thinkers. My choice of blog subject tends to oscillate between the two. This week caters more to the latter than the former.

The Gift of You

When one has gained clarity about what gifts one can offer the world and then designs one’s life to utilize them in ways that benefit others,

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It Is Time

Interest Rates It is Time

In The Lion King there comes a pivotal moment when Simba has to claim his rightful place on the throne and confront Scar. His mentor/guardian Rafiki reacts to this crossing of the threshold by Simba with the line “It is time!”. This is how I feel about Jay Powell and the Fed in terms of cutting interest rates.

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