The Philosophical Investor's Blog

The Road to Zero?

road to zero percent interest

The market didn’t react very well to Jerome Powell’s characterization of Wednesday’s interest rate reduction as a “mid-cycle adjustment.” Investors took that to be a bearish easing of monetary policy. The stock market dropped, the bond market took a future interest rate reduction off of the table,

Read more ›



From Anger To Well Being - Harnessing Hurt

Anger Tennis

Awhile back I wrote about the book called The Surprising Purpose of Anger: Beyond Anger Management: Finding the Gift. I went back and reviewed the book again because I’ve been playing tennis recently and quite frankly I have felt personal disappointment because I have been unnecessarily hard on myself and angry when I make unforced errors to the point where my behavior can be unbecoming.

Read more ›



Looking Back At My 32 Years With CWS And Planning For The Future

Gary Carmell 32 Years with CWS looking forward

July 20th was my 32nd anniversary at CWS. After college, I moved down to Orange County to be with Roneet to start our lives together. She had recently begun her career at Nordstrom that would be the start of a meteoric rise to upper management over her 10 years there.

Read more ›



Think Globally Act Locally

Think Globally. Act Locally

There has been some criticism of Fed chairman Powell as he has gone from saying this in early October 2018:

Jerome Powell we're a long way headline

To telegraphing this on July 10th:

Jerome Powell Signals Rate Cut

Those who are upset by his dovish turn are irked because they feel like he is kowtowing to the market and Trump who is forcing his hand despite record high stock market averages,

Read more ›



Kevin Durant and the Power of Grudges and Adversity

A lot of people have become quite successful from a career and financial perspective by seeming to always have a chip on their shoulder. There was some slight, insecurity, or need for total dominance that feeds the creation of enemies to fuel their drive and success. I have been listening to Michael Ovitz’s autobiography on Audible and this was clearly the case for him as his goal at CAA was total domination of the agency industry.

Read more ›



Get a Clue - Bob Dylan Rolling Thunder Revue

Bob Dylan

Sometimes the answers are available to us if we just pay attention and think more expansively to connect the dots. I watched the new Bob Dylan documentary about his 1975 tour called Rolling Thunder Revue.

Read more ›



Much Ado About LIBOR

Last week my daughter and I went to see the Improvised Shakespeare Company in Los Angeles. Wow, what a mind-blowing experience that was. It was extraordinary to see the four actors take an idea thrown out to them by the audience and turn it into a 90 minute Shakespeare play.

Read more ›



Pop Philosophy & David Hasselhoff: My Tribute to Ariella

Ariella Carmell Dead & Company Chicago 2019

From time to time Ariella and I engage in some very deep conversations which I always find so enjoyable and stimulating. In light of these interesting discussions, she thought we should consider having a podcast and call it Pop Philosophy. Maybe this will launch a new category called popcasts.

Read more ›



Will The Fed Slash Interest Rates? When the Levee Breaks

Interest Rates cut 2019

As the following headline shows, interest rates fell quite sharply on Friday to current cycle lows in the wake of a very weak non-farm employment report.

10-year Treasury yield plunges

One can see how inverted the 10-year Treasury note yield has become versus the 3-month T-bill yield in the following chart.

Read more ›



Stable Genius?

Stable Genius Donald Trump

I read a very interesting theory about Donald Trump‘s master strategy when it comes to the trade war with China. Trump believes that he can win a trade war, but he can’t do it alone. He sees that the Chinese are reacting with an aggressive fiscal and monetary stimulus to counter the negative impact of the trade war on their economy and believes the United States needs to do the same.

Read more ›



Categories

Free Insights