Gary Carmell
2023 is already shaping up to be the year when the tsunami of office building defaults, foreclosures, and large losses for lenders and equity investors comes on with full force. Cracks have already appeared, and it is only going to get worse. The office building sector is impaired,
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Gary Carmell
Last week I wrote about the epiphany I had of focusing on loving to win versus hating to lose and how I savored a great forehand that I hit playing in a tennis tournament even though I lost. This led me to focus much more on the satisfaction of that great forehand versus what I didn’t do well or on the mistakes I made.
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Gary Carmell
Carl Icahn has clearly done enormously well over the years in compounding capital through his highly aggressive, activist approach to investing. He is not shy about expressing his opinions, sometimes in a Trumpesque manner, to call out underperforming management teams, changes he thinks they should make to increase returns to shareholders and the performance of the business and to get more involved to either make changes and/or hold management teams more accountable.
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Gary Carmell
A couple of weekends ago, I played in a tennis tournament. Then on the following Monday evening, I played doubles from 5:00 to 6:30, followed by a clinic from 7:00 to 8:30. Proving there’s no rest for the weary, the next morning, I had a training session from 6 to 7 and then played singles from 8:00 to 9:30.
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Gary Carmell
As an investment management company, CWS’ investors naturally look to us to deliver compelling returns relative to the risk we are taking. Since the capital entrusted to us is deployed into businesses that we purchase (apartment communities) or create (the development of apartment communities),
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Gary CarmellThis week I will return to one of the videos that I shot on true wealth to discuss various elements of my book that I think communicate the most important messages. Hopefully they will inspire one to read the book versus feeling like they have already read it!
Let’s start with a basic question –…
Gary Carmell
I recently returned from the National Multifamily Housing Council conference in Las Vegas. I have been attending the conference since very early in my career, which makes me one of the pioneer attendees as the organization was fairly new then, and there were probably no more than 500 people at the conference in the early 1990s.
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Gary Carmell
Give me a word
Give me a sign
Show me where to look
Tell me, what will I find?
What will I find?
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Gary Carmell
Last week was pretty important in confirming the trend change in interest rates and solidifying a slowdown in economic activity. Evidence of the economy slowing is reflected in more U.S. firms cutting their earnings guidance versus raising them.
As the above chart shows,
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Gary Carmell
There is so much concern about the level of our federal government debt and how will we ever repay it. That is one thing to never have to lose sleep over. The United States uses a currency (the dollar) that only it can produce, has no obligation to back its currency with anything other than its commitment to accept it to pay taxes that are owed,
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