Gary Carmell
I feel for Joe Biden. I really do. No President is solely responsible for economic ills or gains as there’s a continuum that carries over from previous administrations and policies. There are too many forces and variables in play to ascribe blame or credit entirely to an administration.
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Gary Carmell
Preface: This turned out far longer than I was expecting but so it goes.
One of the more profound lyrics of the Grateful Dead is “Once in a while you can get shown the light in the strangest of places if you look at it right.” That has played out throughout much of my life with epiphanies and insights from unexpected sources that have altered my path,
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Gary Carmell
I was going to do a bit of a travelogue from my trip to London but one vital lesson I have come to learn in life is the importance and power of commitments. When one makes a commitment then it often requires preparation to honor that commitment.
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Gary Carmell
I have always been fascinated by economic cycles. What I have learned over the years is that financial excesses that reverse into fear and revulsion are often catalysts for economic downturns. Real estate, commercial and/or residential, are often culprits because they are assets that can be leveraged which can magnify returns as well as often being influenced by tax advantages which can stimulate demand beyond its longer-term trend.
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Gary Carmell 
Last week was brutal for retailers as major earnings announcements showed how they have been hit very hard by huge cost increases. Wal-Mart started the week off shocking the market with its very weak earnings outlook and then there was Target.
Its stock price got absolutely crushed in the wake of its results being released.
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Gary Carmell
Last week was very busy as I was in Austin for most of it to attend and present at our first company national meeting since 2019. The trip also included participating in two advisory board meetings. In order to meet my weekly blog commitment,
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Gary Carmell
I love the word enantiodromia. Maybe it’s because of how esoteric it is or how intelligent it makes me seem (even though I can barely pronounce it). I think the real reason I like it is that it captures a very powerful tendency in people and in cycles for people and nature to shift to their opposites.
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Gary Carmell
A little over six months ago I wrote about what was for a long time a disastrous investment that I made in a coal company that I purchased prior to Covid and subsequently dropped 80%. The post discussed many of the compelling reasons to hang on to the company because coal producers were extremely well-positioned to capitalize on very favorable supply/demand fundamentals.
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Gary Carmell
There are things you can replace
And others you cannot
The time has come to weigh those things
This space is gettin’ hot
You know this space is gettin’
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Gary Carmell
At CWS we have been heavily focused on growth-oriented markets that have large in-migration due to a competitive cost of living, high quality of life, and pro-business environment. This has led us to be heavily concentrated in metro areas such as Austin,
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