Gary Carmell
Japan has been my model for why I think interest rates will stay low. Its rapidly aging society has led to a shrinking pool of labor over the last two decades which has led to less consumption and more savings. In addition, public spending has increased significantly to help keep the economy growing in the face of strong demographic headwinds.
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Gary Carmell
The following was one of the headlines on Marketwatch.com on May 5, 2014:
10-year Treasury yield hits lowest of year
U.S. government debt extends last week’s rally
This was after a strong jobs report on May 2,
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Gary Carmell
Anyone who invests is well aware of average returns that are published over the years for various types of indices. These include, but are in no way limited to, the S&P 500, Wilshire 5000, NASDAQ, Emerging Markets, Bonds (short-term and long-term, corporates and government), and various industry sectors (e.g.
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Gary Carmell
I’m a subscriber to SiriusXM radio and I was pleasantly surprised to see that the new U2 channel went live recently. Once I started listening to it I found it hard to turn off. I was first introduced to the band during my sophomore year at UCLA.
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Gary Carmell
One of the great advantages and pleasures of being with a company that was founded in 1969 is the tremendous number of long-term investors we have and the wonderful relationships formed over the years.
The downside is that aging is inevitable and an increasing number are passing away.
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Gary Carmell
Inflation is clearly one of the hottest topics for investors in particular and society more generally as the following chart shows. Core inflation has not moved commensurately with the exploding interest in the topic.
The following charts show why inflation is such a hot topic.
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Gary Carmell
The following is a recap of my tribute to Roneet delivered at Pardes Institute of Jewish Studies, May 2019
May 7, 2019, would have been my 30th anniversary with Roneet. We met towards the tail end of her senior year at UCLA.
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Gary Carmell
33 days after my heart surgery I resumed playing tennis. Of course, it was not at the same level or intensity as it was prior to my surgery but it was great to get back on the court nonetheless.
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Gary Carmell
I’ve written many times over the years regarding my interest in the subject of mastery. I have great admiration for people who go deep into their craft and come to know it so well that they continuously find an edge to enable them to be successful over the long term and be able to persevere through the inevitable adversities that life throws our way.
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Gary Carmell
The ecosystem and nature are fascinating to me. What I find so interesting is how systematic and interconnected it is and how species and ecosystems evolve. I naturally (pun intended) wanted to see if there were any lessons that could be applied to investment firms like CWS (and ourselves individually) from the characteristics of healthy ecosystems.
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