Gary Carmell
First of all, kudos to the tremendous participation among Americans in the electoral process. This election galvanized Americans into participating in the democratic process. Love or hate Trump; there is no question that he is a catalyst for stirring emotions and action.
It was fascinating to see how markets reacted as information was released related to the election.
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Gary Carmell
The following chart shows that people are the most comfortable returning to work within a month or less as compared to other activities. The percentage is 65% so there is still a substantial minority who are still concerned about returning to their previous work environment.
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Gary Carmell
With China having gotten a lot of heat for Covid-19 I thought I would end this post with advice that I think one of its great philosophers would have given had he been alive today. Confucius lived between 551-479 B.C. According to Wikipedia,
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Gary Carmell
As some of the readers of my CWS writings know, I’m a big music fan. I particularly enjoy using rock and roll lyrics to convey important points. I thought I would have some fun and share with you some of my favorite Investable Lyrics that I find myself quoting every now and then and why I find them relevant,
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Gary Carmell
Fiscal stimulus has now started to contract while the Fed’s monetary support for the economy has tightened quite significantly over the last three months. See what the following charts show:
The following is from The Washington Post and shows how significant the support for the unemployed has been and how it will drop materially if no stimulus package is passed.
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Gary Carmell 
A couple of weeks ago, I had the pleasure of traveling to Alaska for a small CWS planning meeting on a private boat. To enter Alaska without being quarantined, one had to prove he or she tested negative for COVID, which fortunately I did.
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Gary Carmell
I know this may shock some people, but I have to admit that it’s not always obvious what I should write about each week and there are even some weeks where the motivation to do so is less than what it should be. I’m human,
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Gary Carmell
“Everyone takes the limits of his own vision for the limits of the world.”
Arthur Schopenhauer
The COVID-19 global lockdown is understandably very controversial because the cost has been staggering in terms of job losses and the psychological ramifications on so many people.
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Gary Carmell
Howard Marks, the billionaire co-founder of Oaktree, is considered to be one of the world’s most thoughtful and successful investors. He is famous for his lengthy and well thought out memos articulating his deep thinking and how it applies to investing. He is particularly interested in and astute about risk and how to manage it.
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Gary Carmell
Over the past year or so I’ve been writing a lot about tennis and how it has taken on greater importance as it has enriched my life in many areas. It has improved my health, particularly my endurance, it’s been a catalyst for creating new relationships,
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