The Philosophical Investor's Blog

How My Father Taught Me to Live a Truly Wealthy Life

On July 25, 1998, my father, Sherman Carmell passed away and today is the anniversary. I would like to pay tribute to him by sharing this video. He was a very special person who left an indelible imprint on my life. He truly made his mark in the world despite having passed away at the relatively young age of 67.

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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,

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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.

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The Media, Earthquakes, and Market Crashes

Market-Crashes

I have written before about how investors overestimate the probability of extreme negative outcomes. The author of the study I referenced in that blog post has teamed up with his famed Yale colleague Robert Shiller and another professor and published a new working paper called Crash Beliefs from Investor Surveys.

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Roneet Carmell Memorial Endowment Fund - Inaugural Lecture

The following are the remarks I gave at the inaugural lecture that was held at the University of California, Irvine on May 23rd, 2019.

I want to thank you for coming out tonight for this event. It really means a lot to me as this is such a personal cause.

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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.

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Wisdom of Yogi Canseco? Japan's Negative Interest Rates

Canseco-Yen

A few very insightful tweets came out of a very unexpected place after the Bank of Japan waded into the waters of negative interest rates. It was from none other than Jose Canseco, the former home run king, wrestler, and iconoclast. This is what he had to say courtesy of Business Insider:

Jose Canseco

He is pretty much spot on in asserting that negative interest rates have a deflationary impact.

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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.

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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.

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Never Stop Questioning

Never Stop Questioning Gary Carmell

It was my great pleasure and honor to attend my daughter’s high school graduation last week. It was such a beautiful and moving ceremony and a tremendous accomplishment for her. She truly gave blood, sweat, and tears to get to this point. The ceremony was steeped in tradition as she graduated from a girls school that was founded in 1889.

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