In the melancholy song Black Peter, Jerry Garcia sings:
See here how everything
Lead up to this day
And it’s just like
Any other day
That’s ever been
This post is about a proud father acknowledging his daughter,
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The Philosophical Investor's Blog
Federal Reserve Response to the Market’s Beseeching - Power of Structural Forces
by 
Gary Carmell
Gary Carmell
It’s been a very busy three weeks of travel so I’m going to keep this one pretty short and sweet. And while I often write a thousand words or more, this post will hopefully support the adage that “a picture is worth a thousand words.”
The Federal Reserve finally responded to the market’s beseeching that it pauses its rate increases and not be on a “damn the torpedoes” path of raising interest rates and shrinking the balance sheet.
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The Skyscraper Indicator - Is the Luxury Home Bubble Bursting?
by Gary Carmell
Gary Carmell
A little while back I read an article by Ron Insana regarding New York luxury condos and how he believed that the top was in and the bubble was bursting. This is in conjunction with another article I read on Bloomberg.com about the weakening London luxury home market.
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One Mis-Step Away - Answers Come After the Question is Posed
by Gary Carmell
Gary Carmell
Answers can only come after a question has been posed. Thus, formulating great questions is the first, and most important, step to growing one’s base of knowledge. As I have written in my book, the two most important questions I need the answers to in terms of our investments at CWS are:
What is going to happen to our Net Operating Income?…
The Growth of Passive Investing - It Will Bogle the Mind
by Gary Carmell
Gary Carmell
This will be a relatively short post honoring a long life that was highly impactful.
The following chart shows a demand curve that, without much argument, we can point to one man for the explosive increase. It represents the percentage of assets dedicated to passive investing via index funds and Exchange Traded Funds (ETFs).
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Lessons From Harry About Being Truly Alive
by Gary Carmell
Gary Carmell
One of the things that Roneet and I had in common was the fact that neither of us grew up with any pets other than the occasional fish. We would sometimes commiserate how they would jump out of the bowl and feel badly about it and how we both felt the sad shock of seeing them on the ground lifeless.
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A Return to Charts - Focusing on Interest Rates and the Economy
by Gary Carmell
Gary Carmell
It’s been a while since I have focused on the economy and interest rates so I will return to one of my periodic chart-o-ramas to try to capture some of the dramatic changes taking place in various markets and how investors have gone from embracing risk to shying away from it,
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Handshakes to Hugs - Between a Laugh and a Tear
by Gary Carmell
Gary Carmell
I was planning on writing about Apple’s announcement that they were making a huge investment in Austin, as well as the material, slow down taking place in China and how that is impacting global economic growth. But then, the combination of reflecting on a conversation I had with a friend/mentor/business advisor and a quote my daughter texted me led me to abort and return to the subject of healing,
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From Interest Rates to Insights - Feel to Heal
by Gary Carmell
Gary Carmell
The fact that I’m not going to spend much time on this chart must mean that I still feel the need to release things deep within my subconscious with regard to the loss of Roneet.
While rates were rising I wrote a few times that I was perplexed that they were doing so given the headwinds of tariffs and increasing tension with China,
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Kindness - It Can Be Contagious
by Gary Carmell
Gary Carmell
My intention was to make a clean break this week and the transition from mourning the loss of my wife Roneet to discussing more economic and business-related issues. But honestly, I found that I’m not mentally and emotionally in that place right now. As a result,
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