Gary Carmell
In an earlier blog, I discussed a fascinating study that asked whether stocks outperformed T-Bills. Surprisingly, the answer was that most stocks do not and the bulk of stock market returns have come from an incredibly small number of companies that have produced the estimated $32 trillion in wealth (returns in excess of T-Bills) between 1926 and 2015.
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Gary Carmell
There was a time when most people thought that you could never go wrong buying well-located real estate for the long term. This faith was definitely destroyed by the collapse of the housing bubble. Even with this experience, my guess is that most people would not assume that Beverly Hills real estate would be worth less than what it cost to build 46 years later.
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Gary Carmell
In 1986 Dan Rather was attacked on the streets of New York City by an assailant who kept asking “Kenneth, What’s the frequency?” And if Dan Rather hoped to forget about the incident this became impossible as R.E.M. memorialized it with their huge hit in 1994 of a slightly different title called What’s the Frequency,
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Gary Carmell
I recently read an article I enjoyed very much that touched on the importance of visualization in the context of how to find the next million dollar idea. I highly recommend the entire commentary as it is extremely well thought out and quite holistic in its approach.
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Gary Carmell
Paul O’Neill, who ran Alcoa and quintupled profits during his 13-year tenure, famously focused on one keystone habit to transform the company. It’s worker safety. Analysts and investors couldn’t believe their ears when he was introduced as the new CEO when he said that would be the company’s most important focus.
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Gary Carmell
Tom Petty used to sing that you don’t have to live like a refugee. On the other hand, John Mellencamp said “suck it up and tough it out, be the best you can.” So what would most people choose?
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Gary Carmell
Income inequality has many economic and societal impacts. When more wealth is concentrated in fewer hands, this can negatively impact aggregate demand as a large percentage of marginal dollars earned are saved versus spent. And since one person’s spending is another person’s income, a growing pool of savings will lower aggregate demand unless one or more sectors of the economy spend more than it earns as output will go unsold and have to be marked down for it to clear.
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Gary Carmell
In 1973 George Steinbrenner paid $8.7 million for the New York Yankee’s a team that’s currently worth over $4 billion and in second place.
Usually, when sports teams trade they are often for eye-popping prices which seem hard to justify at the time, yet years later the purchasers always seem to be vindicated.
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Gary Carmell
[Updated March 11, 2015]
“We should write because writing brings clarity and passion to the act of living. writing is sensual, experiential, grounding. We should write because writing is good for the soul. We should write because writing yields us a body of work, a felt path through the world we live in.”
― Julie Cameron
Writing is one of my greatest pleasures.
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Gary Carmell
With the World Cup having been completed this past weekend I thought I would tap into some interesting research about soccer and its ability to unify countries that are typically very tribal and fractious. I saw some of this firsthand during my recent trip to Africa where it was pretty evident that tribalism is very much alive and well.
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