Gary Carmell
What a difference one week makes. Last week I was concerned that the 10-year Treasury note yield had breached its previous cycle peak. I used some questionable, but fancy statistical analysis to justify that the peak I should really be worried about was 3.16% versus the previous cycle peak of 3.04%.
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Gary Carmell
I recently completed Titan: The Life of John D. Rockefeller, Sr. by Ron Chernow and it is a wonderful read about the fascinating life and times of John D. Rockefeller. Ida Tarbell, one of the great muckraking writers and profilers who gained her fame while writing for McClure’s was personally impacted by Standard Oil’s brash business tactics.
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Gary Carmell
The future is clearly unknowable other than the certainty of our demise. All we can do is to utilize our knowledge and experience to assess when we think the odds are in our favor or against us and take action accordingly. Everything comes down to risk and reward,
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Gary CarmellIn my over 30-year investment career, I have found that it is a more logical flow to go from micro to macro. What I mean is that there is no substitute for experience to help formulate a set of theories and overall investment philosophy versus the other way around. It may sound good on paper to read what others have written and postulated and from these wise teachings form a prism through which to make key decisions,
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Gary Carmell
Warren Buffett has said that people should read 500 pages a day if they want to compound knowledge at a very high rate. Along the same lines, Bill Gates reads at least one book a week to help satisfy his immense curiosity.
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Gary Carmell
Like most people, especially investors, I’ve been wondering about whether there is a philosophical prism through which Donald Trump sees the world other than through deals and negotiations. In business, especially in real estate, there are often objective outcomes to shoot for to know if you are winning,
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Gary Carmell
On my recent trip, I visited 10 countries in Africa and Asia. My last destination was Singapore. I had been there in 1999 and remember how impressed I was with the city-state then and departed this time even more so. Singapore became an independent state after being kicked out of the Malaysian Federation in 1965.
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Gary Carmell
One of the premises of my book is that wealth goes far beyond the financial realm. A future blog post will discuss this in more detail. With the new year approaching this, is the time of year when many people make resolutions for the year ahead. I thought I would illuminate some very interesting research about money and happiness that may help influence readers in terms of what to focus on when it comes to their resolutions.
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Gary Carmell
I am always interested in knowing who greatly influenced individuals I admire. For Larry Page of Google fame, it was Nikola Tesla. Charlie Munger’s hero was Ben Franklin. Ben Graham was Warren Buffett’s mentor and hero. Two intellectual giants that have influenced me in addition to Charlie Munger have been Arthur Schopenhauer and Peter Drucker.
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Gary CarmellThe tariff debate and controversy seems to be escalating and has been leading to tremendous stock market volatility. Whenever there is such a heated topic that catalyzes strong emotions I like to take a step back and find ways to drown out the cacophony. One of the ways I do this is to ignore today and look to history to see what I can learn from the past.
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