The Philosophical Investor's Blog

The Die Has Been Cast

The Die Has Been Cast

Last week was one that consisted of travel to New York City to attend the U.S. Open and to see a play written by my daughter that she also acted in and directed. Needless to say, there is a lot to be grateful for to be able to see Jannik Sinner and Iga Swiatek from a wonderful suite at Arthur Ashe Stadium and then get to see my daughter put her craft to work.

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A Jackson Hole Farewell

Jerome Powell indicates conditions 'may warrant' interest rate cuts as Fed proceeds 'carefully'

Fed Chairman Jerome Powell gave his annual Jackson Hole address last week. It’s almost assuredly his last one and is a fitting end to his tenure as it remained consistent with his personality and approach which is to be measured and flexible versus narcissistic and dogmatic.

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Make Fear Your Friend

Make Fear your friend

Wisdom from Warren Buffett

“Fear is the foe of the faddist, but the friend of the fundamentalist.” (1994)
“A climate of fear is their best friend. Those who invest only when commentators are upbeat end up paying a heavy price for meaningless reassurance.”

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Happy Birthday Jerry

In acknowledgment of what would have been Jerry Garcia’s 83rd birthday on August 1st, the three Dead & Company concerts in Golden Gate Park honoring what would have been the Grateful Dead’s 60th anniversary, and the passing of Jerry Garcia on August 9th,

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Suddenly, I'm Not Half the Labor Market I Used to Be

Suddenly Jobs Report

Last week, I mentioned the possibility of showing the output of an A.I query regarding some events that took place with me recently. I’m going to have to save that for next week or beyond, given the release of last week’s jobs report. It was so jarring and had such market impact that I would be negligent if I didn’t focus this week’s blog on that report.

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Damn the Negativity

Damn

I was talking to my daughter last week on a myriad of subjects and the topic of A.I. came up. She is a fantastic writer and has produced some incredible poetry, plays, short stories, and countless other amazing content. She was telling me how she constantly uses ChatGPT and it’s her new companion and she loves how she can interact with it and how it’s getting to know her.

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The Myth of Gary - Clarity and Enduring Value

Gary Odysseus Enduring value

Last week I wrote about the power of finding a myth with which to identify. A myth is a dramatic, sweeping narrative that can be quite complex and involve many characters and plot twists. For some people this may be too involved or daunting to find an identifiable myth to help one contend with adversity and to conjure up the energy and motivation to stay the course and take calculated risks.

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The Power of Myth

The Power of Myth Alpine Stone Whisperer

I have been listening to Carl Jung’s Memories, Dreams, Reflections, and it reinforces for me the power of the subconscious in driving human behavior as well as the importance of myths to guide societies, cultures, and individuals. Joseph Campbell wrote The Power of Myth,

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This Is for All the Lonely People - Advice from The Rebbe

Alexander Zverev Lonely People

The third-ranked men’s tennis player is Alexander Zverev. He is a very consistent player who often goes deep into major tournaments but has yet to win one. He has been criticized for getting very tight under pressure and not having what it takes to win one of the four majors (the Australian Open,

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Reflections on Turning 60

Gary Carmell 60th Birthday

Last week was my 60th birthday. In tennis, If you lose a set 6-0 it’s called being bagelled because the zero resembles a bagel. And since 6-0 looks like 60 we decided to have a big bagel birthday bash in honor of this milestone.

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