Gary Carmell
Auto sales have been one of the real bright areas of the economy ever since the “Cash for Clunkers” program ended and sales dropped back down to recessionary levels. The following chart shows how they have grown by approximately 100% from trough to peak.
Auto Sales
Unfortunately,
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Gary Carmell
Last week I discussed research showing the correlation between wealth and education. The Federal Reserve followed up with additional research about wealth and demographics, the subject of this post. More specifically, wealth and age. Not surprisingly, the older a household is the more wealth has been generated since people have had more time to save and invest.
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Gary CarmellSchool tragedies are not a modern affliction yet they have been on the rise since the Columbine High School massacre April 20, 1999. The Sandy Hook shooting in Newtown was absolutely horrifying and a tragedy of unspeakable proportions yet the worst school tragedy in American history was 80 years earlier it took place at an elementary school in Bath Michigan in 1927.
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Gary Carmell
Jamie Dimon and Ray Dalio have both come out and said that despite America being such a strong country and performing well economically, not all is right when looking under the hood.
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Gary Carmell
Bob Dylan said, “You gotta serve somebody.” The Federal Reserve is no exception. The Fed has the mandate to use its policy tools granted to it by Congress to help achieve full employment, stable prices, and moderate long-term interest rates (most people are not aware of the third mandate).
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Gary Carmell 
I recently re-read George Soros’ lectures at Central European University from October 2009. He gave five of them and they will be something I return to over time. Soros’ most formative experience was as a 14-year-old in 1944 and having escaped the Nazis out of Hungary.
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Gary Carmell
I probably should have written this two weeks ago but I wanted to finish my Munger trilogy. I dislike when hindsight bias is used and prefer when people tell me when they are going to do something or just did and the reasons for it so that the decision can be evaluated objectively.
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Gary Carmell
This is the last in my three-part series excerpting what were the highlights for me from Charlie Munger’s extemporaneous comments and responses to questions at the Daily Journal shareholders’ meeting. Most financial professionals recommend diversifying your investments to avoid being wiped out financially and/or emotionally.
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Gary Carmell
This week I continue with lessons learned from Charlie Munger and the answers he gave to shareholder questions at the Daily Journal annual meeting held in February. Last week I focused on delayed gratification and this week I will turn to his thoughts on personal development.
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Gary Carmell
Warren Buffett and Bill Gates were interviewed recently to discuss why they are both so optimistic about the future of America as well as other issues. Naturally, one of the topics covered was philanthropy as Gates and Buffett are leading the charge with regard to the Giving Pledge and the two have given more money away than other people in the world.
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