Gary CarmellIn the famous opening and ending scenes of Dirty Harry, Clint Eastwood’s character asks the cornered criminal if he feels lucky. Does he think Harry Callahan’s 44 Magnum is out of bullets or does he think there is one left? Harry is going to pull the trigger regardless.
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Gary Carmell
“It is the mark of an educated mind to be able to entertain a thought without accepting it.”
–Aristotle
The fear of missing out can be a powerful motivator. Of course, taking action based on this fear can lead to both positive and negative consequences.
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Gary Carmell
Here is part two of my comparison of some of Goethe’s maxims and the wisdom of Charlie Munger. Johann Wolfgang Goethe (1749 – 1832) was a German writer and statesman while Charlie Munger, born 1924, is best known for his financial wisdom and partnership with Warren Buffett.
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Gary Carmell
Sir Isaac Newton famously said in 1676,
“If I have seen further, it is by standing on the shoulders of giants.”
Scientific advancement and all forms of knowledge and innovation is cumulative and does not happen in a vacuum.
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Gary CarmellHow does a bastard, orphan, son of a whore and a
Scotsman dropped in the middle of a
Forgotten spot in the Caribbean by providence
Impoverished in squalor
Grow up to be a hero and a scholar?
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Gary Carmell
I jokingly said to my wife that the following graph is the reason she can purchase a car she has had her eye on.
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Gary Carmell
The old adage is that the road to hell is paved with good intentions. As Ben Graham said, it’s not the bad ideas that do you in, but the good ideas that go too far that can do the most damage. A perfect example of this was the drive for more Americans to own homes,
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Gary Carmell[UPDATED July 27, 2016] Since 2010 apartments have performed very well across the nation. The following graph from REIS (courtesy of Calculatedriskblog), a real estate research service, shows the trend in vacancy rates for larger apartment communities.
REIS – from 1990 – 2014
It’s clear from the graph that the market bottomed from an occupancy perspective in 2010.
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Gary Carmell
The discovery of the quantum is one of the great breakthroughs in science. It helped transition our understanding of how natural phenomena work from Newtonian mechanics to quantum physics. In this whacky world of infinitesimally small particles, Heisenberg’s Uncertainty Principle was formulated which postulated that a scientist cannot simultaneously know the position and momentum of a particle because trying to measure either one will affect the results of the other.
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Gary Carmell
This is part two of my blog post regarding Alexander Hamilton as well as James Madison as he is featured prominently this week. It seems particularly fitting to blog about this given the decision by U.K. voters to exit the European Union. Hamilton and Madison believed that factions were the greatest risk to good governance,
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