Gary Carmell
There is obviously a lot of conjecture as to what the impact of the Fed embarking upon its first increase in short-term interest rates in over nine years will be. Markets are discounting mechanisms so what most people are talking about today the market often has moved on from awhile back.
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Gary Carmell
Paul Simon wrote that “a man sees what he wants to see and disregards the rest.”
How true is that?!
In behavioral economics parlance, this is known as confirmation bias whereby we look for confirming evidence while ignoring or not looking for that which might disconfirm what we believe.
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Gary Carmell
I thought I would focus this week’s blog on things that have recently caught my attention in the news.
In Case You Missed It – In the News
• Starwood Purchase of $5.3 Billion of EQR Apartment Assets
In the Dire Straits song Industrial Disease,
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Gary Carmell
“Victory; a matter of staying power.”
– Elbert Hubbard
Famed economist (and very successful investor) John Maynard Keynes said in the long run, we’re all dead. This is obviously irrefutable, independent of reincarnation and afterlives.
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Gary Carmell
The U.S. apartment market continues to perform extremely well. According to a recent report from CBRE, vacancy rates are near 15-year lows as new supply is being easily absorbed as demand exceeds supply nationally. The nation’s 62 largest apartment markets had a second quarter vacancy rate of 4.2%.
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Gary Carmell
It looks like Greece blinked and is giving its creditors much of what they’re asking for. In my opinion, it’s just going to create more hardship for the Greek people. In my book, I wrote a lot about the risk of austerity in the United States derailing the recovery in 2010 and 2011.
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Gary CarmellCyprus has been dominating the news as the latest over-indebted European country needing a bailout. It is reported to have total debt equal to approximately nine times its GDP. Now that is some serious leverage. It wasn’t always this way though. Here’s an interesting piece from 1954 talking about how crazy it is to put such a prosperous island like Cyprus,
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Gary CarmellMy professional responsibilities and passions are centered on enhancing the lives of our investors by generating compelling investment returns without taking excessive risk. If we do this well then our employees and key principals should benefit accordingly. Our core competency at CWS Capital Partners is in the apartment industry through the acquisition,
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Gary CarmellWith the publication of my book The Philosophical Investor – Transforming Wisdom into Wealth now happening within two months (March 17, 2015), I wanted to turn my attention to some of the various themes I focus on in the book. Wealth is one of the most important themes and is where all roads ultimately lead in the book.
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Gary CarmellThe Power of Partnerships in Two Important Areas of My Life
In my soon to be published book I discuss the power of partnerships in two important areas of my life: work and personal. CWS was founded in 1969 by Bill Williams and Jim Clayton when they met at Indian Guides and soon discovered they had read the same book on striking it rich in real estate.
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