Blog Archives

The Case Against The Phillips Curve

Phillips Curve

The unemployment rate is the most important indicator for people who are believers in the Phillips Curve. Phillips Curvers believe that there is a trade-off between unemployment and inflation. The less slack in the labor markets (lower unemployment rate) the more inflation there will be as labor can bargain for higher wages and this,

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Posted in Advice, Economy, Interest Rates, Investing, News, Stock History, Uncategorized, Wealth


Lessons in Leadership and Civility from Lincoln

Lincoln

I was flipping through the television channels last week and I came across Ken Burns’s last episode of his Civil War documentary. It is such a highly regarded series and one in which I hope to see from beginning to end some day. I have always been fascinated by the Civil War and,

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Posted in Advice, News, Psychology


Apple – Ain’t That America

Apple Steve Jobs

“A lot of companies have chosen to downsize, and maybe that was the right thing for them. We chose a different path. Our belief was that if we kept putting great products in front of customers, they would continue to open their wallets.”

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Posted in Advice, Investing, Manufacturing, News, Trends, Wealth


Fitness Camp Was Life Changing – Now I’m a Believer!

Fitness-Camp-Gary-Carmell

Ben Carlson wrote an excellent piece about how knowledge is not enough in life. If one desires to effect change then knowledge without action is just an interesting academic exercise. It can actually end up being demoralizing as nothing is more frustrating than knowing what to do but lacking the desire to carry out the action and the discipline to stick with it.

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Posted in Advice, People, Personal, Uncategorized, Wealth


Hitting the Wall? Is The Fed About to Make a Mistake?

Fed Interest Rate Hike

With last week being dedicated to a much-enjoyed vacation, I thought I would let pictures do more of the talking this week.

Not surprisingly, the Fed increased its benchmark rate by 0.25%. The market fully priced this in. What is more surprising is the Fed telegraphing two more hikes in 2017 and commencing a slow reduction in its holdings of Treasuries and mortgage-backed securities beginning at the end of the year.

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Posted in Advice, Economy, Interest Rates, Investing, Stock History, Trends, Wealth


Lessons from Steve Schwarzman – Chairman and CEO of Blackstone

Steve Schwarzman

Steve Schwarzman is the co-founder and Chairman and CEO of Blackstone, which is the largest alternative asset management firm in the world. Schwarzman has built a financial colossus and extraordinarily successful asset management firm that is by far the global leader in alternative investments.

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Posted in Advice, Investing, News, Trends, Uncategorized, Wealth


What Is Your Story? Creating A Story Where You Are The Hero

Marc Andreessen said something in an interview that I have thought a lot about over the years. I have been a big fan of Joseph Campbell who was an expert on myths and deconstructing the hero’s journey into its most important components and structure.

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Posted in Advice, Investing, News, People, Trends, Wealth


Deep Domain Knowledge – Finding Your Calling

niece Dr. Wolf - May 2017

A few weeks ago I referenced Bob Dylan’s recommendation that we find our calling. I saw this in action last week and had this supplemented by some of the things I read. I had the pleasure to go to Philadelphia to attend the graduation of my niece from the University of Pennsylvania where she was awarded a Ph.D.

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Posted in Advice, Economy, Investing, News, People, Personal, Uncategorized, Wealth


The Manipulative Function: George Soros Theory of Reflexivity

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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Posted in Advice, Economy, News, People, Wealth


From Proust to Proctologists – Charlie Munger on Personal Development

Proctologist-Charlie-Munger

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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Posted in Advice, Investing, News, People, Trends, Wealth


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