Human beings are reaction machines versus reflective and responsive individuals. We are our own worst investing enemies when it comes to investing successfully. Most people are easily susceptible to bouts of fear and greed when it comes to investing. Unfortunately, these emotional highs and lows are often when the masses are reacting in a similar manner.
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The future is clearly unknowable other than the certainty of our demise. All we can do is to utilize our knowledge and experience to assess when we think the odds are in our favor or against us and take action accordingly. Everything comes down to risk and reward,
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In my over 30-year investment career, I have found that it is a more logical flow to go from micro to macro. What I mean is that there is no substitute for experience to help formulate a set of theories and overall investment philosophy versus the other way around. It may sound good on paper to read what others have written and postulated and from these wise teachings form a prism through which to make key decisions,
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Warren Buffett has said that people should read 500 pages a day if they want to compound knowledge at a very high rate. Along the same lines, Bill Gates reads at least one book a week to help satisfy his immense curiosity.
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Like most people, especially investors, I’ve been wondering about whether there is a philosophical prism through which Donald Trump sees the world other than through deals and negotiations. In business, especially in real estate, there are often objective outcomes to shoot for to know if you are winning,
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One of the premises of my book is that wealth goes far beyond the financial realm. A future blog post will discuss this in more detail. With the new year approaching this, is the time of year when many people make resolutions for the year ahead. I thought I would illuminate some very interesting research about money and happiness that may help influence readers in terms of what to focus on when it comes to their resolutions.
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“It did not really matter what we expected from life, but rather what life expected from us. We need to stop asking about the meaning of life, and instead to think of ourselves as those, who were being questioned by life-daily and hourly. Our answer must consist,
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As property values have escalated greatly in major cities, particularly with a tech orientation, I ask myself if secondary markets make more sense as the cost of living is cheaper and yields are initially higher. The tradeoff historically has been far less growth potential and lower appreciation.
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I am an avid reader and always on the lookout for interesting information and trends that might spark some kind of insight with regard to economic, financial, or societal trends. I thought I would share a few graphics that caught my attention recently. These are in no particular order.
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Gary Carmell
Posted in Advice, Market Bubbles, News, Stock History, Trends, Uncategorized, Wealth
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With the subprime-induced global financial meltdown of 2008 and 2009, along with the dotcom implosion in the early 2000s resulting in the NASDAQ dropping by approximately 80%, it’s not surprising that most investors are constantly on guard against the bursting of bubbles and crashes ensuing. If one takes a step back,
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