With this being a Labor Day week I thought I would take it a little easier and outsource this week’s investment wisdom to a Wall Street legend, Byron Wien. He put together some of the most important lessons of his first 80 years and they represent some of the best advice I have ever read.
…
It is notoriously difficult to separate the signal from the noise when it comes to investing. What information is truly meaningful enough to take action that can lead to making money or avoiding loss versus useless information that leads to decisions which bluff us in or out and lead to lost opportunity or losing money?
…
One of the principal reasons I have been in the camp of interest rates remaining low for many years to come relates to demographics. I have always thought that Japan is the canary in the coal mine in terms of being on the leading edge of a rapidly aging society and how this filters through to lower interest rates.
…
In this third and final post related to The Art of Loving by Erich Fromm, this week I will talk about the ways that Fromm says we can learn how to master the art of love and how it can be applied to serving one’s customers.
…
Gary Carmell
Posted in Advice, Economy, Interest Rates, Investing, News, Stock History, Wealth
No Comments ↓
I am always interested in investments that perform very well for long periods of time. I periodically look back on stocks that were the best performing over ten year periods to see if there are any common characteristics of stock history that can help me make better investment decisions in the future.
…
Shakespeare said, “[a]ll the world’s a stage.” All of us are actors in the plays of our lives.
The best actors make us believe they are not acting by morphing into whatever role they play with the totality of their humanity. The worst ones are not very believable.
…
When I used to watch my son’s high school basketball team I was always so impressed at how composed they were. Many times they would initially fall behind and the other teams would get so pumped up after getting off to a strong start, especially against such a good team as ours.
…
It was quite a week of action for CWS, particularly for our risk management, safety, construction, operations, asset management, human resources, marketing, and maintenance teams. We have been having very early calls (at least for me on the west coast) every morning, including over the Labor Day weekend,
…
Gary Carmell
Posted in Advice, Economy, Interest Rates, Investing, News, Stock History, Uncategorized, Wealth
3 Comments ↓
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,
…
“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.”
…