Blog Archives

A Week in the Life of Schizophrenic Bond Investors

Schizophrenic Bond Investor

What a difference a week makes. Last week I wrote about how the Fed starting to unwind its balance sheet shouldn’t cause us much worry in terms of triggering a meaningful increase in interest rates. Of course, yields spiked higher over a few days to seemingly contradict my sanguine outlook.

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The End of QE I, II, & III – The Fed Portfolio Reduction

Fed reduces bonds

The Fed’s balance sheet is comprised of approximately $2.5 trillion in Treasury securities and $1.8 trillion in mortgage backed securities.  The following graph shows how its balance sheet has grown since 2009 through 2014 when it stopped its bond-buying program.

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Love as the Basis for Customer Service and Marriage

Love Gary and Roneet Carmell

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.

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Cultivating the Art Form of Loving

I recently completed a wonderful, classic book called The Art of Loving by Erich Fromm. It has great applicability to all relationships, not just your primary one with your spouse or significant other. I found there was also a lot to apply in terms of helping us at CWS to build upon our tremendous focus on communicating with and serving our investors.

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Insurance and Questionable Models Managing Risk

“I write because I don’t know what I think until I read what I say.”

― Flannery O’Connor

This blog post is pretty much just for me as insurance is not a very exciting topic but has great importance to all property owners,

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London Calling and Prague ress

Prague-Roneet-Gary Carmell

A significant percentage of CWS’ property insurance has been placed in London since 2010. After having CWS representatives visit London to meet our incumbent carriers and prospective ones over the past nine years, I thought it was time to join our head of Risk Management, CFO,

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Mind the Gap – Are We Our Own Worst Enemies?

mind the gap

International travel calls so this blog will be on the shorter side. It is fairly well known from research and the school of hard knocks that we are our own worst enemies when it comes to investing. Our emotions, particularly fear and greed, often lead us to buy towards the top and sell when it is closer to a bottom.

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Psychopaths Don’t Always Finish First

psychopathShakespeare 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.

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The B.I.S. vs. Japan – Increase In Global Interest Rates?

Japan Global Interest Increase

A few weeks ago I wrote about a B.I.S. report that hypothesized that global interest rates would rise over the next few decades as global demographics shift from a labor supply shock to a shortage as labor forces shrink in many developed countries.

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The Separation Is In The Preparation For CWS

Preparation

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,

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