Gary Carmell
Posted in Advice, Economy, Investing, News, Stock History, Trends, Uncategorized
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In The March of Folly author Barbara Tuchman defines folly as acts that are clearly contrary to the self-interest of the organization or group pursuing them. It would seem like the Fed would fall into this definition. Its mandate is full employment and price stability while also providing prudent financial oversight to minimize the risks of financial contagion (I added the third one).
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I was privy to a conversation between two females, one of whom is a senior in high school. She was lamenting the fact that her English teacher had given her class an assignment to write a sonnet. This caught my attention as, while I have expressed myself a few times over the years by writing haikus,
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Gary Carmell
Posted in COVID 19, Economy, Interest Rates, Investing, Manufacturing, News, Stock Market, Trends, Uncategorized, Wealth
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The jobs report released on Friday was disappointing.
Disappointing Job Growth
Perhaps the report shouldn’t have been such a surprise on the downside based on this chart.
It would appear that job seekers are less confident about their prospects as they have significantly reduced their searches.
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With the Thanksgiving holiday last week, I thought it would be appropriate to focus this week’s blog post on something I am deeply grateful for. My source of gratitude was coincidentally triggered when listening to a podcast about the Grateful Dead. Definitely, the right band when thinking about gratitude.
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Gary Carmell
Posted in Advice, Books, Economy, Investing, News, People, Uncategorized, Wealth
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I recently read Andrew Carnegie’s autobiography and found it so compelling that I’m going to focus the next few blog posts on some areas of insight and wisdom that I think all investors, business people, and wealthy individuals, in general, could benefit from.
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This is my final installment about Lee Kuan Yew. There is still a lot I haven’t touched upon but three weeks have been a sufficient amount of time to devote to some of the most important lessons learned from Lee.
Ethical Leadership
One of CWS’ core values is “Ethical dealings are paramount.” It’s not only the right way to act but it’s also good business.
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This blog post was inspired by one recently written by Dilbert creator Scott Adams. He is such a brilliant guy and was so right about Trump that I will forever hold him in the highest of esteem.
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First of all, kudos to the tremendous participation among Americans in the electoral process. This election galvanized Americans into participating in the democratic process. Love or hate Trump; there is no question that he is a catalyst for stirring emotions and action.
It was fascinating to see how markets reacted as information was released related to the election.
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The following chart shows that people are the most comfortable returning to work within a month or less as compared to other activities. The percentage is 65% so there is still a substantial minority who are still concerned about returning to their previous work environment.
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Gary Carmell
Posted in Economy, News, People, Personal, Stock Market, Uncategorized, Wealth
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With China having gotten a lot of heat for Covid-19 I thought I would end this post with advice that I think one of its great philosophers would have given had he been alive today. Confucius lived between 551-479 B.C. According to Wikipedia,
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