Network effects are extraordinarily powerful. The more people that join the network, the more valuable it becomes to be part of the network, which leads to more people joining. Entrenched, valuable networks are very hard to dislodge and offer great competitive advantages. Think of Facebook,
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Gary Carmell
Posted in Economy, Interest Rates, Investing, News, Stock History, Trends, Wealth
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Not surprisingly, the Fed pulled the trigger and raised short-term interest rates by 0.25% for the first time since last December. I thought I would convey what I think are the most pertinent variables to be monitoring in the wake of the Fed tightening. I’m calling this blog post “See and Wait” as I will be showing many charts and opine on some of the ramifications but we will have to wait to see how it unfolds in the real economy.
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Gary Carmell
Posted in Economy, Investing, News, People, Trends, Uncategorized, Wealth
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I recently read about Tesla’s autopilot software update being able to look one and two cars ahead to determine if they are safe or at risk of an accident and, if so, this would then trigger the Tesla to slow down to avoid it.
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With over $6 trillion in global stock market losses in one week, it’s clear that investors have woken up to the real risk that the coronavirus is not contained, somewhat akin to the subprime crisis that Ben Bernanke famously said was and led to massive financial losses around the world.
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Gary Carmell
Posted in Economy, Housing, Stock Market, Trends, Uncategorized, Wealth
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I’m admittedly obsessed by pandemics. I’ve been listening to the course on the Black Death via the Great Courses, I was in China at the tail end of SARS in 2003 and was intensely focused on what life was like during that time there, and of course,
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Last week we completed seven of our eleven State of the Company meetings that Tracy Hayes, the president of our sister company CWS Corporate Housing, and I have been doing for 26 years. And while it’s a lot of travel in a relatively short period of time,
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I must confess that one of my guilty pleasures involves eavesdropping. I find people fascinating, particularly when it comes to learning about what motivates them, what they do, their opinions about issues, and their nuances that make them unique.
Leaders Lessons Learned Listening
I was recently having breakfast and sitting out on the patio next to a group of four younger guys,
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With the 2010s having come to an end and the roaring 20s starting I thought I would look back over the past decade to convey key trends that impacted the economy and apartment investors.
I would summarize it as a decade of continued aggressive Federal Reserve involvement in the economy through continued low-interest rates and expansion of its balance sheet.
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2020 has started off with some geopolitical fireworks that have carried over to financial markets as the headline below attests.
This is another good example of why having a hedge with U.S. Treasuries (and maybe a little gold as well) can be helpful to provide a counterweight to risk assets that inevitably take a mild beating,
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Last week we held our annual investor meeting and we had a record attendance of nearly 600 people (including employees). I told the audience that if we can grow our attendance by 7% every year that by the time we have our 100th annual meeting (this was year 49) then we should have over 11,000 in attendance.
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