With the college football NCAA National Championship game taking place on January 9, 2017, I thought it would be apropos to write about a fascinating study about how emotions can negatively impact people’s lives when decisions are made. The paper is called Emotional Judges and Unlucky Juveniles.
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With Bob Dylan having been awarded the Nobel Prize for Literature over the weekend I thought I would honor him by being very self-indulgent and creating my own lyrics to Blowin’ in the Wind. I have often found that taking the time to figure out the most important questions to ask can be more mind expanding and powerful than just focused on getting answers.
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Gary Carmell
Posted in Economy, Interest Rates, Investing, News, Psychology, Trends, Uncategorized, Wealth
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One of the driving forces in the economy and society that has made us bullish on apartments is what I like to call “Insecure Growth.” It’s a situation in which the economy continues to grow, albeit slowly, jobs are materializing, and households continue to be formed and yet there is an underlying insecurity and anxiety about job security and how long one might be in a particular location.
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“The only way to make sense out of change is to plunge into it, move with it, and join the dance.”
-Alan Watts
David Byrne famously sang “Watch out, you might get what you’re after” in Burning Down the House.
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Gary Carmell
Posted in Economy, Interest Rates, Investing, Market Bubbles, News, Stock History
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I am a great admirer of those who have the ability and inclination to deconstruct great performance as well as negative ones too. Charlie Munger is famous for inverting. If you want to learn how to live a great life it can be just as valuable to educate oneself on the characteristics and quality of a miserable life.
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Gary Carmell
Posted in Economy, Interest Rates, Investing, Market Bubbles, News, Stock History, Trends
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This week [April 2015] the NASDAQ finally exceeded its previous high reached in March 2001. Here is a graph that shows what happens when a financial bubble bursts.
Since 2009, however, it has been essentially a straight shot upward as if nothing were going to get in its way from reclaiming a new high.
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In the famous opening and ending scenes of Dirty Harry, Clint Eastwood’s character asks the cornered criminal if he feels lucky. Does he think Harry Callahan’s 44 Magnum is out of bullets or does he think there is one left? Harry is going to pull the trigger regardless.
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“It is the mark of an educated mind to be able to entertain a thought without accepting it.”
–Aristotle
The fear of missing out can be a powerful motivator. Of course, taking action based on this fear can lead to both positive and negative consequences.
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Here is part two of my comparison of some of Goethe’s maxims and the wisdom of Charlie Munger. Johann Wolfgang Goethe (1749 – 1832) was a German writer and statesman while Charlie Munger, born 1924, is best known for his financial wisdom and partnership with Warren Buffett.
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Gary Carmell
Posted in Advice, Apartments, Economy, Investing, News, Uncategorized, Wealth
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Sir Isaac Newton famously said in 1676,
“If I have seen further, it is by standing on the shoulders of giants.”
Scientific advancement and all forms of knowledge and innovation is cumulative and does not happen in a vacuum.
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