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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How does a bastard, orphan, son of a whore and a
Scotsman dropped in the middle of a
Forgotten spot in the Caribbean by providence
Impoverished in squalor
Grow up to be a hero and a scholar?
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I jokingly said to my wife that the following graph is the reason she can purchase a car she has had her eye on.
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Gary Carmell
Posted in Apartments, Economy, Interest Rates, Investing, Market Bubbles, News, Uncategorized, Wealth
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The old adage is that the road to hell is paved with good intentions. As Ben Graham said, it’s not the bad ideas that do you in, but the good ideas that go too far that can do the most damage. A perfect example of this was the drive for more Americans to own homes,
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[UPDATED July 27, 2016] Since 2010 apartments have performed very well across the nation. The following graph from REIS (courtesy of Calculatedriskblog), a real estate research service, shows the trend in vacancy rates for larger apartment communities.
REIS – from 1990 – 2014
It’s clear from the graph that the market bottomed from an occupancy perspective in 2010.
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