The discovery of the quantum is one of the great breakthroughs in science. It helped transition our understanding of how natural phenomena work from Newtonian mechanics to quantum physics. In this whacky world of infinitesimally small particles, Heisenberg’s Uncertainty Principle was formulated which postulated that a scientist cannot simultaneously know the position and momentum of a particle because trying to measure either one will affect the results of the other.
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This is part two of my blog post regarding Alexander Hamilton as well as James Madison as he is featured prominently this week. It seems particularly fitting to blog about this given the decision by U.K. voters to exit the European Union. Hamilton and Madison believed that factions were the greatest risk to good governance,
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Gary Carmell
Posted in Advice, Economy, Investing, News, People, Uncategorized, Wealth
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With this being Memorial Day I thought I would take a slightly different spin to honor this holiday. I, of course, want to thank everyone who has served to help protect our country.
The first people to honor and offer our most sincere form of gratitude is to those in the armed forces who literally putting their lives on the line to defend our country.
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[Updated – May 4, 2016] As real estate investors, we’re obviously big consumers of capital, particularly debt financing. Given this, it’s important to have a view (hopefully a correct one) regarding interest rates. I look at many indicators to help me gauge where I think rates may be headed.
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Gary Carmell
Posted in Apartments, Economy, Interest Rates, Investing, News, Stock History, Trends, Uncategorized, Wealth
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Rather than diving into deep philosophical exposition and heavy economics, I thought I would go a different direction this week and share some random thoughts and items that have caught my attention recently.
My 14 Random Thoughts
Garry Shandling –
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Gary Carmell
Posted in Advice, Economy, Investing, News, Trends, Uncategorized, Wealth
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It is hard for anyone to argue that one’s parents have not been quite influential over the course of one’s life for good and bad. This is especially true for the father-son relationship. In mythology, the father often represents the duality of growth and destruction (harshness and discipline).
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Gary Carmell
Posted in Advice, Economy, Interest Rates, News, Stock History, Trends, Uncategorized, Wealth
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The CFA Institute recently polled its members regarding whether the United States will enter into a recession in 2016. 875 members responded and the following table shows the results.
Will the US Experience a Recession in 2016?
Source: CFA Institute Financial NewsBrief
70% are in the camp that a recession will not take place in 2016.
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Gary Carmell
Posted in Economy, Interest Rates, News, Stock History, Trends, Uncategorized, Wealth
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I promise this is the last time in 2015 that I will discuss interest rates and my strong belief that the Fed is making a big mistake by raising rates, which is expected to happen this week. Since a picture is worth a thousand words, then multiple pictures should be worth many thousands of words.
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Paul Simon wrote that “a man sees what he wants to see and disregards the rest.”
How true is that?!
In behavioral economics parlance, this is known as confirmation bias whereby we look for confirming evidence while ignoring or not looking for that which might disconfirm what we believe.
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Gary Carmell
Posted in Advice, Economy, Investing, News, Trends, Uncategorized, Wealth
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I thought I would focus this week’s blog on things that have recently caught my attention in the news.
In Case You Missed It – In the News
• Starwood Purchase of $5.3 Billion of EQR Apartment Assets
In the Dire Straits song Industrial Disease,
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