“Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.”
-Albert Einstein
Waldorf Astoria Recent Sale Showing the Benefit of Long-Term Real Estate Ownership and Compound Interest
Another quick one this week given how busy a week it was.
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Gary Carmell
Posted in Advice, Economy, Interest Rates, Investing, News, Stock History, Trends
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From Obama
This post is a blatant application of hindsight bias. We all now know that when Barack Obama won the election and subsequently took office, the economy was melting down and the financial markets were in a free fall around the globe. To refresh your memory, there was the bailout of AIG by the Fed,
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Gary Carmell
Posted in Advice, Interest Rates, Market Bubbles, News, Stock History, Wealth
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[UPDATED – January 25, 2017] The DOW opened today above 20,000. The rally from 19,000 to 20,000 was one of the fastest in history. What do these numbers mean? We need to look back at the following from 2015 looking at the historical data.
Last week [August 2015] was one wild ride for stock markets around the world.
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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 Interest Rates, Investing, News, Stock History, Trends, Uncategorized, Wealth
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I am a huge fan of the Daily Shot. It is a daily composition of charts and interesting news clips that allow subscribers to get a very good feel for what is going on around the world in stock and bond markets,
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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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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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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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