Gary Carmell
Posted in Advice, Books, Economy, Investing, News, People, Uncategorized, Wealth
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I recently read Andrew Carnegie’s autobiography and found it so compelling that I’m going to focus the next few blog posts on some areas of insight and wisdom that I think all investors, business people, and wealthy individuals, in general, could benefit from.
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This blog post was inspired by one recently written by Dilbert creator Scott Adams. He is such a brilliant guy and was so right about Trump that I will forever hold him in the highest of esteem.
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First of all, kudos to the tremendous participation among Americans in the electoral process. This election galvanized Americans into participating in the democratic process. Love or hate Trump; there is no question that he is a catalyst for stirring emotions and action.
It was fascinating to see how markets reacted as information was released related to the election.
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As some of the readers of my CWS writings know, I’m a big music fan. I particularly enjoy using rock and roll lyrics to convey important points. I thought I would have some fun and share with you some of my favorite Investable Lyrics that I find myself quoting every now and then and why I find them relevant,
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Gary Carmell
Posted in Economy, Interest Rates, Investing, Trends, Uncategorized, Wealth
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Fiscal stimulus has now started to contract while the Fed’s monetary support for the economy has tightened quite significantly over the last three months. See what the following charts show:
The following is from The Washington Post and shows how significant the support for the unemployed has been and how it will drop materially if no stimulus package is passed.
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A couple of weeks ago, I had the pleasure of traveling to Alaska for a small CWS planning meeting on a private boat. To enter Alaska without being quarantined, one had to prove he or she tested negative for COVID, which fortunately I did.
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Howard Marks, the billionaire co-founder of Oaktree, is considered to be one of the world’s most thoughtful and successful investors. He is famous for his lengthy and well thought out memos articulating his deep thinking and how it applies to investing. He is particularly interested in and astute about risk and how to manage it.
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Over the past year or so I’ve been writing a lot about tennis and how it has taken on greater importance as it has enriched my life in many areas. It has improved my health, particularly my endurance, it’s been a catalyst for creating new relationships,
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Gary Carmell
Posted in Advice, Economy, Interest Rates, Investing, Manufacturing, News, Retirement, Stock History
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It’s pretty clear that Donald Trump views virtually everything from the prism of winning and losing. And every issue is looked at with a very short term horizon. There does not appear to be any satisfaction derived by developing a long-term strategy, methodically implementing it, and seeing the seeds planted blossom into a beautiful garden that is sustainable and beneficial to all.
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Successful investing requires so much emotional and psychological fortitude. The analytical part is oftentimes the easiest aspect. Managing ourselves is what is typically most challenging. We are triggered by fear and greed and traumas of past mistakes that can lead to suboptimal outcomes. For this reason,
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