For this week I was originally going to continue my analysis of interest-rate cycles since last week, I looked at increasing interest rate cycles and I was intending to look at decreasing cycles this week. In light of the widely reported and fairly startling suicide of Kate Spade and now Anthony Bourdain,
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Charlie Munger can be extremely loquacious as he is one who loves to pontificate and definitely has something to say. He also knows when to stay quiet. When he and Warren Buffett hold court at Berkshire Hathaway’s annual meeting and a question is asked of Buffett and after answering it he turns to Charlie and asks him if he has anything to add.
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Risk comes in all forms and fashions and it’s a real talent to identify risk. Howard Marks, Chairman of Oaktree Capital Management and who was kind enough to write a testimonial for my book, is perhaps the foremost expert at identifying different types of risk and assessing it.
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And all the roads we have to walk are winding
And all the lights that lead us there are blinding
-Wonderwall by Noel Gallagher (for Oasis)
I saw a double bill of Noel Gallagher (formerly of Oasis) and Smashing Pumpkins last week.
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Gary Carmell
Posted in Economy, Interest Rates, Investing, News, Stock History, Uncategorized
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Most real estate investors deploy their capital in this asset class because of the income it can generate. This is very much the case for those investing with CWS. Since 1991 CWS has sold 79 properties**. Approximately half the return has come from dividends and the other half from appreciation*.
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[Originally Published October 20, 2014] There is sure a lot going on in the world and the headlines are not pretty causing many to worry. As a lover of great music and particularly poetic, moving, and interesting song lyrics, I like to use songs from time to time to help bring insight,
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According to management guru Peter Drucker, one of the greatest traits a business leader can have is intellectual honesty. This is the ability to see the world as it is and not as you want it to be and then to act accordingly. This applies equally as well to great investors like Warren Buffett and Charlie Munger.
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Gary Carmell
Posted in Economy, Interest Rates, Investing, News, People, Stock Market
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The title of this blog is from the Talking Heads song Life During Wartime. Maybe I should have called it Life During Quarantine instead but we are definitely on a wartime footing. If you don’t think so then maybe these charts might help convince you as financial markets are the most real-time indicator of investor sentiment and discounting the future to ascertain how investors react to key events.
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My international travels were scheduled to come to an end yesterday. I’m writing this prior to my arrival and assuming that there will be no delays in my return. It was a packed adventure that ended in Israel after visiting Dubai, Abu Dhabi, and Zambia via Lusaka,
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We’ve talked a lot about the advent of the Renter Nation at CWS for a number of years. When the housing bubble was in full force we used to say that people were renters but they didn’t know it because they had no equity in their homes due to the very aggressive financing that was available at the time.
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