Marc Andreessen said something in an interview that I have thought a lot about over the years. I have been a big fan of Joseph Campbell who was an expert on myths and deconstructing the hero’s journey into its most important components and structure.
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Gary Carmell
Posted in Advice, Apartments, Economy, Interest Rates, Investing, Wealth
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“When clouds appear, wise men put on their cloaks.” – Shakespeare
Hyman Minsky famously said that stability creates instability. Good times sow the seeds for bad times because people believe that stability will be the norm and growth will continue uninterrupted.
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Last week was one of those data weeks that corroborated the bond market’s view that the world is facing some strong economic headwinds. The news on the international front was particularly dismal with Chinese exports dropping by 20%, and German factory orders contracting as well.
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“Strangers stopping strangers
Just to shake their hands”
-Jerry Garcia & Robert Hunter
I recently went to listen to a Grateful Dead cover band at a local bar/restaurant. I was immediately impressed by how good they were and the joyous atmosphere they helped create.
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It was a year ago that Roneet and I, along with her parents went on a trip of a lifetime. We took a five-week cruise that stopped in 11 countries in Africa and Asia. I am so glad that we took that trip as we were able to spend such a glorious time together and I ended up with such beautiful memories and hundreds of pictures to remind me of our special time.
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In the melancholy song Black Peter, Jerry Garcia sings:
See here how everything
Lead up to this day
And it’s just like
Any other day
That’s ever been
This post is about a proud father acknowledging his daughter,
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A little while back I read an article by Ron Insana regarding New York luxury condos and how he believed that the top was in and the bubble was bursting. This is in conjunction with another article I read on Bloomberg.com about the weakening London luxury home market.
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Gary Carmell
Posted in Economy, Housing, Investing, News, Taxes, Trends, Uncategorized, Wealth
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Answers can only come after a question has been posed. Thus, formulating great questions is the first, and most important, step to growing one’s base of knowledge. As I have written in my book, the two most important questions I need the answers to in terms of our investments at CWS are:
What is going to happen to our Net Operating Income?…
This will be a relatively short post honoring a long life that was highly impactful.
The following chart shows a demand curve that, without much argument, we can point to one man for the explosive increase. It represents the percentage of assets dedicated to passive investing via index funds and Exchange Traded Funds (ETFs).
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It’s been a while since I have focused on the economy and interest rates so I will return to one of my periodic chart-o-ramas to try to capture some of the dramatic changes taking place in various markets and how investors have gone from embracing risk to shying away from it,
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