“A lot of companies have chosen to downsize, and maybe that was the right thing for them. We chose a different path. Our belief was that if we kept putting great products in front of customers, they would continue to open their wallets.”
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Blog Archives
Hitting the Wall? Is The Fed About to Make a Mistake?
by 
Gary Carmell
Posted in Advice, Economy, Interest Rates, Investing, Stock History, Trends, Wealth
No Comments ↓
Gary Carmell
Posted in Advice, Economy, Interest Rates, Investing, Stock History, Trends, Wealth
No Comments ↓
With last week being dedicated to a much-enjoyed vacation, I thought I would let pictures do more of the talking this week.
Not surprisingly, the Fed increased its benchmark rate by 0.25%. The market fully priced this in. What is more surprising is the Fed telegraphing two more hikes in 2017 and commencing a slow reduction in its holdings of Treasuries and mortgage-backed securities beginning at the end of the year.
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Deep Domain Knowledge - Finding Your Calling
by Gary Carmell
Posted in Advice, Economy, Investing, News, People, Personal, Uncategorized, Wealth
2 Comments ↓
Gary Carmell
Posted in Advice, Economy, Investing, News, People, Personal, Uncategorized, Wealth
2 Comments ↓
A few weeks ago I referenced Bob Dylan’s recommendation that we find our calling. I saw this in action last week and had this supplemented by some of the things I read. I had the pleasure to go to Philadelphia to attend the graduation of my niece from the University of Pennsylvania where she was awarded a Ph.D.
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Shifting Into Reverse - Where is The Auto Market Headed?
by Gary Carmell
Posted in Economy, Interest Rates, Investing, News, Trends, Uncategorized, Wealth
1 Comment ↓
Gary Carmell
Posted in Economy, Interest Rates, Investing, News, Trends, Uncategorized, Wealth
1 Comment ↓
Auto sales have been one of the real bright areas of the economy ever since the “Cash for Clunkers” program ended and sales dropped back down to recessionary levels. The following chart shows how they have grown by approximately 100% from trough to peak.
Auto Sales
Unfortunately,
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How Strong Are Older Families' Financial Report Cards?
Last week I discussed research showing the correlation between wealth and education. The Federal Reserve followed up with additional research about wealth and demographics, the subject of this post. More specifically, wealth and age. Not surprisingly, the older a household is the more wealth has been generated since people have had more time to save and invest.
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It's Got to Get Better in a Little While...Or Does it?
by Gary Carmell
Posted in Apartments, Economy, Interest Rates, Investing, News, Wealth
No Comments ↓
Gary Carmell
Posted in Apartments, Economy, Interest Rates, Investing, News, Wealth
No Comments ↓
Jamie Dimon and Ray Dalio have both come out and said that despite America being such a strong country and performing well economically, not all is right when looking under the hood.
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You Gotta Serve Somebody - Who is the Fed Serving?
by Gary Carmell
Posted in Advice, Economy, Interest Rates, Investing, News, Stock History, Uncategorized, Wealth
2 Comments ↓
Gary Carmell
Posted in Advice, Economy, Interest Rates, Investing, News, Stock History, Uncategorized, Wealth
2 Comments ↓
Bob Dylan said, “You gotta serve somebody.” The Federal Reserve is no exception. The Fed has the mandate to use its policy tools granted to it by Congress to help achieve full employment, stable prices, and moderate long-term interest rates (most people are not aware of the third mandate).
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I Don't Buy It So I'm Selling It
by Gary Carmell
Posted in Economy, Interest Rates, Investing, News, Uncategorized, Wealth
2 Comments ↓
Gary Carmell
Posted in Economy, Interest Rates, Investing, News, Uncategorized, Wealth
2 Comments ↓
I probably should have written this two weeks ago but I wanted to finish my Munger trilogy. I dislike when hindsight bias is used and prefer when people tell me when they are going to do something or just did and the reasons for it so that the decision can be evaluated objectively.
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Man Up! Munger On The Benefits Of Diversifying Investments
by Gary Carmell
Posted in Economy, Investing, News, Stock History, Uncategorized, Wealth
No Comments ↓
Gary Carmell
Posted in Economy, Investing, News, Stock History, Uncategorized, Wealth
No Comments ↓
This is the last in my three-part series excerpting what were the highlights for me from Charlie Munger’s extemporaneous comments and responses to questions at the Daily Journal shareholders’ meeting. Most financial professionals recommend diversifying your investments to avoid being wiped out financially and/or emotionally.
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From Proust to Proctologists - Charlie Munger on Personal Development
This week I continue with lessons learned from Charlie Munger and the answers he gave to shareholder questions at the Daily Journal annual meeting held in February. Last week I focused on delayed gratification and this week I will turn to his thoughts on personal development.
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