Gary Carmell
Posted in Economy, Interest Rates, Investing, News, Trends, Uncategorized, Wealth
No Comments ↓
Warren Buffett and Bill Gates were interviewed recently to discuss why they are both so optimistic about the future of America as well as other issues. Naturally, one of the topics covered was philanthropy as Gates and Buffett are leading the charge with regard to the Giving Pledge and the two have given more money away than other people in the world.
…
“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.
…
Gary Carmell
Posted in Advice, Economy, Interest Rates, Investing, News, Stock History, Trends
No Comments ↓
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,
…
I have often made the case that apartments and home rentals are highly valuable because of the flexibility they provide people to move for whatever reason. Housing became way over-owned in the 2000s and this did great damage to our economy and society. I finally came across some interesting research that explored how damaging it was for underwater homeowners in terms of limiting their geographic flexibility to seek out employment and how this impacted their long-term earning power.
…
With the college football NCAA National Championship game taking place on January 9, 2017, I thought it would be apropos to write about a fascinating study about how emotions can negatively impact people’s lives when decisions are made. The paper is called Emotional Judges and Unlucky Juveniles.
…
Gary Carmell
Posted in Economy, Interest Rates, Investing, News, Psychology, Trends, Uncategorized, Wealth
1 Comment ↓
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.
…
“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.
…
Gary Carmell
Posted in Economy, Interest Rates, Investing, Market Bubbles, News, Stock History
No Comments ↓
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.
…
Gary Carmell
Posted in Interest Rates, Investing, News, Stock History, Trends, Uncategorized, Wealth
No Comments ↓
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,
…
Gary Carmell
Posted in Economy, Interest Rates, Investing, Market Bubbles, News, Stock History, Trends
No Comments ↓
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.
…