Gary Carmell
Posted in Apartments, Economy, Housing, Interest Rates, Investing, News, Retirement
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Warren Buffett’s 2014 Letter to Investors – The Power of Concentration
Warren Buffett’s Berkshire Hathaway’s stock price exceeded $200,000 per share for the first time in August 2014. The company was the world’s fifth most highly valued corporation in 2014 and dropped in 2022 to 6th place. The stock was propelled higher by record earnings (August 1,
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I recently visited London for meetings with insurers. This is the second year in a row I went for these meetings, and the third overall. In spite of the time and cost, I came away convinced that it was well worth it,
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Apartment Owners and the Benefits of an Economic Recovery
As apartment owners we are obviously very interested in the affordability and appeal of home ownership as it can compete directly with apartment demand. I recently came across a couple of interesting pieces of research from the Federal Reserve. While others might be enjoying Game of Thrones or other cutting edge television and entertainment I somehow find myself looking for cutting edge research related to housing,
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Strategic Planning – Asking the Important Questions
Since CWS was founded in 1969 the company has been far ahead of the curve by embarking upon strategic planning meetings once a year. The purpose of these meetings is to review what we did well, where we fell short and how we can learn from our mistakes and disappointments,
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June is the start of the North American hurricane season. So why did I reference the hurricane season? Not because of its impact on insurance rates, although we do follow them because costly years can affect the price of coverage the following year for property owners. I bring it up because I read an article citing a fascinating study that has some application to investing and the biases to which we’re all susceptible.
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There was a very interesting Forbes profile of Jeffrey Gundlach, the new reigning bond king. He’s the founder of DoubleLine Capital, which is now one of the pre-eminent money managers in the world focusing on fixed income investments. Gundlach is a brilliant and outspoken individual who doesn’t suffer fools easily.
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Labor Day is always a good time to reflect on people who love what they do. The recent passing of famed investor Julian Robertson at the age of 90 got me thinking about other legendary investors who also lived very long lives, including those still living.
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Gary Carmell
Posted in Economy, Housing, Interest Rates, Investing, News, Real Estate
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The evidence seems to be increasingly persuasive that economic growth is slowing materially. This is from the Economic Cycle Research Institute, which has a good track record of identifying turns in the business cycle. Its Weekly Leading Index is clearly showing a negative growth rate.
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The Supreme Court’s decision to overturn Roe vs Wade understandably elicited a huge wave of outcry (pro and con). One of the most controversial aspects of the decision was the seeming disregard for Court precedent and how it was perceived by legal experts to have been tossed aside.
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Gary Carmell
Posted in COVID 19, Economy, Housing, Interest Rates, Investing, Trends, Uncategorized
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There’s no question now that the Federal Reserve is in full hawkish mode. The release last week of the minutes of the previous FOMC meeting left no doubt that they are on an aggressive path to squelch inflation through demand destruction and tightening financial conditions.
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