Last week I discussed the horrific explosion in Beirut. This week I’m staying in the Middle East and will focus on the big news that Israel and the United Arab Emirates have agreed to establish formal diplomatic relations. And while there were many indications over the last couple of years that the two countries were not only starting to cooperate but developing ever closer relations,
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What happened in Beirut was absolutely horrific. As the graphic above shows, it is considered to be the most powerful non-nuclear explosion in history. To put the power of the blast in context, the Oklahoma City bombers used two tons of ammonium nitrate while Beirut’s ignited approximately 2,750 tons!
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I slept and dreamt that life was joy.
I awoke and saw that life was duty.
I worked—and behold, duty was joy.
-Rabindranath Tagore
“Life is not something,
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Successful investing requires so much emotional and psychological fortitude. The analytical part is oftentimes the easiest aspect. Managing ourselves is what is typically most challenging. We are triggered by fear and greed and traumas of past mistakes that can lead to suboptimal outcomes. For this reason,
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With July 4th having just passed I thought it would be inspiring to talk about inspiration. The United States is unique because it is a nation founded on inspired ideals versus population characteristics and geography. These ideals are centered around life, liberty, and the pursuit of happiness as well as the notion that all men are created equal.
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Gary Carmell
Posted in Economy, News, People, Personal, Travel, Trends, Uncategorized, Wealth
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Socrates said that “wonder is the beginning of wisdom.” In my book, I talk about the importance of wonder in the context of leading a fulfilling, meaningful, and interesting life. One of the best ways to keep wonder alive is to get outside of our normal environment and travel.
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I can’t say I’m surprised that states that had itchy trigger fingers to reopen (e.g. Texas, Arizona, Florida) are seeing a surge in new COVID-19 cases and a higher positivity rate among those tested. The following graph from the Wall Street Journal shows how the number of new cases is hitting a new peak after having come down.
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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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Turning and turning in the widening gyre
The falcon cannot hear the falconer;
Things fall apart; the centre cannot hold;
Mere anarchy is loosed upon the world,
The blood-dimmed tide is loosed,
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