A lot of people have become quite successful from a career and financial perspective by seeming to always have a chip on their shoulder. There was some slight, insecurity, or need for total dominance that feeds the creation of enemies to fuel their drive and success. I have been listening to Michael Ovitz’s autobiography on Audible and this was clearly the case for him as his goal at CAA was total domination of the agency industry.
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Gary Carmell
Posted in Economy, Investing, Market Bubbles, News, Trends, Uncategorized, Wealth
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I have written before about how investors overestimate the probability of extreme negative outcomes. The author of the study I referenced in that blog post has teamed up with his famed Yale colleague Robert Shiller and another professor and published a new working paper called Crash Beliefs from Investor Surveys.
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The following are the remarks I gave at the inaugural lecture that was held at the University of California, Irvine on May 23rd, 2019.
I want to thank you for coming out tonight for this event. It really means a lot to me as this is such a personal cause.
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A few very insightful tweets came out of a very unexpected place after the Bank of Japan waded into the waters of negative interest rates. It was from none other than Jose Canseco, the former home run king, wrestler, and iconoclast. This is what he had to say courtesy of Business Insider:
He is pretty much spot on in asserting that negative interest rates have a deflationary impact.
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From time to time Ariella and I engage in some very deep conversations which I always find so enjoyable and stimulating. In light of these interesting discussions, she thought we should consider having a podcast and call it Pop Philosophy. Maybe this will launch a new category called popcasts.
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It was my great pleasure and honor to attend my daughter’s high school graduation last week. It was such a beautiful and moving ceremony and a tremendous accomplishment for her. She truly gave blood, sweat, and tears to get to this point. The ceremony was steeped in tradition as she graduated from a girls school that was founded in 1889.
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With the holidays coming up, I thought I would focus on a more personal blog entry this week, especially as this was a special week for our family. In my upcoming book The Philosophical Investor: Transforming Wisdom into Wealth (March 17, 2015 publication date) I discuss the power of partnership and how one plus one can really add up to more than two.
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As the following headline shows, interest rates fell quite sharply on Friday to current cycle lows in the wake of a very weak non-farm employment report.
One can see how inverted the 10-year Treasury note yield has become versus the 3-month T-bill yield in the following chart.
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Jeff Chimenti is a highly accomplished keyboard player who has played with Grateful Dead spin-off bands to great acclaim for a number of years. His background is in jazz and he embarrassingly admits that he never heard the Grateful Dead’s music until he joined Grateful Dead member Bob Weir’s solo band Ratdog.
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Thoughts on the Nature of Mass Movements
While I usually try to avoid controversial subjects because of the emotions that can be stirred, I do feel the need to address the horrific events that took place at in France this week with the slaughter of a dozen people at Charlie Hebdo,
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