Blog Archives

The Skyscraper Indicator - Is the Luxury Home Bubble Bursting?

skyscraper-indicator

A little while back I read an article by Ron Insana regarding New York luxury condos and how he believed that the top was in and the bubble was bursting. This is in conjunction with another article I read on Bloomberg.com about the weakening London luxury home market.

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One Mis-Step Away - Answers Come After the Question is Posed

Question

Answers can only come after a question has been posed. Thus, formulating great questions is the first, and most important, step to growing one’s base of knowledge. As I have written in my book, the two most important questions I need the answers to in terms of our investments at CWS are:

What is going to happen to our Net Operating Income?

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The Growth of Passive Investing - It Will Bogle the Mind

Jack Bogle

This will be a relatively short post honoring a long life that was highly impactful.

The following chart shows a demand curve that, without much argument, we can point to one man for the explosive increase. It represents the percentage of assets dedicated to passive investing via index funds and Exchange Traded Funds (ETFs).

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A Return to Charts - Focusing on Interest Rates and the Economy

charts

It’s been a while since I have focused on the economy and interest rates so I will return to one of my periodic chart-o-ramas to try to capture some of the dramatic changes taking place in various markets and how investors have gone from embracing risk to shying away from it,

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Handshakes to Hugs - Between a Laugh and a Tear

handshake to hugs

I was planning on writing about Apple’s announcement that they were making a huge investment in Austin, as well as the material, slow down taking place in China and how that is impacting global economic growth. But then, the combination of reflecting on a conversation I had with a friend/mentor/business advisor and a quote my daughter texted me led me to abort and return to the subject of healing,

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Kindness - It Can Be Contagious

kindness

My intention was to make a clean break this week and the transition from mourning the loss of my wife Roneet to discussing more economic and business-related issues. But honestly, I found that I’m not mentally and emotionally in that place right now. As a result,

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Grief - What Is It Good For? and Lessons From Two And a Half Men

grief Gary Carmell Roneet Carmell

First of all, I would like to thank everyone that has expressed their condolences, sadness, thoughts, and feelings about the loss of my beautiful wife Roneet. The outpouring of support and emotion has been extraordinary and so gratifying and, at the same time, quite understandable because of what a very unique and special person she was.

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The Power of Partnerships - When 1+1=3

Here is another one of my periodic videos that I made to convey some of the key points of my book. This one conveys the power of partnerships. Enjoy!

[Video Transcription ] In my book, The Philosophical Investor Transforming Wisdom into Wealth,

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The Economy, Charlie Ellis and Lessons from Losing at Ping Pong

Ping Pong Economy
In May of 2015, when Jacob was scheduled to move out, I wrote this blog. His moving out was good for the economy as it results in one more household formation which, fortunately, has been growing quite nicely.

[2015] On the other hand, I will miss him although he won’t be moving too far away.

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China and a New Cold War - Prioritizing National Security over Business and Investors

China Cold War

In some ways, I can understand investors looking through the threat of tariffs on multiple fronts by President Trump as just his standard negotiating tactic to strike a better deal. Despite very derogatory statements directed towards our strong allies and trading partners of Canada,

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