On my recent trip, I visited 10 countries in Africa and Asia. My last destination was Singapore. I had been there in 1999 and remember how impressed I was with the city-state then and departed this time even more so. Singapore became an independent state after being kicked out of the Malaysian Federation in 1965.
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One of the premises of my book is that wealth goes far beyond the financial realm. A future blog post will discuss this in more detail. With the new year approaching this, is the time of year when many people make resolutions for the year ahead. I thought I would illuminate some very interesting research about money and happiness that may help influence readers in terms of what to focus on when it comes to their resolutions.
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I am always interested in knowing who greatly influenced individuals I admire. For Larry Page of Google fame, it was Nikola Tesla. Charlie Munger’s hero was Ben Franklin. Ben Graham was Warren Buffett’s mentor and hero. Two intellectual giants that have influenced me in addition to Charlie Munger have been Arthur Schopenhauer and Peter Drucker.
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The tariff debate and controversy seems to be escalating and has been leading to tremendous stock market volatility. Whenever there is such a heated topic that catalyzes strong emotions I like to take a step back and find ways to drown out the cacophony. One of the ways I do this is to ignore today and look to history to see what I can learn from the past.
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“It did not really matter what we expected from life, but rather what life expected from us. We need to stop asking about the meaning of life, and instead to think of ourselves as those, who were being questioned by life-daily and hourly. Our answer must consist,
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I recently returned from a vacation that took me to 10 countries in Africa and Asia. Over the next few weeks, I will write about some of my observations and lessons learned from such an interesting and educational adventure.
For this week,
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As property values have escalated greatly in major cities, particularly with a tech orientation, I ask myself if secondary markets make more sense as the cost of living is cheaper and yields are initially higher. The tradeoff historically has been far less growth potential and lower appreciation.
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I am an avid reader and always on the lookout for interesting information and trends that might spark some kind of insight with regard to economic, financial, or societal trends. I thought I would share a few graphics that caught my attention recently. These are in no particular order.
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Gary Carmell
Posted in Advice, Market Bubbles, News, Stock History, Trends, Uncategorized, Wealth
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With the subprime-induced global financial meltdown of 2008 and 2009, along with the dotcom implosion in the early 2000s resulting in the NASDAQ dropping by approximately 80%, it’s not surprising that most investors are constantly on guard against the bursting of bubbles and crashes ensuing. If one takes a step back,
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Chinese Lending Practices
I am reading with some fascination the incredible excesses that have been taking place in China with regard to terrible lending practices and widespread fraud. The unregulated banking system is clearly running amuck in China. Here is a very interesting link from Mish’s Global Economic Trends highlighting the massive problems unfolding with regard to loan guarantees not to being honored.
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