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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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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Steve Schwarzman is the co-founder and Chairman and CEO of Blackstone, which is the largest alternative asset management firm in the world. Schwarzman has built a financial colossus and extraordinarily successful asset management firm that is by far the global leader in alternative investments.
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In David Bowie’s song Changes, the protagonist tells himself to “turn and face the strange”. Change is inevitable and in order to drive change or adapt to it, one has to go outside of the comfortable and familiar and take risks.
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I want to continue focusing on books that resonated with me. A while back I was doing a mental exercise and thinking about some of my most memorable experiences. I was trying to determine if there was some sort of common thread weaving throughout all of them.
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Gary Carmell
Posted in Economy, Housing, Investing, News, Taxes, Trends, Uncategorized, Wealth
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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?…
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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The fact that I’m not going to spend much time on this chart must mean that I still feel the need to release things deep within my subconscious with regard to the loss of Roneet.
While rates were rising I wrote a few times that I was perplexed that they were doing so given the headwinds of tariffs and increasing tension with China,
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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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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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