With the baby boomers starting to descend down the other side of the hill with millions soon following, retirement planning has understandably become not only very important but big business as well. Most of what future retirees and financial advisors focus on are how to prepare financially so that not only can people have the choice to retire but once they do they don’t outlive their money.
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I ended last week’s blog stating that I would focus on discussing purpose from a personal standpoint. Over the last few months, I have been interacting with Copilot about this topic and other personal and philosophical queries. One of the key concepts that has emerged from those interactions is how central human flourishing is to how I live my life.
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“Freedom is just another word for nothin’ left to lose.”
– Kris Kristofferson “Me and Bobby McGee”
I hope you had a wonderful end of 2025 and start to 2026.
Like most people,
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Wisdom from Warren Buffett
“Fear is the foe of the faddist, but the friend of the fundamentalist.” (1994)
“A climate of fear is their best friend. Those who invest only when commentators are upbeat end up paying a heavy price for meaningless reassurance.”
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This week’s blog post continues with the second half of the summary of Free Play: Improvisation in Life and Art by Stephen Nachmanovich. Every creative person is constantly faced with obstacles that get in the way of their productivity. And these can be brutal.
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Gary Carmell
Posted in Advice, Economy, Interest Rates, Investing, News, Uncategorized, Wealth
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A blog for the curious skeptic –
There’s nothing new under the sun
(or at least very little)
I’m a big fan of newspaperarchive.com. I have a rather anti-social hobby of often going back and reading old newspaper articles. Occasionally I come across some worth sharing. The following is one written on March 18,
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I am fascinated by mastery and people who have honed their craft to become masters. I have read a number of books and articles on the subject. I have personally tried to approach my career at CWS and my interests in life from the perspective of a mastery mindset.
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Gary Carmell
Posted in Economy, Interest Rates, Investing, News, Real Estate, Stock History, Stock Market, Uncategorized, Wealth
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Note: I was so absorbed in writing this blog while waiting for my connecting flight home at the Phoenix airport that I only realized after it was too late that I was at the wrong gate and that my flight was changed to a different gate in another terminal.
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Last week was a very bad week for the bond market, with some reprieve on Friday after a better-than-expected inflation report. This is a 5-day chart for the 10-year Treasury. Yields shot up by 0.20% after the Fed cut rates on the 18th and in the aftermath of Jay Powell’s press conference.
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I felt a little foolish posting this late after the August 2014* announcement that Steve Ballmer was buying the Clippers for $2 billion since I first wrote this draft in the aftermath of the whole Donald Sterling racist diatribe people thought he would “only” get $500 million or so.
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