Blog Archives

How to Unify Countries – The Power of Sports

Unify Gary with Tribal Leader

With the World Cup having been completed this past weekend I thought I would tap into some interesting research about soccer and its ability to unify countries that are typically very tribal and fractious. I saw some of this firsthand during my recent trip to Africa where it was pretty evident that tribalism is very much alive and well.

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The Only Way Out Is Through – Lessons From Africa Applied at The Dead & Company Concert

There is a line from a Grateful Dead song that says:

I remember on our recent long sojourn to Africa and Asia there were a number of days when we are out on excursions and it was oppressively hot. The temperatures were close to 100° and the humidity was well over 50%.

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Creating Gifts that Keep on Giving

Gifts making Memories

35 years ago on the night of June 27th, a friend of mine and I slept on very uncomfortable concrete outside of Dane County Coliseum in Madison, Wisconsin. The catalyst for this was fear of missing out as we were intent on doing our best to position ourselves to secure a great location for the next night’s concert being put on by the Grateful Dead as all seats were general admission.

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What You See Is What You Get? LIBOR & The Flat Yield Curve

Under most economic environments longer-term debt instruments yield more than shorter ones. This is the case in order to compensate investors for risks related to purchasing power eroding and more uncertainty and volatility that can increase the probability of default (outside Treasuries). In addition, our banking system is based on banks accessing short-term deposits and being able to make longer-term loans and investments which necessitates longer rates being higher than shorter ones so banks can be profitable.

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Bond Market Skepticism & Emerging Market Carnage

I couldn’t stay away from interest rates for too long. Last week was very fascinating. There was a lot of news that should have been quite bearish for long-term bonds but instead, yields moved down by about 5 basis points for the week for the 10-year Treasury note.

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10-year Treasury Note & Argentina’s 40% Interest Rate – An Interesting Week

10-year Treasury note

What a difference one week makes. Last week I was concerned that the 10-year Treasury note yield had breached its previous cycle peak. I used some questionable, but fancy statistical analysis to justify that the peak I should really be worried about was 3.16% versus the previous cycle peak of 3.04%.

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So Much for That? Is The Floating Rate Still a Winning Bet?

So much for that-Bond Market Carnage

This is what I wrote in my blog of May 7th:

So up until this point having bet on floating rate has been a winning bet. The question now is whether it will be going forward. Before answering that,

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Growth and Stability – Apartments Will Never Be Obsolete!

CWS Apartment Communities - Growth

Last week we held our annual investor meeting and we had a record attendance of nearly 600 people (including employees). I told the audience that if we can grow our attendance by 7% every year that by the time we have our 100th annual meeting (this was year 49) then we should have over 11,000 in attendance.

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Singapore: It Wasn’t Easy Becoming Green

Singapore Going Green

Warren Buffett has said that people should read 500 pages a day if they want to compound knowledge at a very high rate. Along the same lines, Bill Gates reads at least one book a week to help satisfy his immense curiosity.

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Tariffs & The Wisdom of Grover Cleveland

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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