This was originally written Thanksgiving week 2015 when I thought I would do a little philosophical reflection. So much has happened over the last year and this blog means even more today. Over the weekend I announced the exciting news about The Roneet Carmell Center for Jewish Life,
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I had the pleasure of seeing Crazy Rich Asians last week. It was quite enjoyable and I very much recommend it. There is a scene in the movie that represents the clash of values between generations and cultures (Chinese and Chinese American) in which the matriarch criticizes her son’s Chinese American girlfriend for being fixated on the American obsession of happiness and wanting to be happy.
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One of the hallmarks of very successful people is the ability to say “No”. Of course, there are those people who say no because they don’t want to do the work or they are obstinate and sometimes don’t like being told what to do. I’m not talking about those types of individuals.
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Gary Carmell
Posted in Advice, Economy, Interest Rates, Investing, Trends, Uncategorized, Wealth
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“The spectacular rise in interest rates during the 1970’s and early 1980’s pushed many long-term market rates on prime credits up to levels never before approached, much less reached, in modern history. A long view, provided by this history, shows that recent peak yields were far above the highest prime long-term rates reported in the United States since 1800,
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Network effects are extraordinarily powerful. The more people that join the network, the more valuable it becomes to be part of the network, which leads to more people joining. Entrenched, valuable networks are very hard to dislodge and offer great competitive advantages. Think of Facebook,
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Gary Carmell
Posted in Economy, Interest Rates, Investing, News, Stock History, Trends, Wealth
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Not surprisingly, the Fed pulled the trigger and raised short-term interest rates by 0.25% for the first time since last December. I thought I would convey what I think are the most pertinent variables to be monitoring in the wake of the Fed tightening. I’m calling this blog post “See and Wait” as I will be showing many charts and opine on some of the ramifications but we will have to wait to see how it unfolds in the real economy.
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Gary Carmell
Posted in Economy, Investing, News, People, Trends, Uncategorized, Wealth
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I recently read about Tesla’s autopilot software update being able to look one and two cars ahead to determine if they are safe or at risk of an accident and, if so, this would then trigger the Tesla to slow down to avoid it.
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With over $6 trillion in global stock market losses in one week, it’s clear that investors have woken up to the real risk that the coronavirus is not contained, somewhat akin to the subprime crisis that Ben Bernanke famously said was and led to massive financial losses around the world.
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Gary Carmell
Posted in Economy, Housing, Stock Market, Trends, Uncategorized, Wealth
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I’m admittedly obsessed by pandemics. I’ve been listening to the course on the Black Death via the Great Courses, I was in China at the tail end of SARS in 2003 and was intensely focused on what life was like during that time there, and of course,
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CWS has a sister company that focuses on corporate housing. They provide temporary housing for business people, interns, long-term, special projects for companies, etc. I am one of the advisory board members and it’s been such a treat to see how the company has grown and prospered over its 25 years in business.
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