One of the things I’m constantly reminded of from playing tennis is the power of consistency. If you can play each facet of the game reasonably well, you don’t have any glaring weaknesses, and you have the anticipatory skills and speed to have effective court coverage,
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Last week there were two notable events for me. The first was watching the extraordinary Wimbledon Final between Novak Djokovic and Carlos Alcaraz, and the second was my 36th anniversary at CWS. In Judaism, the number 18 is a lucky number because it is connected to life in Jewish numerology.
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I had the great privilege to attend the French Open at Roland Garros on June 4th. We saw two women’s matches and one men’s match involving Novak Djokovic. This was the first time I saw Djokovic play in person, so I was really happy we had tickets on the day he was playing on center court.
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With the exception of writing about interest rates. I do make a concerted effort to have content on my blog be fresh and try to avoid repetition. With that being said, however, there is only so much one can write about that is novel and insightful.
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There is overwhelming evidence that the higher the educational attainment one has the more one will earn in his or her lifetime. Is there a correlation between the educational attainment of the parents and their kids? Recent Interesting research carried out by the Federal Reserve shows this is clearly the case and quantifies this as the following chart shows.
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“A lot of other people are trying to be brilliant and we are just trying to stay rational. And it’s a big advantage.”
~ Charlie Munger
The Roadmap to Concentration
Continuing with some important takeaways from Erich Fromm’s The Art of Loving,
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This week is the 10th anniversary of my website going live, and during this decade, I have fortunately been able to write a blog each week without interruption. It has helped me become more observant and focused while on vacations knowing I will write about some of them while away.
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As this chart shows, the yield continues to invert with 3-month Treasury Bill yields substantially higher than 10-year Treasury Note yields.
As I wrote about previously, Fed Chairman Jay Powell discounted traditional yield curve indicators such as the differential between 10s and 3-month T Bills and 10s and 2-year Treasury yields.
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Gary Carmell
Posted in Economy, News, Personal, Travel, Trends, Uncategorized, Wealth
3 Comments ↓
This is one of those weeks where I don’t have anything pressing I feel I need to convey or work through to gain clarity so I thought I would share some random thoughts related to the coronavirus, surveying data, economic reports, and health tip.
Coronavirus vs.…
Like many people who have had long careers and experienced the inevitable ups and downs that go with any long-term venture, I often reflexively respond to those asking for life-changing advice by telling them to do what you love. Actually, it’s more do what you’re passionate about,
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