Fri, 30 October 2015
#55: Gary Carmell, author of “The Philosophical Investor: Transforming Wisdom Into Wealth”, is our guest today.
Gary discusses how you think about investing, interest rates, and monetary policy.
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Listen to this week’s show and learn:
01:32 A frustrated GRE listener in the Netherlands gives programming feedback.
08:11 Most real estate is a bad investment. Maverick Investor Group’s 2015 report excerpts.
13:16 Interview: Gary Carmell, author of The Philosophical Investor: Transforming Wisdom Into Wealth.
16:21 An example of transforming wisdom into wealth.
17:43 Investors get discouraged at exactly the time they should be buying.
19:56 In investing, discipline and courage often trump hard work and intelligence.
21:53 “The Munger Moment.”
24:00 You never know when a market is at the high or the low.
24:59 Real estate investing is a game of attrition.
27:18 Does Gary see a better investment class than Keith’s preferred investment?
30:14 Why institutional RE investor groups buy low yield, Class A properties.
32:46 Cap rates. Recency bias. Interest rates.
34:48 Inflation vs. Deflation.
37:08 Demographics. An aging population’s effect on world economies.
39:14 QE vs. interest rate hikes.
40:19 LIBOR and variable interest rate loans for real estate.
44:24 Arbitrage creation.
Book: The Philosophical Investor: Transforming Wisdom into Wealth by Gary Carmell.
Maverick Investor Group’s report, “How To Avoid The 7 Biggest Mistakes Investors Make In The 2015 Boom Cycle” authored by Matthew Bowles.
MidSouthHomeBuyers.com or call (901) 217-4663 for Top-Notch Turnkey Rental Properties.
NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Turnkey Cash-Flow Investment Property.
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