55: The Philosophical Investor with Gary Carmell

#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.

Resources:

Book: The Philosophical Investor: Transforming Wisdom into Wealth by Gary Carmell.

Gary’s website: GaryCarmell.com    Company website: www.cwscapital.com

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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