
The Philosophical Investor
Transforming Wisdom into Wealth
by Gary Carmell
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Pub Date Mar 17 2015 | Archive Date Mar 31 2015
Greenleaf Book Group | Greenleaf Book Group Press
Description
Living in Southern California, Gary Carmell has become very familiar with tectonic shifts: cataclysmic changes in the earth's crust that cause earthquakes and tsunamis.
Carmell has also experienced numerous tectonic shifts in the economic landscape in his nearly thirty-year investing career. Correctly anticipating economic trends has allowed his real estate investment and management firm, CWS Capital Partners LLC, to grow from assets of $250 million in the late 1980s to over $3 billion today.
CWS foresaw the collapse of manufactured housing in the late 1990s and anticipated a massive shift from homeownership to renting, prompting them to reposition aggressively for growth in apartment construction and management. Carmell feels special pride in the results his company's delivers for its investors, as a result—long-term average annual returns exceed 13 percent—even during the Great Recession of 2007–2009.
Navigating turbulent economic markets and experiencing his two-year-old son's near-fatal stroke has taught Carmell that real success requires not only financial acumen, but also deep reflection. He credits Shakespeare, Hume, and Schopenhauer as his mentors, with more modern sages like Buffett, Soros, and Munger also guiding his actions. In The Philosophical Investor: From Wisdom to Wealth, he shares the insights he has gained along the way in the hope of inspiring a new cadre of critical thinking investors.
Advance Praise
"The Philosophical Investor does a good job with some important topics: detecting patterns in events; controlling emotion; and recognizing the special moments that make for an exceptional investing record. It’s well worth reading."
- Howard Marks, Co-chairman of Oaktree Capital Management
"Only Carmell can infuse a deep and applicable understanding of investment philosophy by analyzing the words of Soros, Epictitus and REM. His calculated thoughtfulness in every real estate investment move has proven extremely profitable to me and my clients. As a wealth manager, I view Carmell's communications as valuable as he does Buffett's."
- Bob Tabor, VP of Richard P Slaughter Associates, Inc.
"Carmell presents a very compelling investment discipline based upon strong underlying principles. All investors can learn from his ability to draw valuable perspective from many areas, including philosophy, music, history as well as his own life experiences. One of the most important foundations for investment success is a thirst for knowledge and understanding - Carmell is the epitome of this."
- Timothy J Ballard, President, Buchanan Street Partners
Marketing Plan
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Online marketing campaign including targeted advertising and advance giveaways
Targeted trade advertising campaign
National trade marketing and sales campaign
Online marketing campaign including targeted advertising and advance giveaways
Available Editions
EDITION | Hardcover |
ISBN | 9781626341692 |
PRICE | $21.95 (USD) |
Links
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Business, Leadership, Finance, Nonfiction (Adult)