November 23, 2014

Most Recent Post

Mount Olympus Awards Letterman Jackets Machines

Varsity Letter Manufacturing and Dragon Age Inquisition

My posting schedule has fallen behind because it’s crazy around here.  Three of my younger siblings have birthdays this week (three of the four Kennon children are now 30 years or older, which is an odd thought), I’m going to visit my grandmother several hours away, I’m swamped at the office since this is our […]

Il Lazzarone Pizza St Joseph Missouri

You Should Try the Wood-Fired Italian Neapolitan Pizza at Il Lazzarone

We met up with friends at a new wood-fired Italian Neapolitan pizza restaurant that opened 45 minutes north of Kansas City called Il Lazzarone.  This is the same group with which we regularly try new restaurants, though I’ve been terrible about posting them all over the years.  We sat inside for hours talking about everything from economics, rental […]

Obamacare Premiums Unaffordable

I Just Saw the Obamacare Health Insurance Premium Estimates … God Help the Middle and Lower Classes

Out of curiosity, I ran the numbers for the health care premiums on the upcoming Obamacare enrollment period as if Aaron and I were two regular people, looking for health insurance in the general market.  The results are insane; completely, totally detached from reality.  This means that now, not only do we here in the […]

Charitable Index Funds

Mail Bag: Do You Still Hold Index Funds in Your Charitable Foundation?

It’s been a long time, but here’s an update on the charitable foundation … Mr. Kennon, Unless I missed it, I believe it has been many years since you talked about your foundation (foundations?) and the passive investment approach you use for it/them.  Do you still buy index funds?  Has anything changed?  I enjoy hearing […]

Nestle Dividend History and Trendline 1982 to 2013

November Is for Buying More Nestlé Shares

It’s been a long time since I’ve talked really about Nestlé SA other than mentioning it in passing last week.  It’s on my mind because this morning, I had my parents acquire some more in their personal portfolios, which I intend for them to hold for the remainder of their lives (which should be at […]

Gratuitous Transfers Wills Intestate Succession Future Interesta nd Estate and Gift Taxation American Casebook Series West Fifth Edition Cover

Is It Moral for Society to Protect Spendthrift Trust Assets from Tort Claims?

I told you two nights ago, in a post about digital price tags and retailing, that one of my cousins was getting married yesterday.  On the drive to the ceremony, I was reading a book I bought sometime in the past few months (I can’t remember when or where I purchased it – it just showed […]

Digital Price Tags

Are Digital Price Tags the Future of Retail?

A cousin of mine is getting married tomorrow.  Aaron and I were out shopping for the wedding gift, coordinating with other members of the family on the phone to decide if we should all get separate gifts, combine certain gifts to get something much nicer, or what.  We ended up going to Kohl’s and settling on […]

Polygamy in the United States

Mail Bag: Do You Think Polygamy Will Be Legalized in the United States?

Over the past few years, I’ve received a lot of questions about the role of polygamy in American society and, in some cases, whether I think it will ever return and whether I think it should be legalized following its restriction in the 19th century.  Since I’m working on several other mail bag responses I’m about […]

Grocery Store Tomatoes

We All Won the Lottery (Yet People Still Think the World Is Going to Hell)

I’ve been busy with family stuff lately, and, as part of that, taken several trips to the grocery store over the past few days.  I was standing in the produce section looking at the fruits and vegetables when I experienced a sense of awe.  It’s a human tendency to take for granted the things into which one […]

Niece Birthday Kennon

It’s Been Two Weeks of Birthday Parties and Cakes

Both of us have eaten more cake in the past ten days than we have in longer than we can remember.  We attended a birthday party for our niece, who turned seven years old this month.  That is something I find hard to believe because it seems like yesterday I was posting about her 3rd birthday […]

McDonalds National Labor Relations Board

For the Second Time This Year, I Added More Shares of McDonald’s to the KRIP

After writing about buying British stocks for the KRIP, particularly Diageo, I thought I should mention that I picked up some more McDonald’s shares for that particular portfolio as part of the same set of trades.  The hamburger giant reported a much bigger than expected 30% plunge in earnings as a result of maelstrom of woes that has […]

Diageo plc Shares KRIP

The KRIP Has Gone British

I’ve spent the past week reviewing, analyzing, and modestly adjusting the household portfolios (including the KRIP portfolio), as well as the investments under my control for friends and family.  I ended up executing several rounds of buy orders using fresh cash deposits, dividends that had piled up over the past quarter, and sales of positions that had […]

Joshua Kennon Assembling Bibimbap

We Had Our First Korean Bibimbap Last Night

We made Korean Bibimbap for dinner last night as we sat down to watch more episodes of Let’s Eat but I’m just now going through the pictures, a day later.  Although, technically, it was slightly less than authentic because our local supermarket didn’t have any bean sprouts!?  (How is that even possible?)  The produce guy knew […]

GT Advanced Technologies

Case Study: Read a Group of Stockholders Realize In Real Time They’ve Lost Their Entire Life Savings When GT Advanced Technologies Declares Bankruptcy

Are you in the mood for a case study resource for your own investment policy manual?  If so, brace yourself because this one is heartbreaking.  You can learn a lot from it, and save your own family a great deal of tragedy, but it’s going to involve surveying the ruins of the lives of others […]

Standard Life Demutualization

The Standard Life Insurance Demutualization (Or How 72,000 Former Policyholders in the United Kingdom Are About to Forfeit £113,000,000 in Unclaimed Stock and Cash)

Imagine you have a policy with an insurance company.  This insurance company is mutually run, which means there are no stockholders.  Instead, the policyholders own the business and the enterprise is managed to give policyholders the best service, at the lowest possible price, as a cooperative undertaking.  Now, imagine that one day, the policyholders’ representatives […]

Bank Delinquency Ratio

Consumer Delinquencies on Bank Debt Fall to Record Low

You already know from the tri-annual Federal Reserve report released last month that median household debt in the United States has declined by an incredible 20% over the past three years.  Some Americans might be struggling but they are taking their spare cash and paying off their liabilities in record amounts. That reality is starting to show up in […]

Even More Posts

Maangchi Spicy Pork Dwaejigogi-bokkeum

A Korean Spicy Pork Stir Fry Recipe for the Brave

Being a cold, rainy, October Sunday, we stayed at home, wrapped up in a sweater and blanket, working on our respective projects.  Aaron wanted to give Maangchi’s Spicy Stir-Fry Pork, or Dwaejigogi-bokkeum 돼지고기볶음, a try, and I’m always up for a new Korean recipe, especially one from her since the Dakgangjeong we made for my […]

Aaron 18 Years Old

A Personal Message of Thanks (and a Throwback Thursday Gift to Those of You Who Were Unaware We Are Married)

I’ve tried to keep some semblance of privacy around my life since the blog audience has grown but, for a brief moment in time, I’m going to suspend that rule and write to you like I would have circa 2009 when it was mostly just Aunt Donna and a few other readers.  Being so exposed makes me […]

Disneyland Carnation Cafe Baked Potato Soup

Cooking with Lard and the Carnation Cafe at Disneyland

My earliest memories in life are in the early 1980’s.  At that time, the older generation who cooked the food at family gatherings, church dinners, and social events in small town America that made up the fabric of my childhood was born between the late 1800’s and the mid 1920’s.  There was a certain common thread that […]

Missouri Marriage Equality

We Were Putting Our House on the Market Following the Supreme Court Decision This Morning

In a matter of a few hours, we’ve gone from putting our house on the market and leaving our home state back to square one.  When I woke up, this is not how I anticipated spending my day. This morning, the Supreme Court effectively struck down the marriage bans in 11 states, five of which were involved in […]

Joshua Kennon Age

Blog Demographics 2014 Edition: You Are Richer, Better Educated, and Have More Kids

Like the residents of Lake Wobegon, another year of better data analytics and audience growth has cemented what we’ve already known: As a group, you’re way above average.  You are considerably richer and better educated the average person in the United States, more likely to identify as politically independent, more likely to have children, and skew […]

Social Capital

The Good and Bad of Social Capital

As I’ve grown older, I find myself fascinated by the power of social capital; specifically, how it encircles the person who possesses it with a halo that sets them apart from society even when they are far from the only snowflake.  People often mistake fame with competency or ability.  This tendency is part of human nature so it […]

Share Repurchases More Popular Than Cash Dividends

Most Dividends Now Come in the Form of Stock Buy Backs

The Economist has a piece called Share Buy-Backs: The Repurchase Revolution.  To help you understand how popular stock repurchase programs have become over the past few decades, and how they have elbowed out traditional dividends as the preferred mechanism to return cash to owners, consider: The companies in the S&P 500 index bought $500 billion of their […]

Treading Water In the Deep End Short Term Liquidity Households American

Roughly 44% of American Households Have Less Than 3 Months’ Savings

The Corporation for Enterprise Development has released its findings on the state of American family’s short-term liquidity reserves.  Short-term liquidity, which includes things that can be tapped in an emergency or in the event of job or income loss, is the margin of safety a household builds for itself to get through economic storms, which will inevitably happen. […]

Geographic Concentration of High Income Households United States Census Bureau

Where Do the Top 5% of American Families Live?

I just posted about the recent release of a long, in-depth paper by the U.S. Census Bureau on household income in the United States, but there is another report, which spans only a few pages, that is also a lot of fun.  It’s called The Geographic Concentration of High-Income Households: 2007-2011. The U.S. Census Bureau looked at where […]

Income and Poverty in the United States 2013 Census Bureau

Income and Poverty in the United States – 2013 Edition

The United States Census Bureau released a report this month called Income and Poverty in the United States: 2013 [PDF].  It is a treasure trove of data on household income by race, gender, age, quintile, and year (it goes back generations so you can compare over time).  You’ll want to download it, save it, and go through […]