Joshua Kennon is a Managing Director of Kennon-Green & Co., a private asset management firm specializing in global value investing for affluent and high net worth individuals, families, and institutions. Nothing in this article or on this site, which is Mr. Kennon's personal blog, is intended to be, nor should it be construed as, investment advice, a recommendation, or an offer to buy or sell a security or securities. Investing can result in losses, sometimes significant losses. Prior to taking any action involving your finances or portfolio, you should consult with your own qualified professional advisor(s), such as an investment advisor, tax specialist, and/or attorney, who can help you consider your unique needs, circumstances, risk tolerance, and other relevant factors.

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I Believe USA Today’s Money Section Is the Worst Run Financial Publication in the United States

Hands down, I am strongly convinced the single most incompetent source of regularly published financial advice or business information of any major newspaper in the United States is the money section of USA Today.  The conclusions are often outright wrong, the understanding of accounting and economics vapid, and the headlines written to achieve nothing more than clicks without leaving the reader better informed than he or she was in the beginning.  It is the fiscal equivalent of fluff, only worse because fluff can be fun without leaving an inaccurate impression on something as important as national economic policy.

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Nectarine White Chocolate Cream Pie

Now that the white chicken chili is on the stove, it’s time to turn attention to the nectarine white chocolate cream pie on the other side of the kitchen.  There are quite a few seasonal fruits available – nectarines, plums, cherries, and strawberries among my favorites – so I’m hoping to do as much experimentation as possible before autumn arrives and my attention gets turned to apples, cranberries, turkey, maple, and other flavors that tend to be best when the air has a bit of a nip in it.  It almost seems impossible but before we know it, it will be time to put on sweaters and light the fires.

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A Basic Overview of Corporate Inversions

There has been a lot of talk over the past few days of corporate inversion.  Corporate inversion happens when an American company changes its domicile to another country by merging with a foreign entity.  Inversions have been occurring at a rapidly accelerating rate.  Pfizer attempted one of the largest inversions in history with the AstraZeneca merger that…