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.

Successful People Want to Marry Other Successful People

Income Inequality Is Partially Caused By Women Joining the Work Force

We’ve talked about income inequality a couple of years ago; specifically touching on the role of marriage patterns and assortative mating in household income levels.  We’ve also discussed the economics of assortative mating more directly – the deeply ingrained tendency of people to marry other people like themselves with similar educational backgrounds, cultural values, personalities, and career orientations. One interesting result of this is that the women’s liberation movement in the 1960s and 1970s planted seeds of radical income inequality that are just now coming to fruition. Of course, it’s not the only cause of income inequality, but it certainly does play a meaningful role in the gap that has developed between the well-heeled and the penurious.

Home Grown Roses in Vase

It’s a Hyper-Focused Project Day Today

Last night, I had this intense craving for a dish we made back in January, a caramelized carrot soup with peanut butter and cinnamon garnish.  I swung a deal where, I would get it prepared for me today if I agreed to prepare several loaves of whole wheat artisan breads that could be used over the next week for sandwiches and panini.  It seemed like a fair trade, so later tonight, I’ll be busting out the pans.  It was fun, because while the soup was being made and filling the house with this really unique, and hunger-inducing fragrance, I tried out the newly remastered Ducktales Game on PlayStation.