October 22, 2014

Most Recent Post

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 […]

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 […]

Charlie Munger Mental Models

Mental Model: Intergenerational Transmission and What It Has to Do With Adrian Peterson Beating His Child

A huge percentage of the people in this community are fans of the mental model concept – ideas, like tools, that can be used to analyze, study, and understand both why and how something is happening – made popular by Charles Munger.  From signaling theory to satisficing, the Dunning-Kruger effect to Goldovsky errors, calibration errors to social loafing, […]

Even More Posts

Weekly Wrap-Up

Wednesday Wrap-Up – September 17th, 2014

Regional cap rates by real estate type, a case study of a couple retired for 30+ years, why America refrigerates eggs, and shopping for a yacht … Breakdown of Regional Cap Rates on Real Estate Investments By Property Sub-Type – Are you considering investing in real estate?  CBRE publishes market specific reports on individual real estate […]

Mail Bag Joshua Kennon Pen

Mail Bag: Habits of Successful People and Families

This is a great question about habits of successful people and families … I read your post about energy savings and saw a comment from from someone named Melissa K.  You had responded to a reader from overseas and shifted your language and units to their syntax, talking in square meters and degrees Celsius rather square […]

Park Avenue Millionaire

Lewis David Zagor Leaves Behind an $18,000,000 Secret Fortune Amassed from Investing in Stocks and Mutual Funds

It’s no secret that most wealth in the United States is so-called stealth wealth.  We now live in a country where roughly 1 in 5 families earns six-figures a year or more, which most people wouldn’t believe, and for those who put aside money, something like 80%+ of millionaires hide their net worth from friends and […]

Watch People Do Stuff YouTube

Watch Teens Try to Turn on a Nintendo and Elders Try the Oculus Rift

Watch these teenagers react to an original Nintendo Entertainment System. Watch these elders try out the Oculus Rift … Here are kids who are too young to know about it reacting to DuckTales.  Given that so many end up wanting to watch the show itself, I think it’s foolish that the cable companies still haven’t […]

Mail Bag Joshua Kennon Pen

Mail Bag: Keeping Money Safe Before a Debt Payment

Hmm … Hi Joshua, I have about $17,500 that I will have to liquidate in the next 6-18 months to repay someone.  No interest or anything til then.  It’s currently in a fund that mirrors the S&P 500. My question is: where do you think the money would be best put for the short term? […]

Ian's Not Maple Syrup Joshua Kennon

Surprise, America! Your Meat Is Held Together By Meat Glue and Some Hershey’s Isn’t Even Chocolate, Anymore

It’s possible your beef, pork, lamb, fish, or chicken is really a bunch of scraps held together by something known as meat glue, or transglutaminase enzyme.  The next time you go to the store, you may want to check for it so you know what you are actually buying. In theory, there is nothing inherently […]

Year Over Year Energy Usage

An Update on the (Almost) Year-Long Energy Saving Program

Almost a year ago, I began to notice some weird things with our electric bill.  What followed was me getting obsessed with figuring out where the energy was going, even measuring the daily cost of operating my coffee pot.  Then, a resolution to take $2.4 million in future wealth from the stockholders of KCP&L.  It […]

Federal Reserve Survey of Consumer Finances

The Federal Reserve Has Released the 2013 Tri-Annual Survey of Consumer Finances

The Federal Reserve 2013 data detailing changes in household wealth, income, and other statistics is now public and you can go here to download the spreadsheet files and other resources or read the 41-page summary detailing the changes over the past three years since the last survey was released [PDF]. Here is a paraphrased summary of […]

Weekly Wrap-Up

Wednesday Wrap-Up – Wednesday, September 3rd, 2014 – Spider Dog, Scared Babies, and Accounting Blogs

A lot of you have probably already seen the Spider Dog prank but this is … oh man.  Just watch the video. Here are some interesting links I’ve encountered over the past couple of weeks. Every Netflix TV Series Sorted By IMDB Rating – Looking for something to watch?  This is a useful resource to […]

Question Mark

Statutory Rape Victim Forced to Pay Child Support to Rapist – What Would You Do?

Eight years ago, a 14 year old boy in Arizona was statutorily raped by a 20 year old woman.  Under the guidelines of the state in which the rape occurred, no one under 15 years old, under any condition, can consent. As a result of the rape, the rapist got pregnant.  She never informed the victim. […]

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