Kennon-Green & Co. Global Asset Management, Wealth Management, and Investment Advisory

Data Driven Decisions Can Help End Negative Feedback Loops

Data-Based Decisions Are the First Step to Escaping Negative Feedback Loops

Shortly after Blue Fairy gives life to the eponymous wooden puppet in the 1940 classic animated film Pinocchio, she instructs him that he must, “Always let [his] conscience be [his] guide”.  Were she a rationalist, she might have added an important addendum: “And make decisions based upon objective, high-quality, third-party-recorded data to remove your own bias as much as possible…

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Eduard Derule/Shutterstock

Mental Model: The Culture Code

After writing about using words to your advantage in life and business, I began thinking of one of my all-time favorite mental models.  It comes from legendary marketing psychologist Clotaire Rapaille, who wrote about it in his treatise “The Culture Code“. Before we get into that, let me say that Dr. Clotaire Rapaille caught my attention so…

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Measure the Right Things in Life

Make Sure You Measure the Right Things in Life

[mainbodyad] With all of the talk of gas prices falling, I’m reminded of the situation a couple of years ago when fuel costs were on an upward trajectory.  Everyone from the little old ladies at church to major economic commentators were lamenting the “record high” energy expenses.  Very few people noticed that, as per the U.S. Energy Information…

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Super Mario 3D World Large

A Handful of Rare Businesses Enjoy Annuity Streams That Can Generate Cash for Decades

For the past hour, my mind has been on the power of some businesses to capture annuity streams that pay dividends for years, even decades or generations, with very little additional work.  When you can get one of these in your portfolio, they pump out wealth as long as you update them every once in a while.  They are the closest thing to geese laying golden eggs that exist outside of fairy tales.

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Monopoly Go to Jail

A Significant Minority of the Population Is Wired to Steal (and Why This Matters If You Own a Business)

We talked about theft a couple of years ago but it’s on my mind, again.  I still struggle to come to terms with it, despite overwhelming, conclusive evidence that it is true: A small percentage of the population will steal, simply if given the opportunity. They won’t even need the stuff.  They may not even want…

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Kennon-Green & Co. Global Asset Management, Wealth Management, and Investment Advisory