The Cat Thinks She Is My Boss

The cat decided to claim my bed this morning.  She planted herself at my feet, sat like the Sphinx, and refused to budge.  She has also grown very talkative lately.  Oh, and she has a habit … if I am reading a 10K or annual report and she wants my attention, she approaches me, stares [...]

from Joshua Kennon

The Success of the iPad Will Come Down to App Development

Five days or so into my experience with the iPad and it continues to exceed expectations (by far). I’ve spent somewhere between $120 and $150 in the Apple iTunes App store, which compared to my previous purchases of apps (read: $0), means there is more cash flowing into Steve Jobs’ coffers. The overwhelming indication continues [...]

from Joshua Kennon

Dinner at Ruth’s Chris Steakhouse with Jocelyn and Aaron

Jocelyn came to visit Aaron and me!  After picking her up from the airport in Kansas City, we headed to a nearby Ruth’s Chris Steakhouse because we wanted something good and it was unquestionably worth it.  I had read their annual report a few years ago and wanted to experience the food for myself.  I [...]

from Joshua Kennon

PPL Corporation Stock Risk Analysis

This is a risk analysis of PPL Corporation stock for a friend of mine that was hired by the company.  Those of you who want to know how I think about risk management are perfectly welcome to read it but it is specifically targeted so I’m not sure how useful you’ll find it. I’ve worked [...]

from Joshua Kennon

Our Value Investing Research Process for Stocks

A week or two ago, I wrote an article called Understanding Stock Repurchase Plans for About.com, a division of The New York Times, which discussed Sonic Restaurant and the massive stock buy back program that had taken place over the past few years. In it, I walked the readers through a lot of the math [...]

from Joshua Kennon

Asset Allocation Rebalancing

One of the cornerstones of asset allocation is the concept of rebalancing.  Done correctly, rebalancing forces you to buy certain investments when they are undervalued (cheap) and sell when they are overvalued (expensive).  In effect, it makes the owner of the portfolio a value investor without the need to analyze individual companies.  It can even [...]

from Joshua Kennon

A Discussion on Pension Costs

It’s nearly 4 in the morning and I’m up reading political blogs; happened to come across http://cognidissidence.blogspot.com/ and enjoyed reading it. This particular entry is way off base from a financial perspective and since the author seems to be working to expose problems in government, I thought I’d take the time to explain why if [...]

from Joshua Kennon