Thoughts on Business, Politics, and Life from a Private Investor
I couldn't resist grabbing a picture of the newly expanded Creed fragrance collection in my bathroom now that I picked up the "Royal Delight" fragrance as one of my birthday-gifts-to-myself. It's clear I have the collecting bug once I find something that brings me joy. Coffee cups, pens, Carl Barks artwork, stocks ... I like to build "sets" for my own enjoyment. At this point, the Creed collection includes: … [Read more...]
Through one of the private businesses I control, we have a collectibles portfolio consisting of everything from the Carl Barks artwork I've told you about to rare books. One of the things we acquire is the hard-to-find perfume factice bottles that used to be popular at department stores, especially those in the high-end spectrum, back in the 1980's and even 1990's. They still exist to some degree but are a dying art, it seems. We buy these bottles on a targeted basis, have them polished … [Read more...]
We added Breakfast of Tycoons to the official Carl Barks collection at Mount Olympus Awards. We've been selectively acquiring more and more of his stuff when the price is attractive and it just fits with all of the framed stock certificates and financial artwork. I've identified a few other pieces we are interesting in actively acquiring but only on our terms. Most of the time, we have them reworked in far nicer frames, matting, etc. I'll try and update a future post with what they look … [Read more...]
Early in life, I developed a theory that there were five levels of building wealth that most self-made men (and women) go through to reach financial independence. It was started by my love for Carl Barks Scrooge McDuck comics. When I started reading the Federal Reserve reports of consumer wealth, empirical studies, and other sources of data, and discovered that 90% of those in the United States who are millionaires made the money on their own - that is, they did not inherit it - I … [Read more...]
When I talk about the idea of tap dancing to work, in the words of Warren Buffett, I'm not kidding or making a joke. You should wake up every morning and jump out of bed because you can't wait to spend your time focusing on something that makes every part of you - physically, mentally, emotionally, and spiritually - satisfied. This is going to be different for everyone. Building a financial net worth that allows you to live any way you wish and enjoying your life are not mutually … [Read more...]
Though the home renovations have gotten the most headlines due to their nature (constant onslaught of choices and tasks that need to be completed), one of the most important items on the agenda of the six-month project has been to drastically reduce my digital footprint. By the end of the program, I will have one personal presence [...]
This makes me sick. This high school is ranked in top 5% of high schools in the United States. The worst part of the video for me was the part where the kid says, “I was never taught that knowledge”. It’s not somebody else’s job to teach you, it is your job to seek out [...]
This is a great way to start the day … one of the reasons I love writing this blog. Joshua, [In American Households Continue to Deleverage But That Only Tells Part of the Story, you wrote] “The numbers are just figures on a sheet trying to explain human behavior. Study the behavior, what is driving [...]
We’ve been looking for a corn chowder recipe to add to the “permanent” on-demand recipe collection but most are geared toward summer when fresh corn on the cob is abundant in the Midwest. This allows you to use the rich pulp, corn juices, and kernels to create a delicious, thick chowder that can be eaten [...]
The best message I received all day in the usual flood of reader submissions … Hello Mr. Kennon, I am 24 yr old who has saved/invested incessantly since I was 18, and my portfolio just recently breached 6 digits! I have always had a similar mindset to you when it comes to the future value [...]
I'm a private investor, author, and business philosopher who started with nothing and was essentially retired by my early twenties thanks to my first Internet startup. I went to school on a music scholarship and spend my days doing what I want and growing Kennon Green Enterprises, LLC, the family holding company. Continue reading ...
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