February 10, 2012

General Electric

General Electric, or GE, is one of the world's largest corporations. It was originally founded by legendary inventor Thomas Edison and today spans the globe, operating in countless industries, currencies, and businesses. General Electric is a long-time component of the Dow Jones Industrial Average and is one of the most widely owned stocks in history. This archive displays articles that have been tagged with the phrase General Electric to make navigation easier for you.

Five Business Lessons I Learned from My Mom, Tammy Kennon, and Her Company, Chenille Appeal

Five Business Lessons Learned

This is my mom.  You've probably read about her but never seen a picture.  She's the same one that would slip notes into my lunches in elementary school telling me how wonderful, intelligent and loved I was. Back in the early days when she and my dad started their company in a two hundred square foot garage, she would work during the day (my sister, Kelsey, and I would help run the machinery) and my dad would come home from his day-job and work the night shift. Today, she and my dad are … [Read more...]

New Wardrobe Additions for the Wedding

Kelsey and Tyler's Wedding Gift

Aaron and I went shopping today for my sister and soon-to-be-brother-in-law's wedding gifts.  We also decided we wanted to wear something new that wasn't parked in our respective closets so we headed to Nordstrom and a few other stores. I ended up going with a modern cut lavender white stripe dress shirt with mother-of-pearl buttons and a silk bow tie in the same color family, which I will wear with a charcoal gray suit with white and faint blue pinstripes.  I took a picture so I could send … [Read more...]

The Sugar Refiner Shares We Own Are Surprising Me (and More Portfolio Updates)

Sugar Company Stock Certificate

I hardly ever talk about the portfolios I manage (the last time was when I added Campbell Soup to the blue chip reserve portfolio in Some Changes In the Portfolio), mostly because investment ideas are rare.  Still, I write about it to the same extent I would be willing to discuss something over coffee with fellow investors so here are some thoughts about what has been going on at Kennon Green Enterprises lately. The shares of the sugar refiner I had one of my businesses buy only 3 months ago … [Read more...]

The Cult of the Majority (or You Don’t Have a Right to Vote for the President of the United States)

Electoral College to Elect Obama

Countless Americans mistakenly believe that the constitution says we are a nation, "of the people, by the people, and for the people".  They don't realize that line came halfway through the nation's history in the Gettysburg Address by President Lincoln and isn't part of our constitutional framework at all. Consider, for a moment, that people actually believe they have the right to elect the President of the United States!?  It is completely absurd, but they believe it is their … [Read more...]

Does Geographic Location Influence Success?

I was speaking to a relative of mine when this person (who shall remain nameless) expressed horror that after living near New York for so long, I would buy a house near my parents in the Midwest.  "I thought you were going places!" they basically decried in exasperation. It was then that I realized how truly stupid most people are when it comes to making money.  They have no idea how capital allocation works.  I started to get irritated and then I realized: If they knew how wrong they … [Read more...]

One Very, Very Good Thing About the Financial Reform Bill That Just Passed Congress

Derivatives Trading Office

I don't care what anyone tells you, I want you to listen to me very, very carefully: Although I cannot give an opinion on the financial reform act that just passed Congress because I haven't read it yet, I can say that the provision that requires all derivatives other than those used for "commercial purposes" to be traded on a regulated exchange is absolutely, positively, 100% required if we have any hope of avoiding a collapse like we had following the failure of Lehman Brothers. I realize, … [Read more...]

It’s Officially an Epic Fail: The Tonight Show Ratings with Jay Leno Are Down to 1992 Levels

Team Coco - The Conan O'Brien Ratings vs. Jay Leno Ratings for the Tonight Show

The ratings are in for The Tonight Show now that Jay Leno is back in control and ... you guessed it ... the show has tanked and is ranking the lowest it has since 1992.  The ratings are higher than low point of Conan O'Brien's show due to the large number of older viewers with the biggest drop for the new Leno incarnation coming from the (you guessed it again), 35 and under crowd. Why?  For the same reason that I, Aaron, my grandmother, and a lot of other people we know refuse to watch Leno … [Read more...]

Not Every Value Investing Position Is “Buy and Hold”

Saks 10 Year Stock Chart

I'm a value investor.  My favorite type of holding is a company that generates high returns on non-leveraged equity, has a strong competitive position that is virtually unassailable, and is trading at a stupidly low price-to-earnings ratio.  These are rare and when they come along, you have to be willing to make a substantial commitment (as Buffett said, when it is raining gold, reach for a bucket not a thimble).  Since I don't like selling stuff, I love the fact they can sit in my accounts, … [Read more...]

Some Changes in the Portfolio

Aaron and I are wrapping up all of the tax documents for fiscal 2009 before shipping them off to the accountants, listening to the new Goldfrapp album, and tweaking the investment portfolio a bit. I liquidated a respectable portion of the LEAP stock options we bought on General Electric during the crash now that it is approaching $19 per share, or at least was during today's trading session.  The time premium was no longer adequately reflecting the risk, in my opinion, especially relative to … [Read more...]

The Joy of Cash Dividends

General Electric Stock Certificate Framed

Over the years, I've written a lot about dividends on the Investing for Beginners site at About.com.  In fact, over the past few years it has been one of my absolute favorite topics to cover because through the Great Recession of 2007-2009, those who owned a collection of high quality dividends stocks were better able to ignore market fluctuations and avoid selling their ownership to pay their household bills. It isn't an infrequent thing I'll hear people opine, "yeah, but who has money … [Read more...]