February 8, 2012

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How We Used Shares of Coca-Cola to Teach My Youngest Sister About Investing (and Why the Cycle of Consumption and Financial Stress Starts as a Teenager for Most Americans)

September 7, 2010 By 2 Comments
Coca-Cola Direct Stock Purchase Plan and Coca-Cola Dividend Reinvestment Plan or Coke DRIP Literature

When I was a senior in high school, I bought my youngest sister, who was first grader at the time, a single share of Coca-Cola common stock for her 6th birthday.  I had it framed with an engraving of the first part of Deuteronomy 8:18 placed under it, "You shall remember the Lord your God, for it is he who gives you power to get wealth". I registered the ownership as a uniform gift to minors, naming our father as the trustee.  He and my mom decided to have $50 each month taken out of their … [Read more...]

Filed Under: Dividends, Dollar Cost Averaging, Featured, Saving Money Tagged With: , , , , , , , , , , , , , , , , ,

Still Frugal As Ever

September 4, 2010 By Leave a Comment
Cherry Pepsi and Diet Cherry Pepsi

You all know that I love frugality and today was a jackpot kind of day!  Even though we try not to drink soda, we do keep it around for guests and when we get the occasional craving.  The local grocery store had a sale; each case was only $2.50!  I don't even know how they can make it, ship it, and stock it for that price.  So, we loaded up Cherry Pepsi and Diet Cherry Pepsi.  Ordinarily, I prefer Coca-Cola but they weren't on sale so ... sorry Coke.  Pepsi won this round.  But we own … [Read more...]

Filed Under: Saving Money Tagged With: , , ,

How My Grandpa Dennis Could Have Turned His Pepsi Habit Into a 7-Figure Estate

May 2, 2010 By 6 Comments
Pepsi Cola Stock

I've written in the past about how nearly every American alive today has been confronted with perhaps a dozen different companies that they knew first hand because they enjoyed using the firm's products for years (in some cases, their whole life) that turned out to be spectacular investments.  Yet, they never thought to research the business and consider becoming an owner. One of the things I think about a few times a year is my paternal grandfather's Pepsi habit.  My dad's side of the … [Read more...]

Filed Under: Dividends, Dollar Cost Averaging, My Life, Saving Money Tagged With: , , , , , , , , ,

The Psychology of Human Misjudgment by Charlie Munger

November 24, 2008 By 2 Comments
Charles Munger, Vice Chairman of Berkshire Hathaway

By Charlie Munger (Warren Buffett’s partner at Berkshire Hathaway) Speech at Harvard Law School (1995) Transcription of The Psychology of Human Misjudgment, comments [in brackets] by Whitney Tilson.  Note from Joshua Kennon: I've written a lot about Charlie Munger over the years, especially the influence he has had on my life and how we run my companies by using our own mental models.  This is one of the best speeches Munger ever gave ... which may be why my family owns about a dozen … [Read more...]

Filed Under: Psychology Tagged With: , , , , , , , , , , , , , , , , ,