Daily Archives: December 6, 2014

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Do Any Of You Have a Steak Brandy or Cognac Butter Reduction Recipe? Ten or eleven years ago, I went to a steakhouse in Omaha, Nebraska during a trip home from college. The chef that day had decided to make either a brandy or cognac reduction sauce using the drippings from the beef. Feeling adventurous,…

Investing in The Hershey Company Has Made Generations of Investors Rich

Case Studies & Profiles, Stocks, Value InvestingBy Joshua Kennon December 6, 2014 9 Comments

As we approach the end of 2014, I’m looking back on the year. One of the major changes from an investing perspective what a modification Aaron and I made in the investment policy manual. That doesn’t happen often. We added a handful of companies to the list of permanent business; those companies we consider so…