A Letter from Josh & Aaron

As many of you noticed, Aaron and I went radio silent more than a month ago.  This was due to the fact that we are spending nearly every waking moment in the final stages of establishing Kennon-Green & Co., the asset management firm that we hope to have open within the next sixty to ninety days if all goes as planned.  From evaluating custodians to writing the Form ADV, approving the Code of Ethics to doing interactive demos with various advanced portfolio performance software providers, preparing what will become the website to taking care of the things necessary to get the business itself operational (e.g., securing a business license, opening bank accounts, purchasing technology, changing over phone lines, et cetera), we pretty much get out of bed in the morning and dive straight into it until the early hours of the next morning, trying to cross as much as we can off the list.

All of it is about to pay off.  As a result, prior to Kennon-Green & Co. entering the advisory business, we decided it was time severely curtail, then bifurcate the remaining, online presence we maintain.  For those of you who were part of the community for the few years following 2009 when the site started as a way to keep in touch with my retired Aunt Donna, this isn’t new.  The site in those days was far more personal, and far less guarded.  Great Purge I resulted in a majority of the posts being taken private and the focus turning more toward academic and educational concepts.

As of this morning, Great Purge II is mostly complete.  The result is the blog is now a tiny fraction of what it was as thousands of posts have been removed.  Specifically, counting this post, the site now contains 4,158 articles.  Of these:

  • 2,151 articles have been taken private;
  • 1,238 drafts remain in various stages of completion covering a wide range of topics and that aren’t visible to the public, yet, as I haven’t finished writing them;
  • 769 articles remain visible and published at the time of this post

That means the nature of this blog is going to change.  We’ve been putting a lot of thought into how we want it to work going forward and considered deleting it entirely.  To be completely candid, that was my vote but Aaron put his foot down and said the community is something special that needs to be maintained, convincing me we could make the transition.  As a result, here’s what we are going to do:

  • Aaron will be coming out of the shadows and joining me as a co-author.  You’ll get to see how our perspectives differ and how our thought processes compare.
  • The site is going to become a repository for our collective case studies, mental model databases, book recommendations, strategy guides, and life management posts.  Think of it in terms of one of our favorite books, Poor Charlie’s Almanack.  In essence, we are going to be building our version of the same only in free, online format.  Within the next few years, our objective is to have the site turn into an incredibly valuable reference guide to rationality, logical fallacies, and life skills filtered through how he and I see the world.  We’ll also still discuss issues of politics, philosophy, and ethics.  In addition, you’ll hear from us more as individuals – the personal side of us – like you did in the Obergefell post.
  • We are going to seriously investigate launching a podcast in the coming year.
  • Except in highly unusual cases when looking at something from a broad, educational, and academic perspective, neither Aaron nor I will discuss individual investments on the site, in the comments, through the site contact form, etc.  We’ve always made sure to say we could not, would not, and had no intention of offering investment advice but if you even get close to the line and it’s spotted, your comment will be deleted, your message will be trashed, and you won’t even get an acknowledgement about it.  This site is a personal blog.  It is not a place to discuss investment advice.
  • With the aforementioned rare exception and the existing contractual requirements I have for Investing for Beginners at About.com, all of our writing relating to stocks, bonds, capital markets, etc. will be released through Kennon-Green & Co. either in the form of white papers, blog posts on its official site (it will have a blog much like this one), or through books we, as individuals, decide to publish.
  • The number of advertisements on the site has been severely curtailed and the blog post listings now contain 120 posts per page for easier navigation.  This should be a much better experience.  Though there are still several hundred posts we need to clean up and edit, ultimately, even the most casual post will follow the format we established in the newly renovated post about Coffee Prince, a South Korean drama.  No side bar.  Beautiful header image at the top (optimized for notebook or desktop, not always visible on phones and smaller tablets).  Minimal advertisements in the body of the page.  No advertisements in the Disqus comments section.  This is keeping with our personal project this year, Addition Through Subtraction.  Ultimately, we may find a way to get rid of advertisements entirely or have only one or two sponsored advertisements that run for a month on the site given the extraordinarily valuable demographics around here.  I realize this defies all of the rules of modern online content these days but I keep asking myself, “If I were in the reader’s position, what would I want?” and that’s minimal clicks combined with a focus on substance and simplicity.
  • Though we both largely avoid social media entirely, we are going one step further and reining in even the small footprint we have.  We will either shut down or take private our Instagram and similar accounts.  The only major social media account we expect to keep is my personal Twitter, which will not be used for the investment advisory firm but, instead, be a way to announce new blog posts here, at this site, when we’ve published another case study, mental model, or similar article.  Likewise, we will not engage on investment-related topics through social media, either.

There’s more but that’s the sort of high-level view that matters for now.  If you have ideas for the type of thing you’d like on the site going forward, let us know in the comment section.

Those of you who have been with us since the beginning and gone through this now twice, thank you.  Those of you who are experiencing it for the first time, it may seem like a lot of what made the blog special has been taken away but I’d ask that you trust us and have faith that we can make this now third incarnation of JoshuaKennon.com something of permanent value.

Joshua Kennon and Aaron Green Signature

  • Bill B.

    Don’t remember if it was 2009 or 2010 when I started following JK, but it’s literally been life changing for me. I strongly support the new direction you guys are taking this site, as it wasn’t the specific investment discussions that made a difference in my life, but the focus on mental models and posts with real life examples of many of those life habits that made all the difference. I did enjoy your in-depth posts however, namely the Shell dividend RDS’A vs B yield and tax loop, or the discussion on Trust funds that led to me buying (and greatly enjoying) two books you suggested to me on the subject.

    Thank you, and looking forward to hearing from both of you in the future as these changes take place.

    -Bill/Paarthurnax

  • I for one feel fortunate to have been around after Great Purge 1 but before Great Purge 2 – the personal stuff was some of the best stuff on your blog.

    I probably honestly read every single post that was up and available since 2013 and want to thank you both for your candid and incredibly insightful thoughts, not just on finance/money/investing but on the more important things, like family/friends/love/happiness.

    While I feel sorry for those who are just getting their first taste around here, I look forward to what is coming!

  • Ang

    Very exciting! Good to hear from you and am glad to hear that Aaron will begin to author posts as well, I second Kapitalust in that I feel very fortunate to have found your writings, regardless of how late I joined the community. Look forward to reading more and more of both of your thoughts!

  • TheSplash

    First off let me say thank you for recommending Feedly a while back. It’s let me find some amazing older articles from your site that I got to read before they were removed in The Great Purge II.

    Your blog is the reason I own a Sharebuilder account and it currently has a good chunk of savings in it. Before that I had three credit cards, a 401K loan, a home equity loan and a car loan. Now I have none of those, except for the car loan which I refinanced and am now paying 0%. You gave me the tools I needed and I’m grateful to have found your blog. Cheers to a successful start of Kennon-Green & Company!

  • Dan Harding

    Gentlemen –

    1. I would definitely listen to a Kennon Green podcast.
    2. I love the idea of addition through subtraction on the posts. I offer a suggestion that posts have a smaller width (i.e. increased left-right margin padding).
    3. It’s your life, of course, but I, for one, am happy you will continue blogging here. And I look forward to reading the company blog, as well.

    Thank you for all you do.

  • Joe O

    While I can’t say I’m not a tiny bit disappointed in some of the changes, I do have to say I’m excited about MORE AARON! 😀

  • Joe Harold

    A podcast would be amazing! While on the subject, do you have any recommendations for podcasts? I am dreadfully bored at work (well, when I’m not working on my side business :P) and would love some good podcasts to listen to.

    I do want to thank you for creating this site. Because of you, I have refined the process by which I filter the companies that I invest in. I was always under the impression, probably due to media hype and word-of-mouth, that chasing the newest growth stock would be the way to riches. Because of you I have put my money in companies such as MCD, HSY, PM, JNJ, and TIF, amongst others, and have received superb returns on them.

    Thank you both for all that you do. I look forward to version 3 of the site!

  • Joshua, while I’m disappointed that many posts have disappeared, I understand and I’m so glad you decided to keep this blog going. It has been life changing for me. I have learned to think of investing in a new way and I owe you a great deal for the knowledge you have so graciously imparted. Thank you for the ongoing efforts. If you ever find yourself in NC, please know you will always have a meal or a drink waiting 🙂

    -Tiffany Alexy

  • Al

    I’ve enjoyed the site immensely in the year or so I’ve been reading it. An open question: does anyone know of some good books on discounted cash flow techniques?

  • Alfonso

    I feel sad for the decrease in blog involvement, but I understand that the new investment business could pose conflict of interest with the advise you have been giving generously these years. I am very thankful for that, and glad to see that at least some activity will go on in the blog.

    Regards from Spain.

    Alfonso.

  • SonicTraveller

    Congratulations on the progress with the asset management firm Joshua.

    Just wanted to chime in and say I really appreciate and am very grateful for all the great content you’ve put out on this site over the years, and I’m glad you and Aaron decided to keep the site going, even if you decide to change the content. Also- a podcast would be awesome.

    The personal posts always resonated with me because:
    a. I realized you were actually a real person who was living your advice and succeeding, not just another anonymous opinion on the internet.
    b. The motivation of getting a small glimpse into someone’s life who’d consciously created financial success. Seeing someone have the freedom to take a week off work when a highly anticipated video game came out, or having the time/resources to develop expert cooking skills, traveling, and generally being able to constantly look towards a bright future as a result of past decisions. In a way it was almost like seeing the rewards of actually applying the content from the substantive posts side-by-side.
    c. Noticing all the hard work that seemed to go into the process also provided a motivational kick.

    Having been exposed to your blog has definitely improved my own life. When I first started reading around 3-4 years ago, most of my savings were just piling up in a savings account, collecting virtually nothing. I knew I needed to start investing it properly but simply hadn’t ‘gotten around to it’ after a few years of full-time work. Only a short period of exposure to your blog made me realize how dumb I was being and the opportunity cost of waiting. From that point began gradually getting my savings into a low cost index, and became a lot more interested in saving and investing generally. Even a few years later I can already see the fruits of that decision, and in 10 or 20 years the impact will be even greater.

    Being exposed to the thinking, mental models and general life tips on the site has also been awesome. Non-investing posts I’ve always found particularly helpful:
    – Specifics into how you actually go about your life and being productive. ‘Data Based Decisions’ post was fantastic. Posts where you spoke about productivity and work techniques, such as how to go about actually managing and completing a project. The life-skills/tips are great.
    – Any post that kicks me into gear, like about how much time people generally waste, how abundant and wealthy the society we live in really is despite not always realizing it, or about taking responsibility for your life etc. The “La molesse est douce, et sa suite est cruelle.” is one of my favorite posts on the site.

    All the best from a long-time reader. Looking forward to whatever you and Aaron decide to put out on the site in future.

  • Bec Hawk

    Having followed this blog for less than 6 months, and having not reached too far back into the archives yet. Is it just articles/comments that mention specific investments Joshua holds, or are there other elements that have been removed too? In the beginning of the article, it sounds like anything of a personal nature has been deleted, but then Joshua says that we will actually see more of that. There seems to be a lot of investing-related posts still up…

  • Thank you for sharing so much knowledge and wisdom with all of us. I have been reading your posts for years now and your writing has transformed the way that I view investing, business, and life. I am looking forward to continuing to learn from you both, in whatever mediums are chosen (podcasts and books would be awesome).

  • Stephen H

    Sounds good! Cool to eventually read Aaron write!

  • Joshua Myers

    I love this blog and I love Poor Charlie’s Almanack. The case studies and mental models have always been my favorite reading here. I’m looking forward to seeing where this site goes.

  • It has been a true privilege finding this community years ago, it has been nothing but life changing for my personal and financial life. This news makes me somewhat heartbroken, as many of the articles i have bookmarked over the years for reference have now just vanished, however I do understand the need to take this direction. I just wanted to take the time to sincerely say thank you for everything.

  • J. Dias

    Josh, I want to give you insight into the power and value of your blog to its readers. In a sea of information, this blog is something special. While all the posts are stimulating in their own way, the biggest thing this blog taught me was that it’s not scary to invest in the stock market (though Josh has wrote he’d never have all his holdings in stocks). As simple as that lesson is, it is powerful, and a lot of people never learn it. I don’t have relatives or friends that serve as that example, so you served as this person. Of course, reading this blog coincided with my reading thousands of pages from hard copy books, articles online, and (now obsolete) money magazines, however none of those texts had the in depth, real time example of someone who was constantly optimizing every facet of their life. On behalf of the readers (if I may), thanks for being that example. I hope readers continue to discover and read this blog in their lifelong quest to better themselves, like I did. I hope you keep what I’ve wrote in mind during the purges because on that fine line of risk and reward that this blog provides you, the entirety of all your posts represent a person that we can see is something worthy to strive for. Few people have such an example.

  • JB

    ARGH! SO. MANY. PAGES. NOT. FOUND! I can only blame myself for not finishing going through all of your Archives though. I got through mid 2013 and then I got sidetracked with a work relocation and life in general. Is there anything I can do read those victims of the Great Purge II?

  • Derek

    Like so many others, I really appreciate the case studies and discussion of mental models, along with the more personal posts like Obergefell and Justice Scalia’s passing. I’ll certainly keep reading, even if there is never another discussion of individual stocks or business in general. I’ll be sure to keep an eye out for the new blog at Kennon-Green & Co.

    Since you asked for suggestions, an area I’d love to hear your thoughts on is your process for evaluating the viability of new business ideas. To be clear, I’m thinking about starting new private businesses, not investing ideas in already established companies. Entrepreneurship is an area I’m keenly interested in but have almost no experience with, and I’d be very curious to hear your thoughts and experiences, as your thought process seems far more rigorous than any of the books I’ve read on the subject.

    Maybe I’m the only one interested in reading a post on the subject, but I thought I’d throw it out there.

  • Mr.owenr

    My understanding of what you are saying is that you wanted to delete your personal blog because the opportunity cost was too high?

    If so, that’s great news!

    If you’re keeping the blog, that’s great news too. The type of thing I’d like to see on the blog going forward? Well it is twofold:

    1. There are some gaps in your and Munger’s work that I’d like to see addressed. Specifically whenever Munger mentions the chemical dependency mental model he seems to just shrug it off and ignore it. As a video game addict who has been through the 12 steps of AA, the 7 steps to freedom, the SMART recovery, the cold turkey, counseling, etc with nothing working…I’d personally like to see that particular model covered.

    2. You said somewhere on your blog that the rich people think in terms of projects. Thus I launched my first year long project, and it is now coming to its deadline uncompleted (I wanted 1000 yearly dividend income, I got 480, I wanted to lose 60 pounds, I lost 20, I wanted to go on 1 date, I went on 0). Instead of posts detailing getting started, i’d like to see how you rich people would handle getting finished on the back side. How do you go about evaluating your projects after the deadline for completing it has passed? How do you decide on the next project to do, or do you just extend the deadline of the old one? In short what happens post project?

    I’m sorry if those seem too personal, but there ya have it.

  • onlyalittle

    I am glad that I accidentally found you a couple of years ago–your blog is one of the reasons I have drastically changed my life. It helped me as I was redefining my relationship with religion, with my career, with my family. Thank you for sharing this piece of you on your blog. You (and your husband) really are a light in this world.

  • segfault

    I haven’t logged in to Disqus in a long time… I’m sure there are a bunch of posts I will wish I had saved, but I’m still hopeful for what lies ahead.

    Challenge: Rewrite as many of the pulled articles as possible to remove content that might be construed as investment advice, but retaining the parts that focus on mental models, case studies, etc.

  • Gilvus

    Five years later:

    “Aaron and I regret to announce Great Purge III as an unfortunate side effect side of our appointments to the positions of Global Financial Officer and World Dictator, respectively.”

    • Gilvus

      “Henceforth: all gold bugs, Brutalist architects, and Irene Rosenfeld supporters are hereby declared Enemies of the World State and shall be hidden from public view.”

  • Matt

    Exciting changes! Definitely looking forward to hearing from Aaron’s point of view. I was partially expecting some really bad news about the blog (aka its disappearance), but it sounds like nothing nearly as drastic (thanks Aaron!). I’ve always thought that your non-investment related posts really stood out – so I’m glad those will continue. Looking forward to seeing how this site will evolve in the coming months.

  • I’m happy I was able to read what I did, and excited to read whatever you and Aaron (nice!) have to write going forward.

  • Karen

    Dear Joshua, I was just coming here to see if you might have an email subscription to the site for blog updates. I know you’re busy and that’s OK, I’m happy to read whenever you have something to say here. First off, congratulations on your new venture! That is very exciting and I’m sure you will have great success. Second, THANK YOU for everything you have shared at the blog (my first search post this announcement was to check if any recipes are still here — they are, hooray!) I can say with certainty that you have influenced my outlook and attitudes in several ways, for the better. I appreciate it so much. Even if there are not many new posts here, I appreciate the opportunity to come back for reference. Third, it is fantastic that you and Aaron are continuing and I encourage you to do whatever works best for you. A podcast sounds brilliant!!! (exciting!) and be assured I’ll happily follow whatever you choose to do. Your site and style reminds me of Ben Franklin and you write with a style that feels like you are building a legacy, and that is is awesome. You are one of the most interesting people I have “met” on the ‘net and I’m very thankful for the experience. Best to you and Aaron!

  • Karen

    I need to say that more strongly. You have changed my life for the better. Thanks for being a great teacher.

  • Caleb Kennon

    Am I the only one disappointed there isn’t a “Ask Caleb Anything” corner?

    • Gilvus

      I got one for you, Dr. Kennon: what is the codon sequence for the feline emetic reflex?

      • Caleb Kennon

        Gilvus always asking the important questions on everyone’s mind! Would you like the codon sequence to be read in terms of Amino Acids, the mRNA, the template strand or the coding strand?

        Already a success!

        • Gilvus

          That was a joke question, by the way. A joke that only a veterinarian or doctor (aka H. sapiens veterinarian) could appreciate.

          For the purposes of the joke, the sequence can be on either the template or coding strand. Hint: it’s not mRNA because there’s a thymine in the punchline.

        • Caleb Kennon

          Haha – I’ve got a question for you, in what type of RNA would both thymine and uracil be present?

          Why? Because science is cool kids!

        • Mr.owenr

          None?

        • Caleb Kennon

          In tRNA my good man, located specifically in the t-arm.

        • Gilvus

          You stumped me, but it looks like you gave away the answer in another comment.

          You didn’t answer mine, though: what is the codon sequence for the feline emetic reflex? 😀

        • Nicholas Archer

          Ok. Explain. Or link.

        • Gilvus

          Drumroll please…







          C-A-T G-A-G

          😀

        • Nicholas Archer

          I got that far already…
          Lol. Where do you start learning about codon sequences? That must be complicated as hell. Because I know the human vomit response is very complicated with serotonin and a truckload of other receptors. And than wiki told me cats vomit less often than dogs so that’s what I know. Anyway good to see you again Gilvus.

        • Nicholas Archer
  • Mendieta Legend

    You have no idea how much you blog has changed me as a person, Mr. Kennon. You’re honestly one of the most influential people in my young adult life (I’ve been following this blog for 4-5 years and I would just lurk and soak up the information you would give us). Good luck to your future endeavors!

  • Joshua and Aaron,

    Thank you for all of your contributions and thoughts. It’s been valuable reading your perspective on investing, mental models, and many other issues. I’ve looked back through the archives, and it’s sad seeing some of my favorite posts no longer being public. I look forward to all that you’ll write in the future and hope it’ll continue to be as useful as some of the information that you’ve since hidden.

    Best of luck in your new endeavor. I’m sure you’ll be quite successful.

  • Austin from TX

    Cheers-

    I think I was here for purge 1 and if things continue, hopefully purge 3 and 4 and so on.

    Best of luck.

    Austin

  • Sarah Keller

    I’m glad you’re still here! We’re never met IR, but I was thinking about both of you this past weekend. Your posts have been very valuable and educational, and I look forward to your future posts!

  • Silent Reader

    Hi Joshua, good luck with the new venture.

    One thing I’ve been wanting to ask for some time, I really liked your piece about Bernie Sanders. Is there any chance we can expect similar pieces on Clinton or Trump?

  • Hey,

    Definitely, one of my top 3 sites I read for mental models. I’ve spent a couple weekends literally going through and clicking articles in order to open up more links on here, to open up more….start with like 20 tabs then read each one 🙂

    My record is 9 hours straight reading this when I discovered it.

    Love you guys and appreciate your takes on things…it’s really hard to find people talking about mental models, investing concepts, etc. Seems like everyone is mostly interested in what I call “lotto ticket mentality” stuff instead of evergreen timeless financial mindset training.

    Appreciate you guys and thanks for spending the time to share with all of us 🙂

    Brad

  • Nicholas Archer

    Happy birthday.

  • Huey

    I’m deeply grateful that you’re both going to keep this blog alive. I don’t come by as often as I should, but when I do it’s always hard to leave; always feels as if you’re leaving a friend behind. *bow*

    • professorbooty

      I usually post as Engineer7006, but I re-read a number of Joshua’s articles because there is so much good info in there. While I came here for the financial info, and I am ok if he is unable to post more on those topics, his thoughts on so many other subjects are what kept me coming back.

      • Huey

        I completely agree. The finance part drove me here but it’s the way Josh and Aaron think that keeps me coming back, regardless of the subject.

  • Karen

    Hi Joshua, couldn’t find the contact area but wanted to share that PBS is airing a documentary about Hamilton the musical on Oct. 21. Best wishes!

  • professorbooty

    I miss your food posts

  • If you are concerned about legal risk you could consider spinning off ownership of the blog into a separate legal entity. Thanks for the entertaining and educational blog!

  • A

    Hey Josh, would love to hear your thoughts on last night’s results. Any chance the Republicans can overturn the Obergefell decision with their control of Congress and the White House? Thinking of Aaron and you.

    • We appreciate your thoughts. We’ve been watching it carefully and, no surprise, it’s not good. In the handful of days since the election occurred, Trump and his incoming administration has:

      1. Appointed Ken Blackwell head of domestic policy transition. Blackwell is on the board of governors of an honest-to-God hate group that targets LGBT individuals and families. He supports having parents force their underage children into what effectively amounts to torture to try and get them to change their sexual orientation if the parents discover the kid is gay; a practice that has been condemned by the medical community as entirely ineffective, leads to exponentially higher suicide rates, and has been outlawed in multiple states.

      2. Floated the idea of Jefferson Beauregard Sessions as Attorney General of the United States. This is unbelievably extreme. The Republican party was so offended by him in the 1980s that it rejected the confirmation request of their own sitting President, Ronald Reagan. This is the man who looked at the first Hispanic nominee to the United States Supreme Court and, when questioning her in committee, started speaking in a fake Ricky Ricardo accent saying, “You have some ‘splainin’ to do.” This is the man who openly chastised the heads of the United States military for supporting the repeal of Don’t Ask, Don’t Tell because he believed that gay people should be kicked out of the service upon discovery, including losing their pension and other benefits despite putting their life on the line for the country. If confirmed, he will be in charge of Civil Rights enforcement despite a lifetime of nearly universally opposing civil rights for anyone who isn’t a white, Southern, heterosexual, male who follows a handful of Protestant beliefs.

      3. Given Mike Pence, the Vice President Elect, far more power. While the average American doesn’t know much about Mike Pence, he’s been on the radar for LGBT families for awhile because he is an unmitigated, raging fringe bigot. He’s one of the people that President Obama talks about when he says it’s astonishing all the hate Donald Trump gets when what he says isn’t nearly as offensive as what other politicians do but because the other politicians smile and those who aren’t effected don’t look into it, they get away with it. Pence isn’t conservative. He’s an authoritarian, Big Government fascist who is a True Believer™. It’s Sharia by another name. He believes God wants him to defend Christians by giving them the right to deny service to gay families and individuals the same way those in the South advocated didn’t want blacks at their lunch counters. He’s so anti-science the man started an HIV epidemic among drug users because he goes by his interpretation of spiritual doctrine not data. At this point, Trump getting impeached would be a nightmare scenario because Pence needs to be isolated.

      4. Named Steve Bannon as the Senior Advisor to the President Elect. The same Steve Bannon who has referred to women who disagree with his political positions as “Dykes”. One can only surmise where he stands.

      Ultimately, though, we’ll be fine. Trump himself isn’t who concerns me. Donald Trump couldn’t even get a majority of the RNC primary voters. He failed to get a majority of the nation’s voters and is losing the popular vote by more than 1.5 million American citizens, setting a record. While he will win the Presidency under the present rules, the fact is he has no mandate. His approval ratings are where Richard Nixon’s were during the depths of the Watergate scandal. He stumbled his way to victory on the back of the weakest Democratic nominee in generations and is surrounded by people that are going to try to manipulate and control him. He does not represent the soul of the American people. The bigger concern is the fringe element around him. Take heart, though. In 20 years, the history books will be written and they – that fringe element – will be as George Wallace was. It’s that simple. Civil rights groups are preparing for, in their own words, “total war” and, in the final analysis, there is one massive advantage they have that the bigots do not: They cannot possibly care as much, or sustain the kind of energy, needed to fight. This is what makes things like marriage equality different from abortion. If you’re gay, and married, it’s your life. Twenty-four hours a day, seven days a week, three hundred and sixty five days a year, you care about yourself and your family more than anything else. It’s not an abstract political position. It effects everything about your day-to-day existence. They can put something on a ballot 1 time, 5 times, 10 times and we will fight it, overturn it, and push it back Every. Single. Time. We will do it through the legislature. We will do it through the judiciary. We will do it through the executive branch. We will do it through corporations. We will do it through referendums. We will scream and fight. We will extract social, economic, and personal costs. A vast majority of young people in this country have never known any other President except President Obama. Many have said, “There’s no way civil rights can be rolled backwards”. They’ll see. If historical patterns hold for voter engagement – typically people in their 20s are apathetic but begin voting in large numbers as they age – time is on our side and it’s not just a wave, it’s a tsunami.

      On a positive note, it looks like Mitt Romney might be Attorney General, so there might be an adult in the room. It looks like General James Mattis might be the Secretary of Defense, which was a brilliant choice as I have no doubt he will defend the Constitution even against the President of the United States if necessary.

      The thing I find most heartbreaking is that the people who voted for Trump for economic reasons are already getting fleeced and they don’t know it. We’re about to see a giveaway to the top 1% that is going to make many of those in this community richer than they’ve ever been. Trump is effectively loading up the regulatory bodies with Wall Street insiders who want to dismantle almost all of the safeguards and regulations that have been put in place for small investors and the overall economy. I’ll be shocked if you don’t see an attempt at repealing the estate tax, as well. One comedian joked that, “[I]t’s a good time to have f*** you money” and that is certainly the truth. The bottom line, though? No jobs are coming back. Assuming we can take Trump at his word – and good luck with that – even if he were to attempt to do it with sticks and carrots, if the cost structure is too high, automation has now become a more potent force than globalization. My old hometown has one of the first domestic McDonald’s being tested for automated ordering and it’s going to make the experience so much more pleasant while simultaneously destroying many, many jobs. We’re living through Peter Drucker’s prophecy. It’s as messy as he said it was going to be though, so far, not as messy as historical transitions from different structural economy models.

      America is strong. America is beautiful and brilliant, vibrant and resilient. She’ll get through this. One thing I do know: Nobody will ever take my marriage from me or have a say in it, again. I don’t care what measures I have to take, I’ll devote all of my resources and free time to defending myself and people like me if it comes down to it. The genie is out of the bottle. Furthermore, every day that passes, those who want to push it back in die in increasing numbers as impolite as it is to say. Father time is doing most of the heavy lifting.

      • Abe

        Glad to know you’re still around. I truly do miss your posts. I hope your absence is only for a season. 🙁

        With regards to your marriage, you won’t fight alone. There are several of us that will advocate, defend, and ensure that you and those that come after you will always have the right to marry whomever they choose.

        • While we haven’t met in person, yet, that means a lot. Truly, it does. Thank you.

        • Abe

          It’s my pleasure.

      • God that sums up how I feel, nice writeup. I’ve enjoyed your site for a very long time. Stay strong, and stay strong America during this shit show.

  • Matt Gardner

    Hey Josh Can I get access to the Posts on Holding Companies I really loved those, they were my favorites.

  • Bronson Fong

    Hi Josh,

    With the controversy over Betsy DeVos, would you by chance release the post on your thoughts on improving education in America. I briefly remember you talking about parent playing a zero-sum game with their taxes and how sweden buses students for hours to far away public schools to ensure equality.

  • john.christian.94@mail.ru

    I’ve profited $104k in last 12 months by doing an on-line job a­n­d I did it by work­ing in my own time f­­o­­r few h on daily basis. I’m using a money making model I was introduced by this web-site i found on-line and I am so excited that i earned so much extra income. It’s very newbie-friendly and I am just so blessed that I found out about it. Here’s what I did… STATICTAB.COM/h8vxywm

  • I was paid 104,000 bucks previous year by working from my home a­­n­­d I did that by wo­rking part time for 3 or sometimes more h every day. I used an earning opportunity I came across from company that i found online and I am thrilled that i made so much extra income. It’s so user friendly and I’m so happy that i found it. Check out what I did… STATICTAB.COM/h8vxywm

  • gvannorman@mail.ru

    I profited $104000 in last 12 months by freelancing from my house and I was able to do it by work­ing part-time for 3 or sometimes more hours each day. I used work model I found online and I am so happy that i earned such great money. It’s user friendly a­­n­­d I’m just so grateful that i discovered it. This is what i did… STATICTAB.COM/8cx4rgs

  • NickK

    Hi Josh,

    Not sure where to post this question, but this article seems closest to the subject matter at hand (as I think you deleted the post that had all the relevant info in the latest purge). I had called the 312 number that used to be posted on Kennongreen.com, then didn’t hear back when the post came up about expecting a message from Aaron. I was caught up in some personal issues for the last several months but when I didn’t hear anything I went back to check and now the number as well as that other post is gone. Tried privately emailing you through the contact form on this website but didn’t seem to go through for some reason (it said try to contact the site administrator another way). So I guess this is that other way.

    Thanks,
    Nick