Joshua Kennon is a Managing Director of Kennon-Green & Co., a private asset management firm specializing in global value investing for affluent and high net worth individuals, families, and institutions. Nothing in this article or on this site, which is Mr. Kennon's personal blog, is intended to be, nor should it be construed as, investment advice, a recommendation, or an offer to buy or sell a security or securities. Investing can result in losses, sometimes significant losses. Prior to taking any action involving your finances or portfolio, you should consult with your own qualified professional advisor(s), such as an investment advisor, tax specialist, and/or attorney, who can help you consider your unique needs, circumstances, risk tolerance, and other relevant factors.

Kennon-Green Elder Scrolls V Skyrim Ultimate Edition Vinyl Box Set Sweet Roll Comic Con Limited LP - Side A

The Elder Scrolls V: Skyrim “Ultimate Vinyl Edition” 4 LP Box Set “Sweet Roll” Variant by SpaceLab9

We recently discovered that in 2017, the SpaceLab9 booth at New York Comic Con sold an extremely limited edition Elder Scrolls V: Skyrim Ultimate Vinyl collection etched to look like the famous sweet rolls from the game. The collection, which was limited to only 95 copies, contains the full 52-tracks found in the game. The moment we learned it existed, we knew we had to have it. After some searching, in June 2020 we were able to track down one of those boxed sets. We immediately bought it for our music collection.

Economic Growth in Post Pandemic World

Thinking About Investing and the Economy Post-Pandemic

Keeping an eye on numerous individual companies, as well as a broad array of economic data, I am far more optimistic about the next ten years than I was this time last month. Yes, there will still be challenges, but it looks like much of the worst-case scenario has been averted. Now, it’s about navigating the problems we will encounter due to the specific policy decisions made in the midst of the pandemic.

Kill the Lights - Alex Newell and DJ Cassidy with Nile Rodgers

Music Recommendation: Kill the Lights – Alex Newell & DJ Cassidy with Nile Rodgers

Several incredibly talented people collaborated on a disco-style track called “Kill the Lights” that Aaron and I have been listening to on endless repeat.  The build-up to the chorus and explosion of happiness is great, especially when the volume is turned up, the sun is shining, and you’re getting stuff done.  You can’t help but dance.  It’s probably going to be the song we remember most from Spring 2020 (even thought it was released several years ago and just flew below our radar). There is just so much joy in it.

Coronavirus Vaccine May Never Be Developed

There Will Not Be a Coronavirus Vaccine Before Society Largely Reopens

Over the past few weeks, an interesting, and rather dramatic, development has occurred: A good minority of the population, often those in possession of what they deem to be stable incomes and sufficient savings, or who are otherwise cradled by some sort of safety net so they need not worry about homelessness and destitution, have moved the goalposts of the lockdowns from “flatten the curve to buy time for the hospital system to deal with a dramatic rise in patient loads” to “shelter-in-place until a vaccine is developed so this thing doesn’t spread.” The latter is predicated upon a fundamental misunderstanding that ignores the scientific reality of what we are facing.  Looking at subsequent developments in the pandemic, it’s time to face facts based upon all available presently-known factors.

More of the Areas Surrounding Our New Offices

A Behind-the-Scenes Preview of Kennon-Green & Co.’s New Offices

Given that so many of our family and friends can’t travel to see us during this pandemic, Aaron and I wanted to share an early access glimpse into our asset management firm’s new home. It’s not the same as seeing it in person but it should at least give you an idea of where we will be spending a lot of our time in the coming years as we allocate capital and scale operations.

COVID-19 Pandemic vs Economic Shutdown

What Price Should We Pay to Fight COVID-19?

We need to have a hard conversation.  These conversations are not natural, or even comfortable, for a lot of people but at this time, in this moment, it is necessary.  To that end, I am going to be candid and may even offend several of you.  That is not my intention.  Rather, I think it is important for us to be honest about what we are facing, the trade-off calculations that are going to have to be made sooner rather than later, and the political and social ramifications of those decisions.