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.

Blog Demographics 2014 Edition: You Are Richer, Better Educated, and Have More Kids

Like the residents of Lake Wobegon, another year of better data analytics and audience growth has cemented what we’ve already known: As a group, you’re way above average.  You are considerably richer and better educated the average person in the United States, more likely to identify as politically independent, more likely to have children, and skew…

Mental Model by Joshua Kennon

Mental Model: Intergenerational Transmission and What It Has to Do With Adrian Peterson Beating His Child

Mental Model: Intergenerational Transmission and What It Has to Do With Adrian Peterson Beating His Child A huge percentage of the people in this community are fans of the mental model concept – ideas, like tools, that can be used to analyze, study, and understand both why and how something is happening – made popular by Charles…

Park Avenue Millionaire

Lewis David Zagor Leaves Behind an $18,000,000 Secret Fortune Amassed from Investing in Stocks and Mutual Funds

It’s no secret that most wealth in the United States is so-called stealth wealth.  We now live in a country where roughly 1 in 5 families earns six-figures a year or more, which most people wouldn’t believe, and for those who put aside money, something like 80%+ of millionaires hide their net worth from friends and…

Joshua and Aaron Cheese Plate Closeup

Slow-Roasted Vegetables, French Onion Soup, Fresh Bread, Aged White Cheddar, and Plum Cheesecake

Slow-Roasted Vegetables, French Onion Soup, Fresh Bread, Aged White Cheddar, and Plum Cheesecake We spent the day at home working on a project we need to get done for the one of the businesses.  As usual, we’re big believers in concurrent time management so we used the opportunity to test slow cook recipes and soups because they…

Aga Cooker 1

The AGA Cooker – How a Blind Nobel Prize Winning Physicist Created One of the World’s Greatest Stoves

In 1912, one of Sweden’s greatest inventors, physicist Gustaf Dalén, was blinded during an accident involving pressure containment for his gas accumulators.  He had created a device for use in unmanned lighthouses.  This device lit itself at night and extinguished in the morning, improving marine safety, thereby saving countless lives and immeasurable property.  Despite the setback of…