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.

Horne v Department of Agriculture Supreme Court Case

Horne v. Department of Agriculture: Supreme Court Hands Down Major Win for Constitutional Property Rights

You may never look at raisins the same way again.  The highest court in the United States just handed individual citizens a major win in terms of personal property rights, striking down one of FDR’s New Deal programs by depriving the Federal Government of a power it has illegitimately exercised for decades.  The case was called Horne et al., v. Department of Agriculture.  It stemmed from The Agricultural Marketing Agreement Act of 1937, which gave the Secretary of Agriculture authority to issue “marketing orders” for the purpose of maintaining stable markets in specific commodities.

The Great Boston Molasses Flood of 1919

Lessons from The Great Boston Molasses Flood of 1919

It is January 15th, 1919.  You’re in Boston, Massachusetts shortly before lunchtime.  Sitting at 529 Commercial Street is a three-year old tanker owned by the Purity Distilling Company, a subsidiary of United States Industrial Alcohol.  At 50 feet high, housed within the steel body of this five-story behemoth is 26,000,000 pounds of sticky, sweet molasses; one of the most popular sweeteners…

Joshua Kennon Blog Cache Upgrades

We’re Turning Back On One of the Caching Systems Today So The Blog Should Start Loading Much Faster

Now that we’re back from Chicago, I’m going to try to spend a few hours each day working on the blog upgrades we’re rolling out as part of Google’s new focus on mobile-friendly sites.  With somewhere around 40% of the changes done on the backend, we’re reactivating the first of the cache tools today, combining it with the Cloudflare network to see if there are any conflicts.