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.
March 3rd, 2015, is the 10th anniversary of National Pancake Day. If you head to an IHOP, you can get free pancakes. They ask, but you are not required, to make a donation to charity in lieu of paying for your meal, with the goal being to raise $3,500,000 this year for Children’s Miracle Network Hospitals.
You might want to consider bringing your own maple syrup, though. As you know, one of the few things in life that irritates me to no end is the (what I consider) stupidity of the pancake industry, which has now, in 2015, nearly completely replaced every single store brand maple syrup with “pancake” syrup instead, which is really dyed corn syrup.
When Aaron and I were at the World of Coca-Cola in Atlanta, we thought about buying our niece and nephews some gifts from the retail store but ultimately decided to give them something more valuable: Stock. We’ll make another transfer to the custodianships I setup last year, modeled partly after the one we established for my youngest sister more than a decade ago.
It is absolutely nuts to me to see this clip of Warren Buffett that was discovered. In it, he was just shy of 32 years old, roughly the same age I am now. He was completely unknown outside a tiny circle of people, though rich, wasn’t one of the richest men in the country (let alone…
On the way back from spending the week with friends, Blake and Karen, on Captiva Island, we decided to take a detour to meet up with two other old friends we don’t get to see very often, who happened to be at Walt Disney World. We were heading toward Tampa and re-routing to Orlando would only a few of hours to the trip, so we arranged to have lunch in a pub at Downtown Disney before we had to get back on the road, again.
We stayed at a rental house called Otter Banks on Captiva Island, Florida, when our friends got married and invited us down for the week.
We woke up in Atlanta, Georgia this morning and decided to go to one of the most sacred spots in the entire Western Hemisphere: The World of Coca-Cola. What might appear as a mere beverage to some is practically a cult in the South. Coke reigns over this city like royalty thanks to the fact…
President Obama’s administration has announced that he wants to impose a one-time tax levy of up to 14% on the $2 trillion in foreign profits American companies have built up and not repatriated in exchange for making repatriation on future foreign profits that were subject to at least a 19% tax rate tax-free, encouraging domestic…
If you need something to brighten up your day (or make you feel despondent depending on how you look at it), this is living proof that all you have to do to be successful in life is give people what they want at a price that is higher than the cost it takes you to deliver it to them, with sufficient margins for risk, capital tie-up, and opportunity cost. You can literally fail 3rd grade science and, if you satisfy a want, make six, seven, or even eight figures a year. The system we have now forgives a lot of shortcomings if you prove useful in other areas.
Back when Dave Thomas left his discipleship of Colonel Sanders of Kentucky Fried Chicken fame to go off and start the hamburger chain that we now know as Wendy’s (which he named for his daughter, Melinda) one of my favorite things he did was find a way to reduce waste – and thus costs –…
We’ve had fun over the years answering the question, “How much money does it take to be in the top 1%?” and even looked at the breakdown of how the top 1%, as a class, generates its money. If you enjoyed those posts, hold on to your seat because there is a new report out that…
