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.

Case Study: Read a Group of Stockholders Realize In Real Time They’ve Lost Their Entire Life Savings When GT Advanced Technologies Declares Bankruptcy

Are you in the mood for a case study resource for your own investment policy manual?  If so, brace yourself because this one is heartbreaking.  You can learn a lot from it, and save your own family a great deal of tragedy, but it’s going to involve surveying the ruins of the lives of others…

Standard Life Demutualization

The Standard Life Insurance Demutualization (Or How 72,000 Former Policyholders in the United Kingdom Are About to Forfeit £113,000,000 in Unclaimed Stock and Cash)

Imagine you have a policy with an insurance company.  This insurance company is mutually run, which means there are no stockholders.  Instead, the policyholders own the business and the enterprise is managed to give policyholders the best service, at the lowest possible price, as a cooperative undertaking.  Now, imagine that one day, the policyholders’ representatives decide they want the business to become a for-profit corporation.

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…