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.
This is a great question about habits of successful people and families … I read your post about energy savings and saw a comment from from someone named Melissa K. You had responded to a reader from overseas and shifted your language and units to their syntax, talking in square meters and degrees Celsius rather square…
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…
It’s possible your beef, pork, lamb, fish, or chicken is really a bunch of scraps held together by something known as meat glue, or transglutaminase enzyme. The next time you go to the store, you may want to check for it so you know what you are actually buying.
An Update on the (Almost) Year-Long Energy Saving Program Almost a year ago, I began to notice some weird things with our electric bill. What followed was me getting obsessed with figuring out where the energy was going, even measuring the daily cost of operating my coffee pot. Then, a resolution to take $2.4 million…
The Federal Reserve 2013 data detailing changes in household wealth, income, and other statistics is now public and you can go here to download the spreadsheet files and other resources or read the 41-page summary detailing the changes over the past three years since the last survey was released [PDF]. Here is a paraphrased summary of…
Eight years ago, a 14 year old boy in Arizona was statutorily raped by a 20 year old woman. Under the guidelines of the state in which the rape occurred, no one under 15 years old, under any condition, can consent. As a result of the rape, the rapist got pregnant. She never informed the victim.…
I had so much work to do today, but I’m going to be up all night finishing it because I … uh … may have spent six or seven hours playing Tales of Xillia 2, which was released last week. When I woke up, I just didn’t feel like going anywhere or doing anything so I threw on comfortable clothes, grabbed a cup of coffee, made myself a plate of white cheddar, honey, and golden raisins on baguette slices, paired it with a big glass of milk, and went to the living room to lose myself in the world of Rieze Maxia and Elympios.
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…
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…
For reasons I cannot entirely articulate, I find that I have a problem with the subsidized hardware business model. There is something about it I find either insidious or distasteful.