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.

Dies Irae Principle

The Dies Irae Principle

I’ve been thinking about how differently people see the world and how that influences their view of events.  Something that rolls off one person’s back can cause another to spend a week sobbing in bed, barely able to contain their grief or embarrassment.  What is a minor setback to one person can be a career-ending…

Douwe Egberts Acquisition

One of Europe’s Oldest and Most Secretive Families Has Been Using Its Private Holding Company To Buy Up The World’s Coffee Assets

I’ve watched in fascination over the past couple of years as German conglomerate Joh. A Benckiser has been quietly buying up the world’s leading coffee brands, acquiring Caribou Coffee for $340 million, Peet’s Coffee & Tea for $974 million, and my personal obsession, Douwe Egberts for $9.8 billion, among others.  The firm is the personal holding company of…

Providence New American Kitchen Restaurant Kansas City Meatloaf

Dinner at The Providence New American Kitchen at the Hilton President in Downtown Kansas City

Aaron, Caleb, Tara, and I are in downtown Kansas City because later this evening, we are meeting Matthew and his wife Jaclynn at the Lyric Opera of Kansas City to see the premier of Mozart’s The Magic Flute.  Arriving early, we realized we hadn’t eaten anything and picked a nearby restaurant that had decent reviews; the Providence New American…

This Is Thin Privilege

Anti-Model: Emotional Fragility

A huge percentage of the writing on this blog is about positive models for success, including using things like mental models in an ethical and honest way to maximize your gains in life.  Yet, I also keep case studies and files on anti-models of behavior; things that, if emulated, can cause suffering, distress, unhappiness, and failure.…