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.
It’s been a long time since I’ve talked really about Nestlé SA other than mentioning it in passing last week. It was on my mind this morning, so I wanted to revisit it and talk about the business.
One of the things that has stuck with me, and I’ve been contemplating for the past twenty-four hours, is the passage on alienability of beneficiary’s interest, particularly as in regard to spendthrift trusts.
Mail Bag: Do You Think Polygamy Will Be Legalized in the United States? Over the past few years, I’ve received a lot of questions about the role of polygamy in American society and, in some cases, whether I think it will ever return and whether I think it should be legalized following its restriction in the…
I’ve been busy with family stuff lately, and, as part of that, taken several trips to the grocery store over the past few days. I was standing in the produce section looking at the fruits and vegetables when I experienced a sense of awe. It’s a human tendency to take for granted the things into which one is born but it really is incredible when you take time to reflect upon, and appreciate, the inheritance we all enjoy because of the men and women who came before us.
We made Korean Bibimbap for dinner last night as we sat down to watch more episodes of Let’s Eat but I’m just now going through the pictures, a day later. Although, technically, it was slightly less than authentic because our local supermarket didn’t have any bean sprouts!? (How is that even possible?) The produce guy knew…
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…
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.
We decided to make a delicious Korean Dwaejigogi-bokkeum recipe from Maangchi. We were not prepared for the level of burn.
I’ve tried to keep some semblance of privacy around my life since the blog audience has grown but, for a brief moment in time, I’m going to suspend that rule and write to you like I would have circa 2009 when it was mostly just Aunt Donna and a few other readers. Being so exposed makes me…
My earliest memories in life are in the early 1980’s. At that time, the older generation who cooked the food at family gatherings, church dinners, and social events in small town America that made up the fabric of my childhood was born between the late 1800’s and the mid 1920’s. There was a certain common thread that…