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.
I don’t talk about it very often, but one of the charitable organizations close to my heart are community food banks and soup kitchens. These non-profits collect groceries for those who can’t afford to feed themselves or their children, allowing them to avoid hunger. They resonate with something very deep in my core, maybe because I…
A few of you know I’m in the middle of my 1970-1990 counter-evidence study, in which I dive into books on both extremes of the so-called culture wars, reading everything from radical feminists to conservative preachers to understand some of the things that were happening in the United States at the time from the perspective…
Hands down, I am strongly convinced the single most incompetent source of regularly published financial advice or business information of any major newspaper in the United States is the money section of USA Today. The conclusions are often outright wrong, the understanding of accounting and economics vapid, and the headlines written to achieve nothing more than clicks without leaving the reader better informed than he or she was in the beginning. It is the fiscal equivalent of fluff, only worse because fluff can be fun without leaving an inaccurate impression on something as important as national economic policy.
The economics of the movie theater industry are interesting. In many cases, up to 70% of the ticket price goes to the movie studio that created the film and the distributor who sold the rights to it, leaving the remaining 30% for the owners. This creates a situation where most of the profit comes from…
We’re working on making our own homemade version of Chipotle’s burrito bowl so we can throw them together fairly quickly (make the salsa in advance, pre-measure the ingredient portions, and all you have to do is a handful of steps in less than 20-30 minutes whenever you want to mass produce them).
As an investor, you can make a lot of money if you are adept with numbers. This skill can let you see what is really going on and create mathematical models that maximize your earnings. There is a little known story that Warren Buffett was once in a meeting for Blockbuster, the movie rental chain that is now bankrupt.
Two barred owls have moved into the trees behind the house and have been hanging out for a few weeks. They tend to fly together and one likes to stare into the windows, watching us inquisitively.
Now that the white chicken chili is on the stove, it’s time to turn attention to the nectarine white chocolate cream pie on the other side of the kitchen. There are quite a few seasonal fruits available – nectarines, plums, cherries, and strawberries among my favorites – so I’m hoping to do as much experimentation as possible before autumn arrives and my attention gets turned to apples, cranberries, turkey, maple, and other flavors that tend to be best when the air has a bit of a nip in it. It almost seems impossible but before we know it, it will be time to put on sweaters and light the fires.
This step-by-step recipe guide will walk you through making our favorite white chicken chili recipe. It’s delicious and I highly recommend you add it to your culinary skill set because it is easy, delicious, and comforting, particularly during the cold winters.
There has been a lot of talk over the past few days of corporate inversion. Corporate inversion happens when an American company changes its domicile to another country by merging with a foreign entity. Inversions have been occurring at a rapidly accelerating rate. Pfizer attempted one of the largest inversions in history with the AstraZeneca merger that…