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.
After my post on The Fresh Prince of Bel Air earlier, I began thinking about the media industry. One of the things I find most fascinating when studying history, businesses, mental models, and the human experience, is the unexpected cultural phenomenon. There are certain things that happen, at certain moments in time, that are only…
On June 26, 2014, I beat my first Deity game in Civ 5. I decided to play a Highland map surrounded by mountains, huge, with maximum city states. Luck of the draw pitted me against Genghis Khan, who was never able to march an army to my capital in time due to the long, almost impassible mountains that stood between us.
My niece and nephew were over at the house a couple of days ago and I ended up playing Eurotruck Simulator 2 with them as I had picked it up during one of the past Steam sales. In it, you want to start a freight company but you have no money so you take driving jobs. As you amass capital, you establish your own trucking business, setup a headquarters, acquire new equipment, and increase profits. You can even program your radio to play your own mp3 files.
The Hobby Lobby decision has been all over the news and it seems like everyone has an opinion on it (few people bothering to read the actual opinion from the Supreme Court). Despite many messages from you asking my thoughts, I haven’t written about it for several reasons. [mainbodyad]I believe this is a case that never should have been…
Estee Lauder couldn’t get an ad agency to accept her company as a client because her budget was too small. Facing rejection after rejection, she decided to take the $50,000 she had set aside for marketing and try something new. Undeterred by the endless stream of “no”, she mailed direct samples to consumers, launched a virtually…
Mental Model: Expression Contagion Whether you are a business leader, running a non-profit, or even a weekday book club, one of the most dangerous assumptions you can make as a decision maker is believing that people implicitly agree with you. A lot of folks mistake lack of opposition for consent or affirmation when that is…
What defines financial success? Each of you probably has your own answer, but here’s how I think about it.
Long story short, I’ve been looking into Taipei for various reasons and, in the process, discovered that McDonald’s serves limited edition White and Black burgers there. Besides the fact it warms this American’s heart to know that I’m collecting New Taipei dollars (McDonald’s dividend day was last week and, with the exception of my two sisters, I have practically every member of my family holding shares somewhere, so the deposit is fresh on my mind as I saw it come in across the accounts), I would very much like to try these out of sheer curiosity.
We made omurice this afternoon because it’s Saturday and that means the family comes over to watch Korean dramas. They are in the final episodes of Rooftop Prince, one of my favorite shows of all time, and those of you who see it know the main characters are obsessed with this particular meal. [mainbodyad]Omurice is…
Whenever I’m traveling, one of the things I miss most is the Missouri sky. Even during the trip to California a few weeks ago, where we saw everything from beautiful wine country to world class beaches, the sky wasn’t of the same caliber. Though the same weather patterns can sometimes spawn monster thunderstorms, they give birth to breathtaking works of art. It’s that sky that helps make the ground so verdant.