It’s a Holly Jolly Day to Buy Some Ownership in Walt Disney
Since we were at the original Disneyland location, it seemed like a good excuse to pick up a handful of shares of The Walt Disney Company to add to the souvenir collection.
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.
Carthay Circle Has a Three-Course Dinner with Reserved World of Color Tickets
You know I love The World of Color. There is a restaurant called Carthay Circle that offers a three-course dinner. If you dine there before a certain time, it includes a reserved ticket to a premium viewing area so you can watch the show from one of the best spots without having to stake out your…
The Coca-Cola Refreshment Corner in the Happiest Place on Earth
I experienced investor nirvana this morning. I was standing on Main Street in Disneyland out here in Southern California, taking a photograph of The Coca-Cola Refreshment Corner, with the cart vendors selling Nestle ice cream, and the loudspeakers begin playing, “The Wells Fargo wagon is a comin’ down the street”. It’s as if my investment portfolio…
Bask In The Imperial Symbolism
After writing about the mathematics of Borda count voting systems as applied to the Eurovision contest, I realized I never posted the Russian performance, presented by the virginal 17-year old Tolmachevy Sisters. Bask in the symbolism of both the staging and the orchestration choices. Those of you with a history or music background will spot it…
What Bearded Ladies Can Teach Us About 18th Century Borda Count Voting Systems and Making Money
The Washington Post this morning had a story about the political discontentment in Russia over the outcome of the 2014 Eurovision competition. Given that a few days ago, I outright said I’d personally emigrate were I living in Russia, this confluence of events is particularly timely. I’m going to use it as an excuse to talk about something known…
Moroccan Trade Routes and Lines of Credit
I spent my morning taking the Moroccan empire to victory in Civilization V against the world thanks to an extensive network of highly lucrative trade routes before going to the bank with Aaron to sign the contract for a new working capital line of credit our banker recommended. The whole experience was a pleasant surprise.
To The 1,850~ of You Who Live in Russia, I Offer a Serious Suggestion: Emigrate. Now.
When I wrote this post a year ago predicting the decline of individual freedom in Russia, I never could have imagined how far the country would descend in a mere eleven months. In addition to the Ukraine conflict, the anti-free speech laws that make it a crime to insult certain religious beliefs, the criminalization of any outward sign that you are gay under the guise of protecting minors, the ban of any potentially offensive words in film and art, and a host of other development that look like something out of a 20th century dictator’s textbook, the country has now passed a so-called “bloggers law” that requires any site with more than 3,000 visitors every day to register with the government.
Famed Value Investor Christopher Browne’s Estate Becomes Most Expensive Home In American History At $145,000,000
One of the most famous value investors of the past 100 years was a man named Christopher H. Browne. His father started a small firm, Tweedy, Browne & Company, that was Benjamin Graham’s stockbroker. It was through Tweedy Browne that Warren Buffett bought his personal shares of Berkshire Hathaway, taking control of the textile mill he would…
Korean Beef Bulgogi and Family Night
We tried a Korean beef bulgogi recipe for dinner this afternoon, which is available online for free and is incredibly easy to make. This would be a great first recipe for someone who didn’t know how to cook so if you’ve been thinking about getting started in the kitchen or on the grill, give this one a go.
The Rationality of Irrationality
When I adopted rationality more than a decade ago, discovering that the only intelligent way to go through life was to base decisions on the preponderance of evidence, critically attacking ideas to improve thinking, and working to constantly remove assumptions from my analysis, it was akin to the conversion of Saul in Acts 9:18; scales falling from my eyes and seeing the world for how it really was for the first time. I never anticipated how painful it would be to see others remaining behind in Plato’s cave given my natural inclination to teach and help people. Even reading the articles on news stories can be unpleasant.