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’ve spent my entire day buried in documentation for Magento, playing around with the test server I setup. Installing themes is horribly inefficient compared to what it should be, but otherwise, this open source platform is truly revolutionary in terms of what it’s doing for e-commerce.
We spent Christmas Eve this year with my in-laws, and Christmas morning over at my parent’s house having breakfast. Unfortunately, with my sister and her family living a couple hundred miles away now, they weren’t able to be there. (My mom and dad, not being able to stand not to see their grandkids, got in…
Heather Mac Donald has written an astonishingly good piece over at The Wall Street Journal called “The Humanities Have Forgotten Their Humanity“. It details the academic coup that occurred in one of America’s premier English departments a few years ago when the junior faculty at UCLA overthrew the core curriculum. These misguided fools threw out the…
One of the greatest observations, and most empowering truths, ever penned, uttered, conceived by the human mind came into being when Alice Koller had the strength of character to admit to herself: I’ve arrived at this outermost edge of my life by my own actions. Where I am is thoroughly unacceptable. Therefore, I must stop…
With the holidays concluded, too many Thanksgiving, Christmas, and reunion dinners to count, endless nights with family and friends, and the bulk of the busy season behind us in the businesses, we spent today in our pajamas as the snow fell outside, cooking a pot roast and working on some projects we wanted to finish. (Technically, we still have one Christmas celebration left, which was postponed until later this week.)
There is a new interactive quiz at The New York Times that lets you see how your speech choices match up with various geographic regions in the nation. It’s fairly quick and can provide some interesting results. Here’s a look at mine. I’m most verbally at home in Missouri, Tennessee, and Kentucky, though, interestingly, I have a…
Jeremy wanted to know what I thought of a specific business but I think it’s more important to talk about how I think about businesses in general. Here’s a rundown of what I see when a company’s annual report lands on my desk.
I’ve been thinking about you this Christmas season. This audience is unique. Demographically, you represent a collection of men and women with far above average talents, connections, and resources. The power you have to change lives in your own communities is huge. A small amount of output, when you set your mind to it, can have a disproportionately large benefit…
One of you, writing under the name Emma, posed a question in the comments section of another post. You asked me whether or not I thought a firm like Coca-Cola could repeat its historical performance. Rather than answer the question directly, I realized this would be a great opportunity to explain the variables that drive…
Visiting Aunt Donna, Mexican Coke, Race Cars, and Putting Together a Retirement Plan Our afternoon was spent in Independence, Missouri taking advantage of the secret rebate Costco is giving its members on imported Mexican Coca-Cola. At Amazon, a 24 pack of 12 ounce Mexican Coke is $44.95. Costco normally sells them for $19.92 if you have…