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.
Back in October when I fell off the Korean Drama bandwagon, there was a suggestion in the comments that I watch a show called Pasta. Needing something to do while I was on the elliptical machine in the gym, I once again thought, “Ah … just one episode”. I’m 18 hours into it. [mainbodyad]The problem…
Indirectly, at least. The Norwegian sovereign wealth fund, arising from the events set in motion in 1969 when the country struck oil in the North Sea, has managed to avoid using the wealth it generates from crude on temporary boosts in government spending, instead conservatively investing it for the good of the nation. It’s grown…
This is, without a doubt, one of the simplest, coolest, most useful investment tools I’ve ever come across on the Internet. Enter a ticker symbol and – Bam! – the records for the company filed with the Securities and Exchange Commission and divided into their own boxes, separating financials such as the 10-K and 10-Q…
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.