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.

Swedish Meatballs with Lingonberry Sauce

Swedish Meatballs and Lingonberry Sauce with Last Night’s Episode of Breaking Bad

After my mom, dad, and youngest sister stopped by this afternoon for banana birthday cake, my brother and, later, my sister-in-law, came over for dinner.  We ended up opting for Swedish meatballs with lingonberry sauce and chunky red potatoes, while Tara, Aaron, and I caught up on last night’s episode of Breaking Bad, which none…

Joshua Kennon Birthday Banana Pecan Cream Cheese Cake

Banana Birthday Cake with Cream Cheese Frosting and Pecan Garnish

With me turning 31 this week (thank you all for the birthday wishes on this morning’s post!), Aaron offered to make any birthday cake I wanted.  Now that we’ve tried most flavors following the past few years of non-stop cooking and baking, I decided to go with something slight off the beaten path: A banana birthday cake, finished with a cream cheese icing and chopped pecans.  

Hawaii Overprint Bank Note

Hawaii Overprint Banknotes

When the Japanese attacked Pearl Harbor, the military brass quickly came to the realization that if the islands were to be captured, the invading army would have access to a large amount of United States banknotes, held by individual citizens, businesses, banks, and institutions, which they could then use throughout the world as there was…

Successful People Want to Marry Other Successful People

Income Inequality Is Partially Caused By Women Joining the Work Force

We’ve talked about income inequality a couple of years ago; specifically touching on the role of marriage patterns and assortative mating in household income levels.  We’ve also discussed the economics of assortative mating more directly – the deeply ingrained tendency of people to marry other people like themselves with similar educational backgrounds, cultural values, personalities, and career orientations. One interesting result of this is that the women’s liberation movement in the 1960s and 1970s planted seeds of radical income inequality that are just now coming to fruition. Of course, it’s not the only cause of income inequality, but it certainly does play a meaningful role in the gap that has developed between the well-heeled and the penurious.