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.
As fate would have it, around the same time my family decided to start a week of Italian cooking two days ago, kicking it off with a remake of one our favorite Marcella Hazan recipes and vowing to go through more of her cookbooks, the legendary author had passed away in her Longboat Key, Florida home.…
If you want a restaurant quality pasta dish with a wonderful flavor and a per serving cost of only $0.88, this butter and sage sauce should be in your family’s recipe box. After the pictures, I’ll share the ingredients, process, nutrition, and cost breakdown. Why am I making it in the middle of the day?…
With all this business talk of pasta, I couldn’t stand the temptation, anymore: I decided this is going to be a week of Italian recipes, and I am going to go through the greatest Italian cookbook ever published, trying nearly everything I can.
I love a morning when I get to start the day by talking about DuPont Return on Equity analysis, and Barilla’s not-so-subtle strategy to avoid reporting market share losses in the midst of its public relations meltdown is intelligent from an accounting and psychology perspective. This discussion will probably be interesting to the financial wonks…
Thank you all for the amazing comments and suggestions you left on my post about my investigative project with the weird kWh figures I was getting from my utility company. I’ve been so obsessed with the project I haven’t had time to write individual responses, but I did read every one of them and, in many cases, add it to a task list to check and / or immediately go out and spend some cash on a device that could help narrow down the problem.
I Think Someone Is Stealing My Electricity … or the Power Company Is Making Up Numbers Okay, it’s not that I think someone is stealing my electricity per se, it is that I have eliminated nearly all other possibilities and have narrowed the situation down to a handful of unlikely scenarios that are the only…
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…
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.
Generally speaking, it’s a very bad idea to rely on Wall Street analysts to make decisions for you when it comes to your investment portfolio. Often, people who work on Wall Street display a strong bias toward overoptimism when it comes to future results, while neglecting the stable, boring companies at fair prices.
This is one of those inside-baseball questions that the serious, more-than-part-time investors out there will probably enjoy. Hi, Joshua. I could read your blog all day. Thanks for everything that you do. When I read your commentary on payout ratios, it seems to focus on EPS payout ratio, or dividend coverage. I don’t understand why you don’t…