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.
Yesterday, I mentioned that we should make some sort of stew or pot roast so the house was filled with the warm, inviting scent of roasting meat and vegetables for most of the day. I didn’t think anything of it, and figured it would happen later in the week, but upon waking this morning, I heard grocery bags being unloaded and discovered the process had already begun to try a new pot roast recipe that included carrots, celery, potatoes, parsnips, beef broth, chicken broth, a finish of red wine, herbs, and a few other ingredients. As I’ve sat here going through some work I need to finish, the fragrance keeps getting stronger; it feels like a home should.
On an earlier post about the new Disney MyMagic+ program, which discussed capital budgeting from the investor’s perspective, there was a question left in the comments by Donald Pato about money market funds and money market accounts. I couldn’t fit my response in the comments box, so I am writing it as a stand-alone post…
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…
I’ve seen a lot of rumblings on the Internet over the past few months about writing in cursive. From people complaining on Reddit that it is the most useless skill they have to the media uproar in the George Zimmerman trial when it was discovered that star witness couldn’t read cursive and had to have…
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.
I’m going to start back in on the projects I mentioned earlier today, but for now, I’m making good on my promise. The house is filled with the scent of the artisan breads I’m baking as a trade-off for the caramelized carrot soup I was gifted this afternoon. For my first round, I’m making various sizes…
Last night, I had this intense craving for a dish we made back in January, a caramelized carrot soup with peanut butter and cinnamon garnish. I swung a deal where, I would get it prepared for me today if I agreed to prepare several loaves of whole wheat artisan breads that could be used over the next week for sandwiches and panini. It seemed like a fair trade, so later tonight, I’ll be busting out the pans. It was fun, because while the soup was being made and filling the house with this really unique, and hunger-inducing fragrance, I tried out the newly remastered Ducktales Game on PlayStation.
After writing about mental models earlier today, it made me realize how this approach to life becomes second nature to examine your own thoughts and feelings as they happen so you are self-aware of the subconscious triggers that are pulling your thought processes in one direction or another. In that respect, even a video game can be useful as a tool.
There’s a particularly powerful mental model – I won’t identify it for those of you who are still learning to memorize them on your own, leaving you a bit of a challenge – that constantly comes up in the news in a way that makes me so incredibly angry it’s hard to understate. [mainbodyad]It’s the…
I haven’t posted much about what is going on in the garden since back in May, when the Cherry Parfait Roses began to bloom. You saw the beginning of the Fuschia plant cycle, and they have really become something remarkable. They now attract hummingbirds regularly to the house, and it’s wonderful having them around all…
