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’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…
With another six months of data, the demographic story on who you, the readers, are is becoming clearer than it was with the preliminary numbers published back in February. (Too bad this isn’t a television show. With numbers like this, I’d be running a major network.) You are far more interested in the following topics…
I am often asked questions about how to make money online and politely dodge them as it’s a vast topic, every bit as complex as investing, that could put me at a competitive disadvantage were I to discuss our techniques in the level of detail that I often require of my writing. Earlier today,…
In the 1930’s and 1940’s, the Carlay Company in Chicago, Illinois developed a candy coated dietary suppressant called Ayds. It sold the business to Campana Corporation. Campana was then sold to Dow Chemical. In the 1960’s, Dow sold the business to Purex and hired legendary Hollywood stars and other celebrities to endorse the product. In…
A reader and I are having a discussion about the limits of using laws to legislate morality. I referenced Justice Scalia’s dissent in the Lawrence v. Texas case, where he lamented that we are now at the point that there is no longer any legal basis for the citizenry to legislate moral decisions that don’t…
I put in and order on Saturday to buy a few more shares of Nestlé SA on Monday for my family’s personal accounts. I spent much of the weekend reading the company’s 125th anniversary biography and studying the original balance sheets and income statements of the firms that went into forming one of the world’s most profitable holding companies.