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.
Imagine you have a craving for ice cream. You and your spouse decide to get in the car and go to the same Dairy Queen you’ve patronized dozens of times in the past, spread out over several years. You run a blog and you’ve taken pictures of it. You’ve had many conversations about what is…
I was a victim of the generation gap tonight. I stepped into something for which I was neither prepared nor do I ever want to witness again. It was, without a doubt, the absolute worst movie I have seen in my entire 30 years on planet Earth. It was so bad, that it wasn’t even good in a cult classic redeeming sort of way.
A topic I’m studying now from a mental model perspective is that of “Otherkin”. Don’t know what it is? You aren’t alone. It’s a sub-niche movement of people who believe – not pretend, but actually believe – they are partially, or entirely, non-human. Some think that they have been reincarnated with the soul of an animal, dragon, fairy, plant, alien, cartoon, demon, angel, elf, vampire, etc. Some believe they actually are partially these things biologically.
Our cherry parfait roses are coming in more pink and white, with a hint of cream, rather than a stark red with blinding white. It could be the particular genetic makeup of this individual cherry parfait rose bush, or it could be temperature and sunlight dependent as some roses will bloom differently depending upon the…
One of the few, big lessons I constantly hammer home is that money should work for you. It is a tool. You should not sell too much of your life for it in the form of time. You should not trade your integrity for it. In a prosperous society, money proper doesn’t even really exist;…
Winter white honey – remember that phrase and start buying it now because it is among the most delicious and amazing honey varieties in the entire world. The name winter white honey comes from the color of the honey, which is derived from the wildflowers in the Rocky Mountains of Idaho that the honey bees use to create this nectar. It’s white and creamy, not yellow or amber. The flavor is unreal. None of us have ever had anything like it. We opened a bottle and soon everyone was laughing and dipping spoons in eating it like candy.
Here’s a good question for beginners about how one might think about converting an asset base, or pile of cash, into a stream of passive income.
The honey bee dance, also known as the honey bee waggle dance, is one of the most amazing things found in nature. To understand why it is so important, you need to appreciate how much we depend on the honey bee, how complex its hive behavior is, the specialization of tasks, and the ways in…
Warning: This is the working essay I promised to release earlier tonight. It deals with certain common cult beliefs that arise throughout human history and civilizations. It contains mature themes, images, and concepts. It was written for myself as a way to process and understand these recurring patterns. Due to the length of the essay, I…
They are growing! It’s working! The pink rose bush released a flush of roses today after only having one or two flowers, which I had cut for my desk. It’s gotten much bigger than it was only a week ago. I wasn’t sure if it would work in the spot because it isn’t getting as…