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.
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…
Here is a great question about first home buying and what to expect … Dear Joshua, I’ve learned a lot over the years reading your content, and I value your in-depth research and nuts-and-bolts discussions on a lot of the subjects you talk about. With that, I have some questions about home ownership. My wife…
Yesterday was reasonably productive, but not in the things I needed to get done. I blame the rose project. My obsession has grown to the level of total infatuation. It’s a thing now; just like investing, cooking, writing, and music. At least it’s not a really expensive hobby like horse racing. To give you…
My Younger Brother Finished His Undergraduate and Is Off to Medical School My younger brother, Caleb, who spent six years in the U.S. Air Force after high school, has decided to become a doctor. He graduated today with a B.S. in Biology, summa cum laude; the last step he needed to complete as per the…
My morning was spent reading the New Hampshire Bar Journal, Winter 2010 edition because I was interested in a piece by Joseph F. McDonald, III called Migrating Trusts to New Hampshire: The “Why” and the “How”. New Hampshire, along with a very few other states, allows the existence of something known as a “silent trust” or “quiet trust”. It made me realize: I think a person could use these to drive a truck through the college financial aid process.
After planting the easy Knockout Roses, which are looking better and better with each passing day (they started as tiny sticks of wood and have blossomed so quickly I hardly recognize them), I made the leap into the more “serious”, higher maintenance rose families this afternoon. I went to my local nursery and bought two…
This is one of those deep, working essays that many of you won’t want to read that deal with understanding the underlying structure, changes, and direction of society. It is a response to a question by commentator Frat Man left on this thread. He asked: Hey Joshua, I had a question for you. As every…
How can people do this and live with themselves? This is the sort of thing that if I were running a company, I don’t care if we made millions of dollars a year in profit doing it, I’d shut it down. I believe it is immoral. Sure, it breaks no laws that I know of but it strikes me as ethically wrong. It is the reason we need stronger consumer protection laws in the United States. I believe it preys on the ignorant; the people who don’t know any better and who are trying to secure their future.
In 1927, Hugh Roy Cullen was approached by Jim West, a wealthy lumberman who had invested in projects with Cullen in the past. On a Saturday, West called Cullen to his downtown Houston office, where he made the following offer: I’ve got $3,000,000 lying around. And I’ve got the West Production Company, which don’t amount…
Across the Atlantic Ocean, several members of the European Union are experiencing an economic catastrophe that is, for them, on scale with what the United States went through during the Great Depression. To illustrate the depth of the pain using two examples, the unemployment rate in both Spain and Greece now stands at 27.2%.