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.

Quincy Florida - The Town of Secret Coca-Cola Millionaires

How Quincy, Florida Became a Town of Secret Coca-Cola Millionaires

In the 1920s and 1930s, a banker named Pat Munroe in the small town of Quincy, Florida noticed that even during the depths of the Great Depression, otherwise impoverished people would spend their last nickel to buy a glass of Coca-Cola.  With good returns on capital, and a once-in-a-century valuation so low that the business was trading for less than the cash in the bank, “Mr. Pat”, as he was called, encouraged everyone he knew to buy an ownership stake in the firm.  He would even underwrite bank loans, backed by Coca-Cola stock, for his responsible depositors to encourage people to acquire equity.

Demographic Analysis 1st Edition Joshua Kennon Blog Community

An Inside Look at the Site’s Demographics: A Breakdown of the Readers

As promised several months ago, we implemented demographic tracking on the site to the list of other abilities we have and are now collecting data.  Using one popular source, which will improve over time as a bigger sample is developed, the trend that is showing up everywhere is evident.  It should only get better as more data points are put into the pool, so I’m excited to see who, exactly, is reading.

Did Leona Helmsley Have Narcissistic Personality Disorder? I have no idea. There can be little doubt that she displayed some traits that were narcissistic.

A Study In Paradox: Leona Helmsley Illustrates That Destructive Traits Such as Narcissism Can Sometimes Lead to Fantastic Life Results

This is the second in a three-part post on narcissism; the topic du jour for our mental model study. We’ve been talking about narcissism for the past few days and one interesting thread that comes up throughout history is that narcissism, despite being horribly destructive and disruptive, can work, in rare situations, in the favor…