Hawaiian Cheeseburgers and an After-Dinner Walk in Laguna Beach
We tried pineapple teriyaki cheeseburgers and then went for a walk in Laguna Beach during sunset.
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.
Nearly All of the Economic Gains of the Past 10 Years Have Gone to the Top 20 to 50 Markets
For as long as I can remember, one of my “must read” annual reports has been that of a regional bank called M&T Bank Corporation. This particular bank is legendary among investors for several reasons.
Xiaolongbao at Din Tai Fung in Costa Mesa
One of you suggested we try a restaurant called Din Tai Fung; specifically, their xiaolongbao. They were delicious and lived up to their reputation!
You Should Try the Dosirak Korean Restaurant in Irvine, California!
There is a Korean restaurant in irvine, California known as 도시락, or Dosirak. It sells boxed Korean lunches and they are delicious! I highly recommend it.
The South Coast Wilderness Running, Hiking, and Biking Trails Are Incredible
We decided to explore the South Coast Wilderness trails. We weren’t prepared for how spectacular they are.
Filing Regulatory Paperwork for Kennon-Green & Co. and Thoughts on the Past Couple of Years
Yesterday, Aaron and I completed the annual regulatory paperwork for Kennon-Green & Co. It made us reflect on our lives and careers over the past few years.
Who Is the Future Self-Made American Millionaire?
More than generation ago – all the way back in 1996 – the late Dr. Thomas J. Stanley released a book called The Millionaire Next Door that detailed how actual wealth accumulation differed from people’s incorrect assumptions. I think the formula for future generations of self-made millionaires will be slightly different.
You Cannot Understand the Rise of Wealth Inequality Without Acknowledging the Role of Interest Rates
In August of 2014, I wrote a post called Lies, Damn Lies, and Statistics. I penned it because, at the time, I was seeing a lot of situations in the media in which data was being used to push a political agenda on either the far right or the far left. I’m now seeing this same sort of deception in discussions about wealth inequality.
Let’s Talk About Elizabeth Warren’s Proposed Wealth Tax
As many of you know, Elizabeth Warren has been getting a lot of press lately after proposing a wealth tax equal to 2.00% on fortunes above $50 million and 3.00% on fortunes above $1 billion. As an academic exercise, it’s useful to consider what that would mean for the United States.
The Federal Government Collects More Absolute Tax Revenue Than During Any Other Period in American History
In recent years, the United States Federal Government has found itself in the fortunate position of collecting more inflation-adjusted, real purchasing power tax revenue than it has during any other period of its 242 year history. For the government’s 2019 fiscal year, tax receipts at the Federal level are expected to balloon to an almost unfathomable $3.422 trillion.