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.
The parade of so-called “peasant dishes” from classic cuisine continues! A peasant dish (a term somewhat offensive to my American sensibilities), is a meal made up of low-cost, widely available ingredients that are improved with specific cooking techniques and spices. Peasant dishes evolved out of centuries of experimentation by working-class families in France, Germany, Italy, Spain, and England; the by-product of cooks, housewives, and head chefs improvising, experimenting, adjusting, and modifying the foods they had on hand to create something extraordinary with limited resources.
Read everything you can, put it into practice, and don’t stop until you can break apart the topic into its constituent parts.
Twenty one years ago, in a time long before it was common knowledge, a now-devoutly religious musician discovered that the Catholic Church had become what essentially amounted to the largest and best funded pedophile ring on the planet, shielded by the good-natured willingness of communities to give the benefit of the doubt to those they saw as authority figures and a hierarchy filled with men who were more concerned about protecting reputation than saving children. Rapists were shifted from town to town, city to city, with no mention of their undisclosed molestation to parents who allowed their innocent sons and daughters to be around these monsters.
The short version: Even if you only rarely cook at home, you need to buy this cookbook. It’s out of print but there are a few cheap copies left on the secondary market through Amazon so you might be able to get one if you hurry. The longer explanation: One of the sub-tasks in my Well…
A young, successful reader turns her financial life around and is now building her investment portfolio. Hi Joshua, First off, I thoroughly enjoy reading your blog — I’m sure you hear this statement quite a bit. I stumbled upon your writing originally from About.com probably around a month or so ago. I have been silently…
I won’t give anything away but, in a general sense, I am beginning to think the writers like using Edith as a punching bag for the sake of keeping the joke going. By Season 5, I expect her to be a paraplegic living in the attic of Downton Abbey after a horrific motor car accident;…
Several years ago, I told you one of my big strategies for achieving things was creating projects, giving them a code name, setting a deadline, and tracking them in Things task management software. At any given time, there are main projects that span several quarters, or in some cases, years, with several sub-projects underneath them.…
I thought it might be useful to look at another great American enterprise that everyone knows, that has been part of many investor’s portfolio for decades, and is often ignored: The Hershey Company.
Several of the mail bag questions I’ve been getting ask for specific examples of how to look at the world, including the news, through a rational mental model approach. A perfect illustration fell into my lap today so I’m going to group these responses, write this post, and then reply to all of those who…
If you are comparing yourself to other people all the time, you’re wasting your mental energy and your emotional reserves. Josh, I read the site and it both encourages and discourages me. You expect us to achieve so much. Don’t you understand that not all of us are you? How are we supposed to do…
