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.
Waco, Texas has some of the best cupcakes in the world. Who would have thought it? As I mentioned earlier, in the past couple of days, I’ve been in Oklahoma City, Fort Worth, Waco, and I am about to head to Dallas. Before leaving Waco, we stopped by a cupcake bakery that came highly recommended.…
Normally, I am a 4-to-5 star hotel guy but in smaller cities, those options don’t exist so I default to a handful of well-known brands, such as Hilton. I can say definitively that the Hilton Hotel in Waco, Texas, is a perfect example of how a single great employee or two can make a business stand out to…
I am in a small city in Texas on business. I need to stop by several of the cities here to accomplish various things. As of this moment, I’m in Waco. We were in Fort Worth this afternoon and Oklahoma City this morning. Tomorrow, I’m heading to Dallas for a few days for an unrelated…
Imagine it is 1987. Tiffany & Company is raising money by issuing shares to the public at $23.00 each. You have some savings and are thinking about starting a business. Instead of running your own enterprise, you decide to focus on your day job and become a co-owner of one of the most famous businesses…
The other night, while I was working, I caught an episode of the television series Supernatural. It was Season 5, when Dean meets Death; as in the rider of the pale white horse in the Book of Revelations during the end times apocalypse. He had been freed prior to the all-out destruction of the Earth because Lucifer…
To understand home foreclosures, you need to understand how bank mortgages are structured. Once you do, it will be easier to see how I view the problem of dealing with losing a home because you will see there is no “bank”, there is only a conduit through which depositors – waitresses, business owners, factory workers,…
The blog has a lot of foodies that check out the gourmet food posts and who send me recipe suggestions, tips, etc. I wish I had time to get the recipes up for the homemade Alfredo sauce, marinara sauce, and lasagne, which are among the best I have ever had. The first and last were…
Now that the desserts, chocolate covered strawberries, and spa water are done, my sisters have arrived and the Italian food is being made. My niece asked me to go outside with her and play with sidewalk chalk so I braved the 90+ degree heat and we broke out the giant box I keep at the…
I’m making the spa water for mom’s birthday dinner tonight now that the chocolate dipped strawberries are done and the homemade Italian food needs to be started. A few days ago, we got a book called Spa Water – A Guide to Creating World Class Spa Water at Home that details the recipes found in some…
Over the next few hours, four or five generations of the family are descending on my house where we are preparing for my mom’s 50th birthday celebration tonight. Before everyone gets here, the spouse and I are getting the chocolate covered strawberries ready. The brownies were baked last night, my sister is picking up the…