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 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…
Interesting fact: Do you want a financial “A” in life? To achieve it, and rank in the top 5% of households (making you richer than 95 out of 100 families), you and your spouse need a combined pre-tax income of $205,300 and a net worth of $1,864,100. [mainbodyad]That is according to the triennial Survey of Consumer Finance, which was…
In some ways, I am my father’s son. In other ways, I take after my mother. When it comes to travel and an affinity for technology gadgets, I definitely take after mom. In fact, in these two areas, my dad and my personalities are so far apart, it is almost comical. It rarely comes up now that I’m an adult with my own family, but occasionally, we are involved in a joint project of sorts that requires us both to be in a city. This happens to be the case this morning and booking the trip was like Iran and Israel trying to agree over peace terms, only a lot friendlier.
This weekend, I traveled several hundred miles to visit one of my grandmothers, who hosted a family dinner. On the drive, we went through some extremely poor communities; places where a family of four or five might live in a $22,000 house. This caused me to think about poverty for the past couple of days.…
When Peter Lynch was 33 years old, he was put in charge of the obscure Magellan fund, which had $18 million in assets. This was 1977, so today that is about the same as $63 million. The amazing thing about Peter Lynch is, it would have been effortless for him to raise billions of dollars…