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.
I’m in for a night of crunching financials on spreadsheets to try and figure out if a potential opportunity we came to Texas to examine is feasible or wise at various price ranges. It’s going to be a long night, so everyone ordered up milk and cookies to sustain us until the wee hours of…
My family and I stopped by the Neiman Marcus flagship store in downtown Dallas for several hours this afternoon between business commitments to look at tableware, crystal, and fragrances. The store is wonderful. I won’t get into the housewares I found (my favorite being a pewter accented serving pitcher adorned with sculpted fruits for when…
We are finally in Dallas. As far as cities go, I love Dallas. I’m thrilled with Dallas. It, like me, is fiscally conservative and socially liberal. There is plenty of high-end shopping. There are world-class restaurants. Several major airports are within driving distance. Unlike my former home in the New York metro area, I can still…
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…