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.

“Tell Us How He Made It!” A Story of Warren Buffett, William Randolph Hearst, and Money

There is an apocryphal story about Warren Buffett that I always found useful. [mainbodyad]Years ago, when he was supposedly touring Heart Castle, the gargantuan San Simeon, California estate of American newspaper tycoon William Randolph Hearst, the tour guide spent hours highlighting the enormous scale and no-expense-spared luxuries.  He talked about how much money was spent…

The Milky Way Galaxy

How Big Is Earth Compared to the Universe?

Think about Earth.  The oceans.  The mountains.  The forests.  The millions of forms of life.  Thunderstorms.  Volcanoes.  Snow.  Our history, including past civilizations and enormous monstrous dinosaurs. [mainbodyad]Now consider that there are at least 10 trillion planetary systems in the known universe.  Notice the “at least”.  That is 10,000,000,000,000.  Earth would be “1” of those.…