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.
How Many People Earn More than $1,000,000 Per Year In the United States? This mail bag question deals with a sub-specialty of the top 1%; those earning more than $1,000,000 per year, or $83,333 per month, often in the form of dividends, interest, and rents. How many people earn more than $1 million a year…
This is one of the most fascinating things I’ve ever seen … there are people who can’t recognize faces; even their own, or their children. They think as many as 1 in 50 people suffer from it, but just like color blindness, it never occurs to them that they are different unless they have to…
As I’ve explained in my two bucket theory, time is one of the most important, if not the most important, commodity you have. To a large extent, your life represents how you’ve invested your time thus far. Whether you are rich or poor, in shape or overweight, successful or a failure, well put together or a…
Each of us has a brain chemistry baseline that is part of our genetics. Some people are naturally content most of the time. Others are miserable no matter how well their life is going. No one ever tells the people in the latter category how to function.
After writing We All See, Smell, Hear, Taste, and Feel the World Differently, I have been running different exercises and simulations in my life to add to my knowledge of other people’s perspectives; how they go through the world and how those input filters influence cognition. One of the tools has been image filters to see…
I left work and went to Lowe’s to pick up a few things for the home renovation project. As I’m walking and conversing with Aaron, with whom I was speaking at the time, I see pickaxes out of the side of my eye. I think in the back of my mind, “Oh, I need that to…
To the fragrance aficionados writing me, yes, I realize I haven’t written a fragrance review or update in six months, since responding to the Mail Bag question asking to look inside my fragrance cabinet. Sorry. I’ve been busy with other things. I’ll try to be better. And thank you for sharing your recommendations and suggestions for new…
Several times each month, a family member, friend, colleague, or reader will ask me about dress shirts for men. Questions range from what to look for in a quality dress shirt to the names of some of the best shirtmakers in the world. For the sake of efficiency, I sat down this weekend and wrote a beginner’s guide to dress shirts for men, which can serve as a reference. This makes it easier for people to find, and save me time because I can point to it whenever a question arises, not having to repeat myself.
I was reading the news when I saw that a drug-addicted fool in Florida burned down one of the world’s oldest trees, a 3,500 year old Cypress named “The Senator”.
When I was first starting out, I found the world was full of general philosophy articles, essays, and commentary about finance, investing, saving money, and starting a business. Very few people offered nuts-and-bolts here-is-how-we-are-structured explanations, though, which is what I valued more than anything else. As I began to approve my monthly banking transactions this afternoon, I thought it might be useful for some of you to see how I setup our cash management system in the early days. The basic structure stays with us, even though it is necessarily more complex.