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.
If life were like Civilization V, this is the point in which King Sejong the Great would be getting the message from President Obama, “My people are buying your blue jeans and listening to your music.” The Kennon-Green household has given into the 한류. First, though, we need to back up so you have some context.
Some things are noted for their rarity. The return of Halley’s comet. The Chicago Cubs winning the World Series. Joshua Kennon and Aaron Green buying a car. After years and years of discussing our search for our next car, the bargain we had been waiting for finally presented itself.
Epiphany moments are powerful things that can change the way you manage your life, the direction of your career, or how you look at the world.
As many of you noticed, Aaron and I went radio silent more than a month ago. This was entirely due to the fact that we are spending nearly every waking moment in the final stages of establishing Kennon-Green & Co., the asset management firm that we hope to have open within the next sixty to ninety days if all goes as planned.
Mondelez International, maker of Cadbury Chocolate and Oreo Cookies, has launched a takeover bid for The Hershey Company. Long-term owners should not be happy about it.
I’ve avoided speaking about the Brexit situation because I ultimately believe that it is not my place to tell British citizens how their country should be run even though I am a stakeholder in their success. While there are what I could consider extraordinarily high probabilities that the decision to leave the European Union will lead to lower GDP, the fact remains that GDP isn’t everything. Money, and the economy, exists to serve a civilization.
The quartet of financial independence is made up of cash flow, liquidity, profitability, and net worth. Each requires management and should not be neglected if you want to build lasting value for you and your family.
In life and in business, you have to know who you are, what you stand for, what you believe, and how you will proceed. Trying to be all things to all people is a recipe for disaster that leaves no one happy and sabotages your success.
Nestlé dividend day has come and gone for both the owners of the Swiss shares directly in Zurich and the holders of the ADR here in the United States. The board continued its tradition of hiking the dividend.
Highly productive people tend to have several characteristics and traits in common, including focus, drive, and ambition. What causes them?