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.
After meeting my newborn nephew for the first time, Aaron and I went to grab lunch at Houston’s steakhouse on the Country Club Plaza. We had planned on going to Ruth’s Chris but everyone else was too exhausted so just he and I headed over to the shopping district because we wanted to look at…
There is a story told by Dr. Harry Emerson Fosdick that is a perfect lesson for happiness and success in life: On the slope of Long’s Peak in Colorado lies the rum of a gigantic tree. Naturalists tell us that it stood for some four hundred years. It was a seedling when Columbus landed at…
Ruby and I were having a conversation about religion in the United States today and I find it incredibly interesting that there is a small, cultish group of “Christians” (for lack of a better term) that are really nothing more than the modern day resurrection of the ancient Babylonian pagan cults. They are so ignorant…
When the United States was founded, life was not paradise as everyone seems to think in some sort of collective delusion. In fact, for all of its faults, America is far superior today to what it was in the past, even with our current fiscal problems. Consider that when the nation was founded: Women could…
Many of the Problems In Your Life Are Due to Your Assumptions One of the biggest secrets to success in life and business is to always check your assumptions. Whether you realize it or not, you are full of assumptions. You walk around every day, all day, making assumptions about people, places, political parties, institutions,…
The current valuation of Tiffany & Co. seems absurd to me. I do not understand why people are paying it. Let me walk you through the numbers.
I am a big advocate for rationality and using a rational framework to manage your life. But you haven’t heard me mock or disparage the doomsday group that has recently been in the news for its failed rapture prophecy that was supposed to occur on May 21st, 2011. Many followers of this cult cashed in…
We finished our business on the East Coast, though you only saw the personal parts of the trip, and flew back to Kansas City this afternoon. I’m finally starting to feel better. Most of the way home, I read magazines such as Architectural Digest and the Harvard Business Review. I also listened to my iPad…
After breakfast with Laura this morning, Aaron and I took a detour and ended up swinging by Rider University and went into the bookstore to pick up some paper, pens, highlighters, etc. We then picked my mom up at the hotel, and drove 2.5 hours through the mountains to visit Ashly and Ian. It was…
Had I been running this blog years ago, you would have seen Laura on a consistent basis. She was the Assistant Dean of Student Life and adviser to the Student Government Association back when we were in college. The lessons I learned from Laura were about people and human relationships. I am a better man…