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.
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…
Yesterday, we attended the Diana Crane Scholarship Benefit Concert in Princeton, New Jersey, spoke at the event, and had our foundation make a gift to celebrate the 26 years of service of one of our favorite professors at Westminster, the music school of Rider University. Diana was both Aaron and my academic adviser throughout much…
At least that is my personal opinion. Finally! At this point, I had taken a bite of (and spit out) more cupcakes than you can imagine. Some of these legendary bakeries made products that tasted liked Crisco or raw butter. But we heard about a new little cupcake shop that had opened in Princeton, New…
Tonight, Aaron and I attended a concert designed to benefit a scholarship setup in honor of one of our favorite professors, Diana Crane, now that she has decided to retire. We agreed to speak at the event and had the Kennon & Green Foundation make a donation to the fund. I was grateful that I…
We were supposed to have breakfast with Jimmy this morning but we ran late because I was still really, really under the weather and trying to drag myself out of bed. You may remember him; he works for a major opera company in the United States and was a Fulbright scholar with whom we attended…