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.

Star Trek Captain Kirk

Jesus Christ vs. Captain Kirk: A Study of Mental Models (or “A Modern Example of Binary Beliefs and Cognitive Dissonance In Everyday Western Culture”)

The odds are good you won’t read this entire post.  The reason?  It has to do with confirmation bias.  If you think what I am going to say conflicts with your belief system – whether you are a scientist or a Christian – you won’t finish it to avoid cognitive dissonance even though you aren’t…

American Manufacturing Percentage

Surprising But True: America Still Manufactures the Same Percentage of World Goods as It Did More than 21 Years Ago

Tell me what you think of the following statement: “American manufacturing has been destroyed over the past 20 years?  Going back further, it’s nothing like it was in 1960.  Everything is made in China now.” [mainbodyad]If you agreed with the statement, congratulations!  You failed.  Miserably.  Start thinking for yourself and stop watching the news commentators…

Making $100,000 Per Year as a College Student

How We Made $100,000 a Year as Full-Time College Students

I found some of our old tax filings from last decade!  It turns out that around our college days, living together in the apartment complex next to the Quakerbridge Mall in Princeton, New Jersey, our combined household income was somewhere between $80,000 and $100,000 even though neither of us had full-time jobs and we were both students attending school on music scholarships.  (This is the same apartment that I showed you a few months ago.)  The difference between the two figures depends on whether you count unrealized capital gains as “income” since our net worth was increasing but it didn’t reflect in our taxes at the time.