Legend of Zelda Pixel Art
One of my sisters went to a Comic-Con event and brought me a Legend of Zelda pixel art magnet. I love it.
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.
Reading the Johnson & Johnson Annual Report to Stockholders
The experience of Johnson & Johnson owners over the past decade is informative in understanding the role valuation and growth plays in determining total return outcome. Let’s take a closer look.
My Day In Pictures – Hiding In One of Kansas City’s Top Luxury Hotels, Enjoying Room Service, Going Over Stocks, and Playing with New iPads March 23rd / 24th, 2011
Last night, I realized that I needed to take a trip to the local Charles Schwab & Company branch office to turn over a framed Berkshire Hathaway Class B certificate that we had on the office wall for a few years as decor because the stock split 50-1 and the transfer agent had been continually…
A Technique for Comparing the Intrinsic Valuation of Two Stocks
One technique I find helps a lot of investors act more rationally is one I developed during my late teenage years. I would convert all companies I was analyzing to $100 per share to make comparison of the figures and yields easier. In essence, this allowed me to ask the question, “How much profit am I buying for every $100 I put into this company?” If I paid a high multiple for a particular business, it forced me to justify the higher valuation by writing down my reasons for my belief.
The Basics of How to Analyze an Investment Portfolio of Individual Stocks or Other Securities
I thought it might be useful to show you how I’d analyze an investment portfolio and calculate a reasonable estimate of not only expected growth in capital but the overall economic characteristics of the holdings.
What Is Morality? Are Morals Relative to Circumstances?
I often hear people throw around words like “moral” and “immoral”. What does this mean? Does morality change or is morality something that is always true and unshifting through the sands of time? Words mean something so I have to identify what it is to be “moral”. That means we need to frame the parameters.…
“Tell Us How He Made It!” A Story of Warren Buffett, William Randolph Hearst, and Money
There is an apocryphal story about Warren Buffett that I always found useful. [mainbodyad]Years ago, when he was supposedly touring Heart Castle, the gargantuan San Simeon, California estate of American newspaper tycoon William Randolph Hearst, the tour guide spent hours highlighting the enormous scale and no-expense-spared luxuries. He talked about how much money was spent…
Chocolate Peanut Butter Cupcakes
Continuing on their quest for the perfect cupcake, my mom and Aaron were cooking up a storm in the kitchen tonight making what turned out to be an amazingly fantastic chocolate and peanut butter cupcake filled with cream peanut butter and layered with melted liquid milk chocolate. Here are some pictures of the work in…
How the Average American Family Spends Its Money
Have you ever wondered how the average American household spends its money? How much goes into food versus shelter or how much money is spent on transportation versus clothing? This great chart helps illustrate the most recent government data on household expenditures by category.
New York Federal Reserve President William Dudley Teaches About Inflation Using the iPad … And Makes People Angry
There was a firestorm of controversy this morning following remarks by New York Federal Reserve Chairman William Dudley. In an attempt to explain how the Federal Reserve calculates inflation, the Fed President commented to a group of working class people that you can’t just look at the price of food – the price of everything has to be factored in to understand what is happening to the purchasing power of the dollar.