Oct162015
Gender and Age of Joshua Kennon Demographics

Blog Demographics 2015 Edition: If Life Were a Game, You Would Be Champions

Announcements54 Comments

It’s time for our annual review of the blog community demographics! Actually, I hadn’t realized it since we’re busy launching the global asset management firm but a few of you sent me messages asking where it was so I wanted to take some time out to get the latest numbers up for you. The short version: Continuing the usual trend of winning, it will likely surprise no one that, since last year, you’ve managed to grow a bit older, mostly richer, and better educated. When people talk about the top of the socioeconomic bell curve, they are speaking about many of you. This community is extraordinary.

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Oct142015
Cash Flow Management - The Two Levers Philosophy by Joshua Kennon

Revisiting the Two Levers Philosophy of Cash Flow Management

Making Money21 Comments

One of the major lessons I’ve tried to teach is that building your net worth comes down to two levers: Cash in and cash out. That’s it. That is the entirety of the game when you peer past the distractions and gaze into the heart of the mathematical reality. From a financial perspective, every action you take for your career or business ultimately only matters in so much as it someday serves to exert force on one of those levers so that more cash is flowing in than is flowing out, leaving a surplus. It sounds so simple but when you see things through the focus of this particular lens, you can more quickly identify the actions that are likely to have an outsized effect, both for good or bad, on net worth.

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Sep282015
Hamilton an American Musical

Hamilton: An American Musical About Self-Study, Obsessive Reading, Taxation Policy, and Hustling for What You Want In Life

Music13 Comments

I am a huge fan of the work of biographer Ron Chernow (many of you know him for writing Titan: The Life of John D. Rockefeller, Sr., which is the best biography on the oil giant that has ever been published).  Back in 2004, he wrote a biography of Alexander Hamilton.  If you don’t have a copy, you should buy one and read it.  My edition is marked-up, highlighted, cross-referenced, and scribbled upon.  Through 800 or so pages, he lays out the story of one of America’s founding fathers.

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Sep242015

Stuffed Pepper Recipe with White Rice, Olive Oil, Roasted Onions, Ground Beef, Garlic, Diced Tomatoes, Monterey Jack Cheese, Black Pepper, and Fresh Parsley

Food and Beverages12 Comments

While I picked up some shares of Johnson & Johnson stock for one of our personal accounts today and worked on the launch of the global asset management business, Aaron decided to make a stuffed pepper recipe he told me last night he wanted to try. I’m so glad he did because they are incredible. You need to make them yourself.

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Aug272015
Oil Tanker Oil Stocks

Let’s Talk About Investing in Oil Stocks and the Oil Majors

Portfolio Management, Stock Market, Stocks, Value Investing53 Comments

I’ve received a significant number of requests over the past few months asking that I discuss what is happening with oil, natural gas, pipeline, and refining companies; to explain how I look at the situation and the sorts of things Aaron and I discuss when we’re allocating our own capital or the capital of those who have entrusted their assets to us. It’s a big topic with a lot of niche considerations but I want to take some time today to address the oil majors; the handful of mega-capitalization behemoths such as ExxonMobil, Chevron, Royal Dutch Shell, Total, ConocoPhillips / Phillips 66, and BP.

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Aug172015
Caleb and Tara White Coat Ceremony Featured

Attending My Brother’s White Coat Ceremony for Medical School

My Day In Pictures12 Comments

My brother’s white coat ceremony for medical school was this past Saturday! We went to cheer him on as he was assigned to his docent, with the internal medicine experience up first. (Though he’s part of the class of 2019, I think he’s graduating in 2018 because of however his particular academic experience and credit history happened to coalesce. I’m not entirely clear on how the mechanics work. Whatever it is, it won’t be long before we’re calling him “Dr. Kennon”.)

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Kennon-Green & Co. Fiduciary Financial Advisor, Wealth Management, Global Value Investing