Kennon-Green & Co. Global Asset Management, Wealth Management, and Investment Advisory

What Is Money?

Occupy Wall Street Part II: What Is Money? Do Liberal Arts Suffer at the Hands of a Capitalist System?

Yesterday, I explained how most of the people in the Occupy Wall Street protest haven’t yet realized the struggle isn’t between the rich and the poor – it is between the knowledge workers and manual workers, which Peter Drucker predicted in startling detail decades ago.   Charles Hughes, a professor at Henderson State University, had…

Read more
Top 1 Percent of Net Worth and Wealth in the United States of America

How Much Money Does It Take To Be In The Top 1% of Wealth and Net Worth in the United States

What does it take to be in the top 1% of wealth in the United States? Many of you write me and ask that question, hoping someday to make it into the top 1% of net worth but not sure where that line gets drawn. I thought it might be useful to provide a reference to which I could point people in the future whenever they write, as well as make for some interesting afternoon reading for those of you who are curious about the nature of the economic world in which we live.

Read more
General Electric Stock from the 1940s

Stocks vs Bonds vs Gold Returns for the Past 200 Years

I write a lot about investing in stock and investing in bonds over at Investing for Beginners at About.com, a division of The New York Times. There is a reason I tend to be far more favorable to equity investments (stocks) than fixed income investments (bonds) when it comes to long-term investing and why much…

Read more
Understanding Poverty by Ruby Payne

Being an Effective Educator and Communicator Requires an Understanding of the “Rules” of Your Students’ Social and Economic Class According to Ruby Payne’s Book A Framework for Understanding Poverty

My lunch with friends yesterday turned into a 3 to 4 hour event as we hung out at a local independent pizza parlor and discussed kids, love, True Blood, taxes, and a host of other things.  The topic of poverty came up (as is inevitably bound to happen when the group includes a social worker,…

Read more
Federal Reserve Bank

American Households Continue to Deleverage But That Only Tells Part of the Story

Americans Continue to Deleverage as Measured by Average Household Debt as a Percentage of After-Tax Income Paul Wiseman wrote in a recent Associated Press article: “Soaring housing prices in the mid-2000s made millions of Americans feel wealthier than they were. They borrowed against the inflated equity in their homes or traded up to bigger, more…

Read more

Kennon-Green & Co. Global Asset Management, Wealth Management, and Investment Advisory