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

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…

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President Obama State of the Union

The True Source of the Unemployment Problem: In the Next 10 Years, 50% of Jobs Will Require Training Beyond High School Yet 25% of Students Aren’t Even Graduating from High School

The single most important line in the President’s State of the Union speech to Congress last night hasn’t gotten a lot of attention.  Here it is: Over the next ten years, nearly half of all new jobs will require education that goes beyond a high school degree. And yet, as many as a quarter of…

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German Mark Inflation

The Money Illusion – Why Thinking About Things In Nominal Currency Can Destroy Your Net Worth

In 1928, Irving Fisher published The Money Illusion (seriously, buy it – it’s only $7.95), which discussed the human fallacy of thinking about things in the nominal currency of your home country instead of in terms of purchasing power.  The concept phrase “money illusion” was coined by legendary investor and economist John Maynard Keynes. The…

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