Investing is the process of putting aside money today in exchange for more money in the future. This process involves risk but, when well managed, can help grow your wealth over time due to the power of compounding. This is the investing archive that includes articles published on JoshuaKennon.com. If you are looking for more great content, visit Joshua’s Investing for Beginners site at About.com, a division of The New York Times.

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

GameStop Corp stock index is seen on a smartphone. Trading in GameStop impacts Wall Street hedge funds. PENANG, MALAYSIA - 31 JAN 2021.

Let’s Talk About the GameStop Short Squeeze

The news has been filled with stories about GameStop and other stocks with high “short” interests being squeezed in recent weeks so there is no point in me rehashing the specifics. There is a lot I could cover about the actual procedure for how trades settle, how short squeezes happen, who is innocent and guilty, and a host of other relevant topics. Enough ink has been spilled, digital and print, that I’m going to focus on the bigger picture, instead. This whole situation is not good.

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Economic Growth in Post Pandemic World

Thinking About Investing and the Economy Post-Pandemic

Keeping an eye on numerous individual companies, as well as a broad array of economic data, I am far more optimistic about the next ten years than I was this time last month. Yes, there will still be challenges, but it looks like much of the worst-case scenario has been averted. Now, it’s about navigating the problems we will encounter due to the specific policy decisions made in the midst of the pandemic.

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Antique Prices as an Investment Have Collapsed

Antique Furniture Prices Have Collapsed

I’ve been watching, with increasing interest, the catastrophic market decline that has been playing out in antique case goods, furniture, decor, and other related historical items.  This category of assets, which had been on a steady, upward climb for nearly thirty years prior to the Great Recession, has been in a free-for-all, nosediving with such violence that the implosion is breathtaking in both scope and severity.

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What is a Franchise Investment

What Is a Franchise?

The word “franchise” is used to describe an arrangement in which one business, the franchisor, allows another business, the franchisee, to use its name, trademarks, trade secrets, intellectual property, branding, operating systems, and internal support resources in a specific geographic area, sometimes with an exclusivity provision that guarantees no other franchises will be granted within a specific buffer zone so the franchisees aren’t cannibalizing sales from each other, in exchange for some sort of payment.

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50-Year Maturity Sovereign Bonds in Euros

The Folly of Investing in 50-and-100-Year Bonds

Benjamin Graham once wisely observed that more money has been lost by investors “reaching for yield” than stolen at the barrel-end of a gun.  During periods of anemic interest rates on fixed-income securities, bank deposits, and cash equivalents, a combination of impatience, action bias, and desperation causes savers to do what they would otherwise consider extraordinarily foolish.  

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