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

Change the Way You Think About Business Ownership and You Can Change Your Life - Header

Change the Way You Think About Business Ownership and You Can Change Your Life

Shortly after World War I, Raymond Poincaré, the Prime Minister of France, decided against partnering with Royal Dutch Shell to fund the energy needs of the French people.  One of his military commanders, Colonel Ernest Mercier, worked with 90 banks and businesses to establish a new oil company called French Petroleum Company (er, technically, Française des Pétroles Compagnie since they weren’t speaking English).  The name might sound prosaic but keep in mind this was the era of “General Electric” and “Standard Oil”.  The new undertaking began operations on March 28th, 1924. Today, that business is known as Total, S.A. and it is one of the six supermajor oil powers on the planet.

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You Can Still Get Rich and Make Money In a Terrible Economy with a Miserable Stock Market

You Can Still Get Rich and Make Money In a Terrible Economy with a Miserable Stock Market

Towards the back of the most recent General Electric annual report is an interesting graph.  It shows what an investor would have experienced by putting $100 into three different investments: GE shares, the S&P 500, and the Dow Jones Industrial Average.  It assumes that dividends were reinvested in each respective investment when they were distributed.  How were you rewarded for six years of patient investing, assuming you added no fresh cash outside of the dividend reinvestment?  Take a look.

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Money Is a Tool - Use It Wisely

Your Goal Is Not To Die With the Highest Net Worth Possible, It Is To Maximize The Utility of Your Family’s Money

Saving money is important.  Investing money is important.  But if you don’t cash in some chips at some point in your life, all of your efforts will have been wasted because those claim checks on society will be taken by the government, spent by your heirs, or redistributed through fees and expenses by professionals such as attorneys left to sort out the inevitable lawsuits that result in the fight over your fortune after you’re gone.

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