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

Wisdom, Proverbs, and Knowledge

The Best Advice I Ever Received

The best advice I ever received came when my parents dropped me off at college. As they were getting in the car, my dad looked at me and said, “Your mom and I have done everything we could for you. We fed you, we clothed you and you have a high school education. From now on, it is your responsibility to make your dreams come true. We can’t do it for you, and no one else can either. If you want it, you have to do it on your own.”

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Do the Work That Is On Your Desk

How Do You Get Rich? Do What Is On Your Desk and Do It Well

A fantastic passage from page 97 of The Richest Man in Town: The Twelve Commandments of Wealth. It talks about how success in life comes down to execution of the work that is sitting your desk, right now. That means getting it done right, getting it done quickly, and getting it done with pride so that your name becomes synonymous with quality.

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Chinese Proverb Melon Seeds

Do Not Throw Away the Melon for the Seeds

There is a traditional Chinese proverb that goes something along the lines of, “Do not take the seeds and throw away the melon”. Though there are many ways you can approach this, and multiple lessons that can be extracted from reflecting on it, it can be particularly sage when it comes to running a business and allocating the cash flow from that business. One of my favorite examples comes from The Coca-Cola Company.

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Winter Pine Tree Confucius Chinese Proverb

The True Test of Greatness Comes in the Heart of Winter

When you are managing your business, your life, or money, the true test of your ability and talent will come during the bad times. Have you managed your liquidity well enough so that even the worst depression won’t wipe you out? Have you conducted yourself with restraint so you don’t find yourself buried under interest expense on credit cards and store accounts?

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