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

Mental Model by Joshua Kennon

Mental Models: Hobson’s Choice, Morton’s Fork, and Burdian’s Ass

Mental Models: Hobson’s Choice, Morton’s Fork, and Burdian’s Ass Hobson’s Choice: A free choice in which only one option is offered; i.e., “take it or leave it”. Morton’s Fork: Is a choice between two equally unpleasant alternatives (in other words, a dilemma) or two lines of reasoning that lead to the same unpleasant conclusion.  It…

Read more
Mental Model by Joshua Kennon

Mental Model: The Revolution of Satisfied Expectations

Mental Model: The Revolution of Satisfied Expectations The Revolution of Satisfied Expectations: “Research conducted by Daniel Kahneman of Princeton University, and by others who have come to approximately the same conclusion, shows that most people judge their well-being not by measuring where they stand but rather based on whether they think their circumstances and income…

Read more
Free Time By Generation

Congratulations – You Have 5 Hours More Per Week Than Your Parents (and 40 More Hours Than Your Great Grandparents)

John Robinson of the University of Maryland and Geoffrey Godbey of Penn State University have done research showing that “Americans now have more free time than at any point in the nation’s history.” They calculate that since 1960, the average American has gained 5 hours of free time per week even after adjusting for women entering the work force.

Read more

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