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

AIG Diversification

What AIG Can Teach Investors About Diversification

Imagine that back in 2007, you had $3,000,000 to invest on behalf of a private family investment partnership you were running.  You decide to split this into three different companies.  One of these was AIG, the insurance conglomerate. AIG shares fell from a high of $1,459.00 each to $6.60.  The Board of Directors had to do a 20-1 reverse stock split to keep the thing from trading for less than the value of bottle caps.  

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Simone's Drive In

The Kennons, El Dorado Springs, and The Wall Street Journal

We talk so often about the divide that is slowly happening in the United States as a result of socioeconomic forces.  I did a double take this afternoon when I came across the front page of The Wall Street Journal involving a story based on this reality.  It has a profile detailing how vastly different life experiences…

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Metroid Pixel Art Joshua Kennon

I Captured a Metroid

My youngest sister made our day yesterday by stopping by the house to visit for a few hours.  She had been at the NakaKon convention in Overland Park and saw an 8-bit pixel Metroid collectible she thought I’d love.  She was right.  Upon holding the specimen, I temporarily reverted to a six year old, 1980s-living, NES-dominating beast.  Behold, and listen to the theme if you need some adequate inspiration.

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Tesla Motors showroom in Munich, Germany

New Jersey Bans Tesla to Protect Car Dealer Monopolies

Tesla Motors, the Silicon Valley-based electronic car company that has revolutionized energy efficient vehicles and become a cult icon, operates its business like Apple.  It designs amazing products, then sells them direct-to-consumers through specialty branded stores, staffed with knowledgeable sales associates.  By cutting out the middleman, Tesla can pass more savings on to the consumer,…

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