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

A Significant Minority of the Population Is Wired to Steal (and Why This Matters If You Own a Business)

We talked about theft a couple of years ago but it’s on my mind, again.  I still struggle to come to terms with it, despite overwhelming, conclusive evidence that it is true: A small percentage of the population will steal, simply if given the opportunity. They won’t even need the stuff.  They may not even want…


One of Europe’s Oldest and Most Secretive Families Has Been Using Its Private Holding Company To Buy Up The World’s Coffee Assets

I’ve watched in fascination over the past couple of years as German conglomerate Joh. A Benckiser has been quietly buying up the world’s leading coffee brands, acquiring Caribou Coffee for $340 million, Peet’s Coffee & Tea for $974 million, and my personal obsession, Douwe Egberts for $9.8 billion, among others.  The firm is the personal holding company of…


Dinner at The Providence New American Kitchen at the Hilton President in Downtown Kansas City

Aaron, Caleb, Tara, and I are in downtown Kansas City because later this evening, we are meeting Matthew and his wife Jaclynn at the Lyric Opera of Kansas City to see the premier of Mozart’s The Magic Flute.  Arriving early, we realized we hadn’t eaten anything and picked a nearby restaurant that had decent reviews; the Providence New American Kitchen at the Hilton President.