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

Mail Bag Questions and Comments for Joshua Kennon

Mail Bag: Cash Flow Versus EPS for Intrinsic Value Calculations

This is one of those inside-baseball questions that the serious, more-than-part-time investors out there will probably enjoy. Hi, Joshua.  I could read your blog all day.  Thanks for everything that you do. When I read your commentary on payout ratios, it seems to focus on EPS payout ratio, or dividend coverage.  I don’t understand why you don’t…

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Successful People Want to Marry Other Successful People

Income Inequality Is Partially Caused By Women Joining the Work Force

We’ve talked about income inequality a couple of years ago; specifically touching on the role of marriage patterns and assortative mating in household income levels.  We’ve also discussed the economics of assortative mating more directly – the deeply ingrained tendency of people to marry other people like themselves with similar educational backgrounds, cultural values, personalities, and career orientations. One interesting result of this is that the women’s liberation movement in the 1960s and 1970s planted seeds of radical income inequality that are just now coming to fruition. Of course, it’s not the only cause of income inequality, but it certainly does play a meaningful role in the gap that has developed between the well-heeled and the penurious.

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Home Grown Roses in Vase

It’s a Hyper-Focused Project Day Today

Last night, I had this intense craving for a dish we made back in January, a caramelized carrot soup with peanut butter and cinnamon garnish.  I swung a deal where, I would get it prepared for me today if I agreed to prepare several loaves of whole wheat artisan breads that could be used over the next week for sandwiches and panini.  It seemed like a fair trade, so later tonight, I’ll be busting out the pans.  It was fun, because while the soup was being made and filling the house with this really unique, and hunger-inducing fragrance, I tried out the newly remastered Ducktales Game on PlayStation.

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