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

Ayds Diet Pills

How the Mere Association Mental Model Destroyed a Perfectly Good Diet Business

In the 1930’s and 1940’s, the Carlay Company in Chicago, Illinois developed a candy coated dietary suppressant called Ayds.  It sold the business to Campana Corporation.  Campana was then sold to Dow Chemical.  In the 1960’s, Dow sold the business to Purex and hired legendary Hollywood stars and other celebrities to endorse the product.  In…

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Cool Words

Yeah, Right

Many decades ago, Oxford Philosophy of Language Professor J.L. Austin and Columbia philosopher Sidney Morgenbesser reportedly had this exchange: “In English,” Professor Austin said, “a double negative forms a positive. However, in some languages, such as Russian, a double negative remains a negative. But there isn’t a single language, not one, in which a double positive can…

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Mail Bag Question for Joshua Kennon Header

Mail Bag: Applying Value Investing to 3rd World Countries

I hesitate, strongly, about publishing this response.  I’m not sure it is good for me to advocate what I would do in this situation as it might discourage people by making circumstances seem hopeless when hope is what is needed; it might even exacerbate the macroeconomic problem while solving the individual household challenge.  Still, it’s the only honest answer I can give because this is what an analysis of the situation leads me to conclude.

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