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

Happiness

Two Secrets to Living a Happy Life

One of the most important lessons I learned very early in life came from a series of psychology studies that I read for entertainment.  It talked about how the big troubles we face – the death of a loved one, the loss of a job, the foreclosure of a home – are often overcome because our natural defense systems activate, causing our behavior to moderate with time so that we accept what has happened, rebuild, and put it behind us.  The things that cause unhappiness that is both severe and chronic are not these major shocks; they are the small irritations that build up and wear away at you like Chinese water torture.

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Kindle Paperwhite and Kindle Fire Next to Security Analysis on Bookshelf Joshua Kennon

The Decluttering and Minimalism Project Is Now Turning Toward My Personal Library

I am committed to this minimalism and de-cluttering project.  Since beginning this change, it has been wonderfully freeing.  If something hasn’t been used in the past twelve months, it is donated or discarded.  Everything has a place and the systems at home were changed so that the basic act of living, going through the day, takes care of keeping everything maintained without any extra work. Now that this phase of the pantry is done, I am turning my attention to the library.  

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C. Everett Koop

One of the Great Pragmatists of the 20th Century Has Died: C. Everett Koop Passes Away at 96

C. Everett Koop, former Surgeon General of the United States, has passed away.  He was 96 years old.  The devout, conservative, evangelical Christian born the grandchild of German immigrants was one of the great pragmatist of the past few generations, proving that a fact-based, rational approach to life can improve standard of living, reduce disease,…

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Book Recommendation: The Crash and Its Aftermath: A History of Securities Markets in the United States, 1929-1933 by Barrie A. Wigmore

In 1985, one of the greatest scholarly works ever penned on the Great Depression was published by Barrie A. Wigmore under the title The Crash and Its Aftermath: A History of Securities Markets in the United States, 1929-1933.  Using actual data from the period that took years to acquire, analyze, and interpret, Wigmore takes 751 pages…

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Railroad Stocks - Historical Analysis

Union Pacific: A Company That Looked Expensive But Was Undervalued

The developments on the income statement and balance sheet of Union Pacific between 2005 and 2013 are an excellent example of why it is important for you to analyze data yourself, and come to conclusions based on reasonable, rational, intelligently organized facts.  The willingness to take action when others do not agree with you, and to have your action backed up by solid evidence, can make the difference between being comfortable and ending up rich.  Two of the world’s wealthiest titans demonstrated this truth, not only when buying shares of Union Pacific, but other railroads, as well.

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