Kennon-Green & Co. Global Asset Management, Wealth Management, Investment Advisory, and Value Investing
Feb182013
Railroad Stocks - Historical Analysis

Union Pacific: A Company That Looked Expensive But Was Undervalued

Case Studies & Profiles, Value Investing3 Comments

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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Feb172013
The Intelligent Investor Benjamin Graham

Book Recommendation: The Intelligent Investor by Benjamin Graham

Book Recommendations1 Comment

The Intelligent Investor is the portfolio management book written for the masses, made famous, in part, by the fact that it was what attracted legendary investor Warren Buffett to study under author Benjamin Graham at Columbia University.  There are several different versions, updated to reflect the time in which they were published, all offering unique…

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Feb92013
Deep Dish Corn Bread Cooked In Dutch Oven

Dutch Oven Cornbread Recipe

Food and Beverages6 Comments

I don’t talk about my personal life often, but the few times things do come out about my past, it should not come as a surprise to know that my younger days were filled with something known in American cuisine as “soul food”.  Big, black cast iron skillets on a stove, with bacon fat drained off to save money, to be reused during cooking.  Fried chicken.  Sun tea.  Coleslaw.  Cornbread.  It’s the type of food that got poor folks by in the Great Depression, that was made in the farmhouses and back swamp shanties before Social Security was established.  It’s cheap, made with what is abundant, and took centuries to perfect.  It was the United States’ answer to the so-called Peasant Dishes of France.

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Feb82013
Cream and Butter Sauce with Romano Cheese Chicken and Sun Dried Tomato Closeup

Our Favorite Recipe for Blacked Chicken with Sun Dried Tomatoes with Romano Cheese, Cream, and Butter Sauce Tossed Into Fettuccine Noodles

Food and Beverages3 Comments

Our Favorite Recipe for Blacked Chicken with Sun Dried Tomatoes with Romano Cheese, Cream, and Butter Sauce Tossed Into Fettuccine Noodles A couple of nights ago, we tried another recipe adapted from the famous Marcella Hazan Italian cookbook.  It involved a cream and butter sauce, and was one of the original versions of Fettuccine Alfredo…

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Feb62013
Running an Investment Case Study on Eastman Kodak Including the Bankruptcy

An Investment Case Study of Eastman Kodak: How the Bankruptcy of One of America’s Oldest Blue Chip Stocks Would Have Turned Out for Long-Term Investors

Case Studies & Profiles11 Comments

A Case Study of Eastman Kodak How the Bankruptcy of One of America’s Oldest Blue Chip Stocks Would Have Turned Out for Long-Term Investors One year ago, Kodak declared bankruptcy after more than 130 years in business as a leading blue chip firm that gushed profits for its owners.  I wrote Kodak’s demise at the…

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