Ruffoni Stainless Steel Pots and Pans

I Took the Plunge and Bought the Professional Mauviel Copper Cookware Upgrades to the Kitchen, As Well as a Few Stainless Steel Ruffoni Pots and Pans

The gourmet food posts on the site are probably going to grow exponentially over the coming years.  I’d publicly debated various cookware as far back as last year and finally decided to take the plunge as part of the six-month May Day project.  Yesterday evening, I bought a set of copper Ruffoni pots and pans, which were going…

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Mental Model by Joshua Kennon

Mental Model: Cui Bono

Mental Model: Cui Bono Lucius Cassius Longinus Ravilla was a famous Roman judge, who, according to Marcus Tullius Cicero, was regarded as an “honest and wise” man.  He was known for a habit of constantly asking the question, “Cui bono?“, which roughly translates into “who benefits?”. In a crime or a political scheme, Lucius Cassius…

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Mount Olympus Awards X-Factor Varsity Jackets for Marcus Canty

Tonight, 13 to 18 Million Viewers Watched Marcus Canty Share the Stage with Mount Olympus Awards Varsity Jackets and Varsity Letters During the X-Factor Live Show

Last week, Simon Cowell’s new show, X-Factor, called one of my companies, Mount Olympus Awards asking if we could outfit the varsity jackets for Marcus Canty’s performance of Bobby Brown’s hit “Every Little Step I Take” on tonight’s live show.   Most of the time, letterman jackets with custom chenilles take 4 to 6 weeks, but…

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What Is Money?

Occupy Wall Street Part II: What Is Money? Do Liberal Arts Suffer at the Hands of a Capitalist System?

Yesterday, I explained how most of the people in the Occupy Wall Street protest haven’t yet realized the struggle isn’t between the rich and the poor – it is between the knowledge workers and manual workers, which Peter Drucker predicted in startling detail decades ago.   Charles Hughes, a professor at Henderson State University, had…

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Serosorting Assortative Mating and HIV

Mail Bag: The Ethics of Gingerism, Racism, Serosorting, and Discrimination in Relationships, Dating, and Sex Due to Assortative Mating

Today’s mail bag question deals with the ethics of the mental model called assortative mating.  This refers to the phenomenon whereby individuals choose to engage in relationships with others who are like themselves (positive assortative mating) or dissimilar (negative assortative mating).  There are strong economic arguments that the perceived rise in income inequality is due to assortative…

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Wendy's Hot 'n Juicy Dave Cheeseburger

Wendy’s Brilliantly Relies on Mental Models from Psychology to Reinvent the Classic Wendy’s Cheeseburger

Wendy’s recent commercial introducing the remade cheeseburger named after founder Dave Thomas is one of the best examples of marketing and psychology I’ve ever seen.  It’s brilliant; mental models applied in a constructive way.   I’m not going to take the fun out of it, but be on the lookout for some of the clues…

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Top 1 Percent of Net Worth and Wealth in the United States of America

How Much Money Does It Take To Be In The Top 1% of Wealth and Net Worth in the United States

What does it take to be in the top 1% of wealth in the United States? Many of you write me and ask that question, hoping someday to make it into the top 1% of net worth but not sure where that line gets drawn. I thought it might be useful to provide a reference to which I could point people in the future whenever they write, as well as make for some interesting afternoon reading for those of you who are curious about the nature of the economic world in which we live.

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Mental Model by Joshua Kennon

Mental Model: Calibration Errors

Mental Model: Calibration Errors Calibration errors are when people lack the genetic or cultural ability to calibrate communication based upon the situation, people involved, or other contextual clues.  To understand calibration errors as a mental model,  it might help to give you three real-world scenarios that would require the observer to calibrate the hyperbole. A…

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Yachtsman Club New York Steak

Dinner at the Yachtsman Club Restaurant in the Yacht and Beach Club Resort at Walt Disney World

Dinner tonight was at the Yachtsman Club restaurant in Orlando, Florida, on the Walt Disney World property (specifically, the Yacht and Beach Club resort).  It’s a classic steakhouse menu that comes highly recommended.  The bar is going to be set high after dinner at Citricos last night and The California Grill prior to that but…

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World of Disney in the Walt Disney World Resort in Orlando, Florida

I Bought 100 Shares of The Walt Disney Company as a Souvenir During My Visit to the Resort

After breakfast this morning at the Animal Kingdom lodge, we headed over to Downtown Disney.  As we shopped for souvenirs before flying back to Kansas City tomorrow, I was in the enormous World of Disney store when I realized the best possible souvenir I could have would be ownership in the business.  From the kitchen section, surrounded…

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Living with the Land Greenhouse Attraction at the Walt Disney World Resort Epcot Theme Park

Disney’s Living with the Land Epcot Greenhouse Can Grow 35,000 Tomatoes from 1 Tomato Plant in 16 Months and Produce 9 Pound Lemons

One of the coolest, and most thought-provoking, experiences of The Walt Disney World experience thus far is the greenhouse ride at the Living with the Land attraction in Epcot.  By focusing on renewable farming techniques and applying best-practices in technology, the researchers and scientists that work in this facility have been able to dramatically increase…

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Group In Front of Disney Castle

Dinner at California Grill with Aaron, Ashly, Ian, Karen, and Blake

We met up with everyone around the Walt Disney and Mickey Mouse statue at Cinderella’s castle before heading over to Space Mountain to ride the famous indoor roller coaster.  Ordinarily, roller coasters aren’t my thing, but just like the Everest Expedition (the Animal Kingdom equivalent to Disneyland’s Matterhorn), I have to say I really enjoyed…

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Narcoosee's Restaurant at Walt Disney World

Dinner at Narcoossee’s Restaurant at The Grand Floridian Deluxe Hotel and Resort in Walt Disney World

Dinner tonight is taking place at Narcoossee’s, a seafood place on the edge of the lake that separates the Walt Disney Magic Kingdom, The Contemporary Resort, The Polynesian Resort, and The Grand Floridian Resort.  The view is wonderful, the food is terrific, and you can take a nearby boat to any of the other listed…

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Rainy Workday

A Rainy Workday

After publishing my newest About.com article, What is a Mutual Fund Family? as part of a new group of content focused on very, very basic financial concepts for beginners, I spent the morning over a cup of coffee in my home, curled up at a desk in a side room with reading lamps (it was dark…

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Understanding Poverty by Ruby Payne

Being an Effective Educator and Communicator Requires an Understanding of the “Rules” of Your Students’ Social and Economic Class According to Ruby Payne’s Book A Framework for Understanding Poverty

My lunch with friends yesterday turned into a 3 to 4 hour event as we hung out at a local independent pizza parlor and discussed kids, love, True Blood, taxes, and a host of other things.  The topic of poverty came up (as is inevitably bound to happen when the group includes a social worker,…

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Intrinsic Value Book Featured

When It Comes to Books, I Don’t Care How Much Money I Spend or Waste Ruining Them

I’m a big reader.  Huge.  My library consists of thousands of titles, mostly all of which are non-fiction (biographies, finance, business, economics, psychology, history, ethics, etc.)  If I were to reproduce it, the cost would be somewhere between $12,000 and $30,000 depending on  how difficult it was to get your hands on many of the…

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Wal-Mart Stores Stock Earnings Yield versus United States Treasury Bond Yields

Earnings Yields vs. Treasury Bond Yields as a Stock Market Valuation Technique

Using Wal-Mart Stores as an Example of Earnings Yields vs. Treasury Bond Yields [mainbodyad]I was up until 5 a.m. this morning reading through the past few years’ of Wal-Mart Stores, Inc. annual reports, filings with the SEC, analyst reports, transcripts, and other documents.  It is about time to have the businesses make another contribution to…

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Mental Model by Joshua Kennon

Mental Model: Using the Primary Mission of Your Life to Determine the Hierarchy of Priorities Between Task and Relationship

Mental Model: Using the Primary Mission of Your Life to Determine the Hierarchy of Priorities Between Task and Relationship One of my mentors from early in my career shared a mental model that has been a fantastic guideline and framework through which I’ve conducted my life.  It involves determining the hierarchy between personal relationships and…

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Decision Tree Theory Icon

Mail Bag – How Did You Arrive at Your Conclusion When You Said Homosexuality and Heterosexuality Are Morally Equal? An Introduction to Decision Tree Theory

You all just love writing me about this topic, don’t you? Wow. Okay. I’m going to use it as a way to explain how I process business strategy and investing decisions, too, though because, frankly, that is what I’m in the mood to talk about right now and I can introduce you to the idea…

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We Spent the Afternoon and Evening with One of Our Favorite People in the World, Diana Crane

Yesterday, we attended the Diana Crane Scholarship Benefit Concert in Princeton, New Jersey, spoke at the event, and had our foundation make a gift to celebrate the 26 years of service of one of our favorite professors at Westminster, the music school of Rider University.  Diana was both Aaron and my academic adviser throughout much…

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