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

America Forgot Many Valuable Lessons When It Moved from the Farms to the Cities

A few hours ago, I finished writing a piece about global investing through a Roth IRA, which was published to the About.com network.  It got into some of the complexities of foreign investing, including the differences between share classes domiciled in various markets and currency translations.  As I was thinking about whether there was anything…

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Why Are People Surprised That Savings Bonds Beat Stocks Over the Past 12+ Years?

I’ve noticed an array of articles exclaiming that savings bonds, including both the Series EE savings bonds and the Series I savings bonds, beat stocks over the past ten or fifteen years.  Nearly every time I make my way into one of these essays or news stories, I just shake my head because the surprise displayed by the men and women penning these pieces indicate a complete lack of competence.  Those of you who have any experience managing money or with history immediately know my objective: No asset class, per se, is sacrosanct.  What matters is the price you pay for the asset relative to how much underlying cash it generates.

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Some Truths Are Counterintuitive – What We Can Learn from the Mpemba Effect

For water to freeze, it must reach 32 degrees Fahrenheit.  For water to boil, it must reach 212 degrees Fahrenheit.  The question: Which freezes faster: Room temperature water (say, 75 degrees Fahrenheit) or boiling water (212 degrees Fahrenheit)? The common sense answer would be room temperature water would freeze faster because it is only 43…

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Warren Farrell University of Toronto Protest

The Warren Farrell Protest at the University of Toronto: An Example of How Not to Behave If You Want To Be Successful In Life

On this site, we strive to practice the philosophy of John Stuart Mill, who would eagerly read every side of an argument because he wanted to se that “no scattered particles of important truth are buried and lost in the ruins of exploded error”.  That means we each have a fundamental, moral duty to openly…

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