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

You Cannot Understand the Rise of Wealth Inequality Without Acknowledging the Role of Interest Rates

In August of 2014, I wrote a post called Lies, Damn Lies, and Statistics.  I penned it because, at the time, I was seeing a lot of situations in the media in which data was being used to push a political agenda on either the far right or the far left. I’m now seeing this same sort of deception in discussions about wealth inequality.

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The Federal Government Collects More Absolute Tax Revenue Than During Any Other Period in American History

In recent years, the United States Federal Government has found itself in the fortunate position of collecting more inflation-adjusted, real purchasing power tax revenue than it has during any other period of its 242 year history.  For the government’s 2019 fiscal year, tax receipts at the Federal level are expected to balloon to an almost unfathomable $3.422 trillion.

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The Power of the Subjunctive Mood to Reveal Socioeconomic Status

As the top 20% and bottom 80% further divide, one of the things I’ve found interesting over the past few years is the difference in how both groups use something called the subjunctive mood in their speech and writing. The top 20% nearly always uses it correctly. I suspect it’s become a sort of subconscious signaling code without the people doing it even realizing what is happening.

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Visiting Armstrong’s Garden Center in Newport Beach

After writing about the incredible Roger’s Gardens in Corona del Mar, I thought it was only fair to point out that Aaron and I also enjoy a place called Armstrong’s Garden Center in Newport Beach.  The business can trace its roots to 1889 and holds a storied place in the history of the global rose industry (and you know we love our roses!).  A few months ago, we stopped in and spotted a Monarch Butterfly hanging out on some flowers.  We took a video …

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The Biggest Advantage You Can Give Yourself In Life Is Reading

It is not an exaggeration to say that most of my life and career has been spent reading, writing, and thinking.  In many cases, I turned around and taught others a synthesized version of what I absorbed, putting my own spin on it.  My favorite place in the world during childhood was the public library and even now, I am typing this post surrounded by enormous bookcases overflowing with volumes on everything from trust fund structures to biographies of oil and banking titans.  Reading allows me to satisfy a nearly insatiable curiosity about the world.  More than any other behavior, it has been responsible for my success.

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