It’s been roughly seven months since I’ve been present or active on the site in any meaningful sense. There are largely two reasons for this. Firstly, as you can probably imagine, nearly every waking moment of our lives has been consumed by the launch of our global asset management firm, Kennon-Green & Co. This included spending a couple of weeks in Southern California looking for office space.
In recent months, I’ve found myself reflecting upon what I consider to be one of the most important and moral documents written in the history of civilization, Dr. Martin Luther King Jr.’s “Letter from a Birmingham Jail”. It comes up at the most unexpected of times; something in the back of my mind that makes…
Aaron and I love everything about Christmas – the Christmas decorations, the baking, the Christmas carols, picking out gifts for other people. It’s magical. No matter how busy we are, there will always be time for friends and family, holiday movies, and hot cocoa.
If life were like Civilization V, this is the point in which King Sejong the Great would be getting the message from President Obama, “My people are buying your blue jeans and listening to your music.” The Kennon-Green household has given into the 한류. First, though, we need to back up so you have some context.
Some things are noted for their rarity. The return of Halley’s comet. The Chicago Cubs winning the World Series. Joshua Kennon and Aaron Green buying a car. After years and years of discussing our search for our next car, the bargain we had been waiting for finally presented itself.
As many of you noticed, Aaron and I went radio silent more than a month ago. This was entirely due to the fact that we are spending nearly every waking moment in the final stages of establishing Kennon-Green & Co., the asset management firm that we hope to have open within the next sixty to ninety days if all goes as planned.
I’ve avoided speaking about the Brexit situation because I ultimately believe that it is not my place to tell British citizens how their country should be run even though I am a stakeholder in their success. While there are what I could consider extraordinarily high probabilities that the decision to leave the European Union will lead to lower GDP, the fact remains that GDP isn’t everything. Money, and the economy, exists to serve a civilization.
The quartet of financial independence is made up of cash flow, liquidity, profitability, and net worth. Each requires management and should not be neglected if you want to build lasting value for you and your family.