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

Using Mental Models to Understand the Joe Paterno and Penn State Scandal

We often talk about avoiding wipe-out risk on this blog.  In fact, avoiding wipe out risk is one of the main reasons to study mental models because it takes a lifetime to build a reputation and only a few minutes to destroy it.  I can think of no better real-world case study than the Joe Paterno and Penn State debacle that has dominated the news cycle (and rightly so) for the past few days.  

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The Red Ring Problem – Getting Rich Too Late in Life

his article deals with people who want to be rich.  Not just financially independent or reasonably well-off, but actually rich relative to the average American; the folks who want to be able to write a check for a Lexus or live in a nice house, in a neighborhood with great schools, without worrying about it, while watching their net worth climb year after year, decade after decade.  The strategy involved for that type of success is slightly different in that it requires you to often build off a foundation that I call your primary economic engine.  But I’m getting ahead of myself …

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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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Mount Olympus Awards Letterman Jackets and Varsity Letters Featured on Saturday Night Live

Earlier this year, I was watching Gossip Girl and suddenly the characters on screen were wearing varsity jackets.  I immediately called the office and demanded to know why we hadn’t been the one that made the products.  The response?  “We were.”   There have been a few other moments like that in the past couple of months…

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