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

Star Trek Captain Kirk

Jesus Christ vs. Captain Kirk: A Study of Mental Models (or “A Modern Example of Binary Beliefs and Cognitive Dissonance In Everyday Western Culture”)

The odds are good you won’t read this entire post.  The reason?  It has to do with confirmation bias.  If you think what I am going to say conflicts with your belief system – whether you are a scientist or a Christian – you won’t finish it to avoid cognitive dissonance even though you aren’t…

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World Population Facts

Thoughts About the United States Population and the Population of the World

I love population statistics and studying them. I would have been content (provided I was financially independent) being a sociologist. Back in September, I shared with you a few surprising facts about the population of the United States. Today, though, I was thinking about population and its implications for our understanding of history and economics.…

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American Manufacturing Percentage

Surprising But True: America Still Manufactures the Same Percentage of World Goods as It Did More than 21 Years Ago

Tell me what you think of the following statement: “American manufacturing has been destroyed over the past 20 years?  Going back further, it’s nothing like it was in 1960.  Everything is made in China now.” [mainbodyad]If you agreed with the statement, congratulations!  You failed.  Miserably.  Start thinking for yourself and stop watching the news commentators…

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How to Measure Your Wealth Header

How to Measure Your Wealth

Years ago, I vaguely remember hearing someone comment that it was interesting how differently we measure wealth today compared to British society at the end of the 19th century.  This made me realize that most people don’t even know there is a difference; that there are primarily two ways you can think about measuring your wealth and which you choose for your own household will influence how you behave, the capital structure you employ, and even how you think about risk.

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A Mental Exercise What I’d Do If I Lost Everything

A Mental Exercise: What I’d Do If I Lost Everything

I started thinking about people who lose everything, or what Charlie Munger calls returning “to Go”, as in the Monopoly board. Once you are rich, your primary motivation shouldn’t be to get richer, it should be to avoid wipeout risk, or returning to go.  But as a training exercise, I decided to contemplate what I would do if I woke up tomorrow and the last ten years had been a dream.  What would my first course of action be to rebuild until I got my financial affairs in order?

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