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

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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President Obama State of the Union

The True Source of the Unemployment Problem: In the Next 10 Years, 50% of Jobs Will Require Training Beyond High School Yet 25% of Students Aren’t Even Graduating from High School

The single most important line in the President’s State of the Union speech to Congress last night hasn’t gotten a lot of attention.  Here it is: Over the next ten years, nearly half of all new jobs will require education that goes beyond a high school degree. And yet, as many as a quarter of…

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