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

Graham Newman Corporation Stockholders

The Compensation System for Benjamin Graham at the Graham-Newman Corporation

The Graham-Newman Corporation was a stock company that essentially served as a hedge fund through which legendary investor Benjamin Graham managed money for his shareholders.  It is the same firm where Warren Buffett worked in his twenties before moving back to Omaha and establishing the original seven partnerships upon which his fortune is based. According…

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Walter Schloss Partnership

Lessons from the Career of Walter Schloss and the Walter Schloss Partnership – Even If You Aren’t an Investor

I’ve written about Walter Schloss and his value investing philosophy in the past.  Tonight, I’m thinking about the lessons someone can glean from studying his career. [mainbodyad]Alice Schroeder tells us on page 852, in the notes of The Snowball, that in 1951, Walter Schloss was making less than the average secretary working for Benjamin Graham…

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Tootle-Lemon & Co. Bank

The Tootle-Lemon Bank – How One Man, John S. Lemon, Built a Nearly $25 Million Fortune from the American Heartland

John S. Lemon, President of Tootle-Lemon National Bank in St. Joseph, Missouri (the city near the farm town where I grew up before moving to the East Coast at the end of my teenage years), died on March 17th, 1905.  According to Volume LXX January to June 1905 of The Bankers’ Magazine: “He was born…

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