Kennon-Green & Co. Global Asset Management, Wealth Management, Investment Advisory, and Value Investing
Jan302011
A Mental Exercise What I’d Do If I Lost Everything

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

Business Strategy12 Comments

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?

Details
Jan262011
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

Economics, Politics, Religion & Culture6 Comments

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…

Details
Dec312010
Thomas Kinkade The Cross Painting

Much to the Chagrin of the Art Establishment, the Numbers Indicate that Thomas Kinkade Is the Most Successful and Relevant Artist in Human History

Art

I was enjoying a discussion with someone about hyperrealism around the time I wrote last night about my love for the works of Eric Christensen, Pedro Campos, Steve Mills, and Nathan Taylor, when they kept insisting that stil life paintings, particularly those that are close to a photograph, lack emotion.  (I completely disagree – the…

Details