Kennon-Green & Co. Fiduciary Financial Advisor, Wealth Management, Global Value Investing


My Theory: It Takes $4.5 Million to Feel “Really Well Off” and $10 Million to Feel “Rich” for the Average American

Following the calculations I did last week, adjusting Monopoly for inflation as if it were real life, I began to speculate about what it would take for the average, regular, typical American citizen to “feel” rich. [mainbodyad]I think the average American would feel really, really well off at the equivalent of a light purple Monopoly…

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Reynolds Tobacco Company and Its Legendary Employee Stock Ownership Plan

Following up on the article I wrote about cigarette market share in the United States, I thought this was a great story about the legendary employee stock ownership culture at Reynolds Tobacco back in the first half of the 20th century. It comes from Barbarians at the Gate: The Fall of RJR Nabisco, which you should buy.  It explains how R.J. Reynolds almost forced his employees to buy stock in the company and even created a special class of dividend shares for them!

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