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

Jan22013
Patti Page

You Will Be Forgotten Someday So Live a Life That Matters

Philosophy10 Comments

Patti Page just died. If you are a member of my generation or younger, the odds are overwhelming that you have no idea who Patti Page was.  In the 1950’s, she was the third best selling artist of the decade and had lifetime album sales exceeding 100,000,000 records.  Given the lower population base back then, and the limited distribution channels, she was a far bigger cultural force in her generation than someone like, say, Beyoncé Knowles or Kayne West is today. Her song, “Tennessee Waltz” was the third best selling song of all time.  Very few people I know even recognize the song today, let alone could sing it.  

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America Forgot Many Valuable Lessons When It Moved from the Farms to the Cities

My Day In Pictures19 Comments

A few hours ago, I finished writing a piece about global investing through a Roth IRA, which was published to the About.com network.  It got into some of the complexities of foreign investing, including the differences between share classes domiciled in various markets and currency translations.  As I was thinking about whether there was anything…

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Dec272012

Why Are People Surprised That Savings Bonds Beat Stocks Over the Past 12+ Years?

Savings Bonds6 Comments

I’ve noticed an array of articles exclaiming that savings bonds, including both the Series EE savings bonds and the Series I savings bonds, beat stocks over the past ten or fifteen years.  Nearly every time I make my way into one of these essays or news stories, I just shake my head because the surprise displayed by the men and women penning these pieces indicate a complete lack of competence.  Those of you who have any experience managing money or with history immediately know my objective: No asset class, per se, is sacrosanct.  What matters is the price you pay for the asset relative to how much underlying cash it generates.

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