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The Ones Writing It Off
<December 11, 2025> In the Seinfeld episode “The Package” (season 8), Jerry asks Kramer to return his broken stereo for a refund. Instead of returning it, Kramer smashes the stereo, puts it in a box, and tries to defraud the post office. Jerry: What happened to my stereo? It's all smashed up. Kramer: That's right. Now it looks like it was broken during shipping, and I insured it for $400. Jerry: But you were supposed to get me a refund. Kramer: You can't get a refund. Yo
Eric Cinnamond


Lie to Me
<November 18, 2025> In the 1990’s, one of the most admired and widely held stocks in America was General Electric (GE). It was the blue chip of blue chips—a pillar of corporate excellence. By 1998, GE had become the largest company in the U.S. by market capitalization. It was the NVIDIA of its day. But instead of designing sophisticated semiconductors, GE was an industrial conglomerate wrapped around a massive financial subsidiary. Many of GE’s businesses, from jet engines
Eric Cinnamond


Save Your Money
<October 15, 2025> Born in 1910, my grandfather lived through the Great Depression—an experience that left a deep and lasting impression on him, as it did on many in his generation. He was a hard worker and a relentless saver. Whenever I greeted him with, “What do you say, Gramps?” his response was always the same: “Save your money!” It was great advice, and I listened. By sixteen, I had my first part-time job, and by eighteen, I bought my first CD with a 7% coupon. Those wer
Eric Cinnamond


Crowding into Quality
<September 15, 2025> Some investors are comparing the current market cycle to that of 1999—and there are certainly similarities....
Eric Cinnamond
Definitions
Free Cash Flow: Free Cash Flow equals Cash from Operating Activities minus Capital Expenditures.
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