Eric Cinnamond
That's the Ticket
<July 18, 2022> There are three things I remember most about my professor in college who taught investments. First, he wasn’t a...
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Eric Cinnamond
Bedtime For Bonzo
<June 3, 2022> Like many 10-year old’s, my son doesn’t like going to bed early. Around bedtime he’ll often tuck himself into the corner...
Eric Cinnamond
The Great Inventory Build
<May 5, 2022> A year ago, we wrote about the investment case for buying things. We opined that with so many companies announcing price...
Eric Cinnamond
The Mullet Discount
<April 7, 2022> In 1989, Jeff Foxworthy released his best-selling book, You Might Be a Redneck. The book pokes fun at Foxworthy’s...
Eric Cinnamond
The Inflation Headshake
<March 9, 2022> Have you ever wondered if members of the Federal Reserve do their own grocery shopping? I know I have. Sometimes their...
Eric Cinnamond
Good Enough?
<February 9, 2022> My son and I have a dinnertime routine. As we finish eating, he looks at me, looks at his remaining vegetables, and...
Eric Cinnamond
This is the Show
<December 16, 2021> Growing up in the 1970’s and 1980’s, we didn’t have cable television. Instead, we had the good old rabbit ears TV...
Eric Cinnamond
The Fed's Labor Trap
<November 30, 2021> Whether bullish or bearish, few can argue this is not one of the most fascinating times in the history of financial...
Eric Cinnamond
Gone With the Wind
<November 4, 2021> A CEO once told me that he liked to put his company’s sails up when the wind wasn’t blowing. He was referring to his...
Eric Cinnamond
Friends in Different Places
<September 28, 2021> In an attempt to take advantage of the housing bubble, in 2005 we sold our home in Jacksonville Beach, Florida and...
Eric Cinnamond
The Recycle Bin
<September 2, 2021> People often say it’s the small things in life that matter most. Whether it’s that first sip of an early morning...
Eric Cinnamond
Double or Nothing
<July 21, 2021> Once or twice a week my son and I shoot basketball at a local park. During our last session I jokingly said, “I’ll bet...
Eric Cinnamond
Hyper Zip Code Inflation
<July 1, 2021> Despite growing evidence that inflation may stick around longer than the Federal Reserve expected, the debate on whether...
Eric Cinnamond
Maintaining the Flame
<June 2, 2021> On April 27, 2021, Charles de Vaulx, a prominent absolute return investor, died. While we didn’t know Charles personally,...
Eric Cinnamond
Buy Things
<April 29, 2021> A few weeks ago, I had breakfast with an old friend and realtor, Chris. He just sold his beach property and wanted to...
Eric Cinnamond
Disappearing BOGOs
<March 30, 2021> Whether it occurs in everyday life or while investing, there’s nothing like finding a free dollar. I enjoy it so much,...
Eric Cinnamond
Revisiting the Miners
<March 4, 2021> One of the things we treasure most about our strategy is its flexibility. When we believe our opportunity set is...
Eric Cinnamond
The Abominable Snowball
<January 29, 2021> A friend called me today to let me know he made 113% in one day on a SPAC. I congratulated him and encouraged him to...
Eric Cinnamond
Don’t Stress It, Press It
<December 29, 2020> The office retailer, Staples, introduced the “Easy Button” in a 2005 Super Bowl ad. Starring in the commercial was a...
Eric Cinnamond
A Generational Buying Moment
<December 4, 2020> In 1993 I started my career in the investment management industry. The economy was coming out of a recession and...
Definitions
Free Cash Flow: Free Cash Flow equals Cash from Operating Activities minus Capital Expenditures.