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,...
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COMMENTARY
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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...
Eric Cinnamond
Locking It In
<November 6, 2020> After dropping my kids off at school last week, I noticed a gas station promoting $1.75 gasoline. “Wow,” I thought,...
Eric Cinnamond
Loose Teeth and Tangible Assets
<October 1, 2020> The day most parents dread finally came. Last week, my 8-year old son and I had the “big talk.” You know the one, the...
Eric Cinnamond
Daddy Ball
<September 10, 2020> The summer is coming to an end in Florida, and you know what that means. It’s little-league baseball season!...
Eric Cinnamond
Believers
<August 5, 2020> As a small cap value manager in 1999, one of the most difficult things to do wasn’t finding value—there were bargains...
Eric Cinnamond
Monetizing Cats and Dogs
<July 1, 2020> As proponents of free markets, we are constantly on the lookout for catalysts that will cause the Federal Reserve to lose...
Eric Cinnamond
The Last Second Half Dance
<May 28, 2020> With the majority of youth activities canceled over the past two months, my kids and I have had more free time together....
Eric Cinnamond
The Second Serve
<April 13, 2020> As a kid growing up in a small town outside of Louisville, Kentucky, I was an avid basketball fan. I was determined to...
Eric Cinnamond
This is Not 1999
<February 25, 2020> The year 1999 was a very difficult period in my life and career. I was 28 years old and had recently left the...
Eric Cinnamond
Bubble Survivor: Season 3
<January 22, 2020> Asset bubbles can be devastating to economies and investors. Fortunately, over the past few hundred years, asset...
Eric Cinnamond
Risk Management—Why Bother?
<December 17, 2019> After eleven years of limited downside and seemingly endless upside, risk management has become the decaffeinated...
Eric Cinnamond
Opportunities in Energy
<November 25, 2019> When I think of stocks that have underperformed this market cycle, energy is the first sector that comes to mind....
Eric Cinnamond
Hard Work and Sacrifice
<October 23, 2019> In his book, The Greatest Generation, Tom Brokaw profiles numerous Americans who lived through the Great Depression...
Eric Cinnamond
Are Bears Bad People?
<September 26, 2019> As Hurricane Dorian approached Florida a few weeks ago, I was having lunch with a friend who is an insurance...
Definitions
Free Cash Flow: Free Cash Flow equals Cash from Operating Activities minus Capital Expenditures.
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