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...
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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...
Eric Cinnamond
The Contrarian Chronicles
<August 16, 2019> Most value investors I know consider themselves contrarians. Essentially, contrarians allocate capital in the opposite...
Eric Cinnamond
Friends in Leveraged Places
<July 17, 2019> Every market cycle is a learning experience. Throughout each cycle, we review our achievements and shortcomings to help...
Eric Cinnamond
What's Normalized?
<June 18, 2019> When valuing a small cap stock, one of the first things we ask ourselves is, “What’s normalized?” Specifically, we are...
Eric Cinnamond
The New Economy, Home Prices Never Fall, and Inflation is Dead
<May 23, 2019> Asset bubbles are often accompanied by creative narratives or taglines. Some are descriptive and some are very clever, but...
Eric Cinnamond
The Palm Valley Capital Fund – PVCMX
May 1, 2019 Similar to life, our career paths do not always go according to plan. When I recommended returning capital in 2016, I...
Eric Cinnamond
Asset Inflation Boulevard
April 16, 2019 I’ve lived through two asset bubbles during my career–the technology and housing bubbles. For what it’s worth, I believe...
Eric Cinnamond
Curry’s Fork Creek
April 5, 2019 People can do some of the craziest things to get attention. I’ll never forget a childhood experience I had attempting to be...
Eric Cinnamond
Stick the Landing
March 21, 2019 As we begin managing an absolute return strategy again, Jayme are I are putting considerable thought into portfolio...
Eric Cinnamond
Welcome to Palm Valley Capital Management
March 5, 2019 The financial markets have been extraordinarily generous over the past ten years. From the cycle’s trough in 2009 to its...
Definitions
Free Cash Flow: Free Cash Flow equals Cash from Operating Activities minus Capital Expenditures.
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