In his latest Q1 2021 Market Commentary, Eric Cinnamond describes the current market mania as similar to that of the 1991 Lemmings video game. Here’s an excerpt from the letter: Thirty years ago, Lemmings quickly became one of the most popular video games. Lemmings are small rodents that typically reside … Read More
Eric Cinnamond: No Country For Old Investors – We Don’t Have To Overpay!
In his latest Q4 2020 Shareholder Letter, Eric Cinnamond discusses the disconnect between market valuations and fundamentals, adding as investors we have a choice, we don’t have to overpay. He believes that there is a generational opportunity to differentiate investment outcomes by maintaining discipline on the prices paid for stocks. … Read More
Eric Cinnamond: Value Investors Spinning Their Wheels While Suckerfish Get A Free Ride
In their latest Q3 2020 Market Commentary Eric Cinnamond and Jayme Wiggins at Palm Valley Capital provide an interesting analogy of what it’s like to be a value investor while passive and momentum investors get a free ride for little effort. Likening the two groups to remoras, or suckerfish (passive … Read More