{"id":53722,"date":"2024-06-01T06:48:04","date_gmt":"2024-06-01T06:48:04","guid":{"rendered":"https:\/\/thepatientinvestor.com\/?p=53722"},"modified":"2024-06-01T06:48:04","modified_gmt":"2024-06-01T06:48:04","slug":"the-economics-of-different-eric-cinnamond","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2024\/06\/01\/the-economics-of-different-eric-cinnamond\/","title":{"rendered":"The Economics of Different | Eric Cinnamond"},"content":{"rendered":"<p>Eric Cinnamond on the trials and rewards of not following the herd:<\/p>\n<blockquote><p><span class=\"ptGQd\">I grew up in a small town outside of Louisville, Kentucky. I\u2019m not even sure I\u2019d call it a town \u2013 more like a zip code. We lived in a subdivision with five acre lots and gravel roads. Growing up on a gravel road had its challenges. Falling off your bike was painful! Walking or running on gravel can also be uncomfortable, with rocks often finding their way into your shoes. Dust is an issue too, along with bumpy rides and potholes. But there were some benefits.<\/span>&#8230;. <a href=\"https:\/\/www.palmvalleycapital.com\/post\/the-economics-of-different\">more<\/a><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Eric Cinnamond on the trials and rewards of not following the herd: I grew up in a small town outside of Louisville, Kentucky. I\u2019m not even sure I\u2019d call it a town \u2013 more like a zip code. We lived in a subdivision with five acre lots and gravel roads. Growing up on a gravel &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2024\/06\/01\/the-economics-of-different-eric-cinnamond\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;The Economics of Different | Eric Cinnamond&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37,52],"tags":[6329],"class_list":["post-53722","post","type-post","status-publish","format-standard","hentry","category-active-investing","category-index-funds","tag-eric-cinnamond"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Economics of Different | Eric Cinnamond - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Economics of Different | Eric Cinnamond - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Eric Cinnamond on the trials and rewards of not following the herd: I grew up in a small town outside of Louisville, Kentucky. I\u2019m not even sure I\u2019d call it a town \u2013 more like a zip code. We lived in a subdivision with five acre lots and gravel roads. Growing up on a gravel &hellip; Continue reading &quot;The Economics of Different | Eric Cinnamond&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2024\/06\/01\/the-economics-of-different-eric-cinnamond\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-01T06:48:04+00:00\" \/>\n<meta name=\"author\" content=\"Colin Twiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Colin Twiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2024\\\/06\\\/01\\\/the-economics-of-different-eric-cinnamond\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2024\\\/06\\\/01\\\/the-economics-of-different-eric-cinnamond\\\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"The Economics of Different | Eric Cinnamond\",\"datePublished\":\"2024-06-01T06:48:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2024\\\/06\\\/01\\\/the-economics-of-different-eric-cinnamond\\\/\"},\"wordCount\":107,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\"},\"keywords\":[\"Eric Cinnamond\"],\"articleSection\":[\"Active Investing\",\"Index Funds\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2024\\\/06\\\/01\\\/the-economics-of-different-eric-cinnamond\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2024\\\/06\\\/01\\\/the-economics-of-different-eric-cinnamond\\\/\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2024\\\/06\\\/01\\\/the-economics-of-different-eric-cinnamond\\\/\",\"name\":\"The Economics of Different | Eric Cinnamond - the patient investor\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\"},\"datePublished\":\"2024-06-01T06:48:04+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2024\\\/06\\\/01\\\/the-economics-of-different-eric-cinnamond\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2024\\\/06\\\/01\\\/the-economics-of-different-eric-cinnamond\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2024\\\/06\\\/01\\\/the-economics-of-different-eric-cinnamond\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/thepatientinvestor.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The Economics of Different | Eric Cinnamond\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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Before departing, I noticed the chain on my bike was a little rusty, so I sprayed it with\u2026","rel":"","context":"In &quot;Earnings &amp; Dividends&quot;","block_context":{"text":"Earnings &amp; Dividends","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/investing\/earnings-dividends\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":57869,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/09\/29\/the-great-pumpkin-eric-cinnamond\/","url_meta":{"origin":53722,"position":1},"title":"The Great Pumpkin | Eric Cinnamond","author":"Colin Twiggs","date":"September 29, 2024","format":false,"excerpt":"Great stock market analogy from Eric Cinnamond at Palm Valley Capital: As a kid I always looked forward to Halloween. Growing up in a health-conscious \u201cno sweets\u201d household, Halloween was an opportunistic time to load up on my favorite chocolate bars and candy. If I played my bag of treats\u2026","rel":"","context":"In &quot;Stock Markets&quot;","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"Stock Market Value Indicator","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-09-27-stock-value.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-09-27-stock-value.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-09-27-stock-value.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":45076,"url":"https:\/\/thepatientinvestor.com\/index.php\/2023\/11\/01\/debt-reduction-buybacks-and-sp-500-p-e-multiples\/","url_meta":{"origin":53722,"position":2},"title":"Debt reduction, buybacks and S&#038;P 500 P\/E multiples","author":"Colin Twiggs","date":"November 1, 2023","format":false,"excerpt":"There is a rising trend -- especially in the telecommunications, utilities, and REITs sectors -- of selling off non-core assets and using the proceeds to reduce debt. Rising long-term interest rates are likely to accelerate this trend. Debt reduction reduces funds available for stock buybacks. This chart from S&P Dow\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"S&P 500 Buybacks","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-10-31-spx-buybacks.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-10-31-spx-buybacks.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-10-31-spx-buybacks.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":12583,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/11\/24\/eric-hoffer-in-times-of-change\/","url_meta":{"origin":53722,"position":3},"title":"Eric Hoffer: In times of change&#8230;.","author":"ColinTwiggs","date":"November 24, 2015","format":"quote","excerpt":"In times of change learners inherit the earth; while the learned find themselves beautifully equipped to deal with a world that no longer exists. 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