The Road to Omaha: Valuation Matters Dearly
Valuation is the topic that will begin a month-long series we’re calling, “The Road to Omaha.” In the next five weeks as we build to the Berkshire Hathaway annual shareholder meeting, we will present a picture of Mr. Warren Buffett and his investments through the Smead Capital Management lens. There is one central fact on which Warren Buffett, efficient market theorists, and Smead Capital Management agree—valuation matters dearly.
April 2, 2013
