Day: June 2, 2020

American Pie

At Smead Capital Management, we believe one of our competitive strengths is the ability to visualize how good something of merit will be when it is deeply out of favor. We also think we have the ability to avoid excessive optimism attached to extrapolation of the recent past. Elon Musk and SpaceX just shot a NASA rocket into outer space this weekend. Like popular expensive glamour stocks, everything comes down to earth eventually. […]

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