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In each episode, we explore investing through an entirely unique lens, bringing in authors to discuss books that have directly or indirectly influenced our investment decisions.

For a long time, the world has considered China as an example of economic success, but those days may be over. 

In this episode, Cole Smead is joined by Dinny McMahon, author of the book China’s Great Wall of Debt. Dinny takes a deep dive into China’s financial system and gives us a sense of how the country’s complex and “dysfunctional” economy works from the ground up. Dinny also explains why China’s economic growth has slowed down, how the accrual of debt has played a role, and why the “Chinese Miracle” has come to an end.

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Bryan Burrough – The Gunfighters: How Texas Made the West Wild

In this episode of A Book with Legs, Cole Smead, CEO and Portfolio Manager, welcomes back Bryan Burrough to discuss his book, “The Gunfighters: How Texas Made the West Wild.” […]

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Liaquat Ahamed – 1873: The Rothschilds, the First Great Depression, and the Making of the Modern World

In this episode of A Book with Legs, Cole Smead, CEO and Portfolio Manager, and Bill Smead, Chairman and Chief Investment Officer at Smead Capital Management, sit down with Liaquat […]

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David Williams – The William E. Boeing Story: A Gift of Flight

In this episode of A Book with Legs, hosts Cole Smead, CEO and Portfolio Manager, and Bill Smead, Chairman and Chief Investment Officer at Smead Capital Management, sit down with […]

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Alex Wright – Empire of Ink

What can the history of newspapers teach us about today’s media landscape? In the latest episode of A Book with Legs, Smead Capital Management CEO and Portfolio Manager C. W. […]

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The Smead Book List – Summer 2026

What is the Smead Capital Management team reading, and what ideas are shaping their view of today’s markets? In this quarterly Book List episode of A Book with Legs, Smead […]

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The Long View: Defining Intelligence

Can a human being’s behavior and personality be fully explained by a machine, chemistry, biology, or data? Or is there something intangible left over? These questions and the different conversations […]

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