“The public believed the doomsayers in March who said the economy is going to be terrible forever and now every time someone brings up that we could have a significant correction, they believe that too,” he said. “The inevitable fact is that money is going to chase wherever it ultimately going to get treated the best,” Bill Smead told CNBC.
Recent Missives
1968-1969: Buffett and Price Agreed
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We’ve recently been making the case that the current circumstances in the stock market are most like the late 1960s and 1970s. Euphoric enthusiasm for the most aggressive stocks and an economic/national security...
⟶ Keep ReadingDXYZ: An Old Form of Ignorance
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⟶ Keep Reading1Q24 U.S. Value Strategy Newsletter: Common Stock Psychology Matters
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⟶ Keep Reading1Q24 International Value Strategy Newsletter: Higher Natural Rates
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⟶ Keep ReadingBloomberg Markets: Bill Smead on Bank Stocks and Inflation
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Bloomberg Markets 4/12/2024 For more information go to www.bloomberg.com. The information contained in this article represents SCM’s opinions, and should not be construed as personalized or individualized investment advice. Past […]
⟶ Keep ReadingHit Them Where They Ain’t
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[...] As value investors, we go into companies that are out of favor but have characteristics that could lead us to multi-year winners. Our best stocks were found in the holes in the...
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