Our Advice
Our company understands how frustrating and illogical the stock market can be. We have been involved in stock markets for 40 years and had success despite these shortcomings. Through our missives, quarterly newsletters and appearances in the media, we provide advice on how to avoid stock market failure.
Our Advice
Presidential Stock Market Euphoria
How does the euphoria for stocks in the days after the 1980 election contrast with today’s Trump election euphoria? What were the fundamentals of the 1980 stock market compared to today’s fundamentals? What interest rates were paid to borrowers of money? We will make the case for very useful contrarianism in the aftermath of the current stock market euphoria. [...]
⟶ Keep ReadingCNBC: Cole Smead, CFA on the Oil Market’s Future
More Iran sanctions and ‘drill baby, drill’: Oil market’s future is still uncertain under Trump By Natasha Turak For more information go to www.cnbc.com. The information contained in this article […]
⟶ Keep ReadingYahoo Finance: Cole Smead, CFA on Investing like Buffett
How to invest like Buffett: Grow your circle of competence For more information go to finance.yahoo.com. Stocks mentioned: BRK, BAC, OXY The information contained in this tv appearance represents […]
⟶ Keep ReadingThe Pictures Say It All
Dow Jones (publisher of "The Wall Street Journal") announced that Nvidia (NVDA) will replace Intel (INTC) in the Dow Jones Industrial Average. Intel was brought in to replace Union Carbide four months and nine days before the peak in Intel’s stock price. Union Carbide became Dow Chemical via merger. The shares of Intel are down markedly over nearly 25 years in price and provided a total return of 3.2%. Dow and its components gave a 326% total return over those same years. [...]
⟶ Keep ReadingBarron’s: Bill and Cole Smead on Where the Stock Market Is Headed Next
Where the Stock Market Is Headed Next, According to Our Exclusive Investor Survey By Paul R. La Monica For more information go to www.barrons.com. The information contained in this article […]
⟶ Keep ReadingInflation Mathematics
Two major labor unions, the Dock Workers Union and the Boeing Machinists Union, have attempted to reach an agreement with their employers on a contract. The dock workers agreement proposes an average 8.5% per year wage increase over six years, and the Boeing Machinists Union’s proposal is for an average 7.5% wage increase over four years. The dock workers will get paid 62% more in six years than today, and, if ratified by their members, the machinists will get 35% more in four years. [...]
⟶ Keep Reading3Q24 International Value Strategy Newsletter: Understanding the Eighth Wonder of the World
The effects of compounded interest have staggered the imagination of human thought. What Berkshire Hathaway (BRK) has accomplished since 1965 would be incomprehensible to the people of 1965. While tough to comprehend, it is not tough to calculate; it can be done with a standard calculator or your phone. In this letter, we’d like to discuss how we think about compounded interest in the strategy and how this can help us evaluate securities among the companies we currently own alongside our investors. [...]
⟶ Keep Reading3Q24 U.S. Value Strategy Newsletter: Pinnacles of Confidence
For better or for worse, we at Smead Capital Management have very long memories. One of our favorite pinnacles of confidence is the financial euphoria in 2011 surrounding the Brazil-Russia-India-China (BRIC) trade. China’s command economy was growing 10% per year and helping to create momentum, which grabbed hold of the economies of nearby countries, as well as the companies and countries providing natural resources. It also captivated U.S. investors as they poured money into funds which gave them access to the momentum stocks. [...]
⟶ Keep ReadingPresidential Stock Market Euphoria
How does the euphoria for stocks in the days after the 1980 election contrast with today’s Trump election euphoria? What were the fundamentals of the 1980 stock market compared to today’s fundamentals? What...
⟶ Keep ReadingCNBC: Cole Smead, CFA on the Oil Market’s Future
More Iran sanctions and ‘drill baby, drill’: Oil market’s future is still uncertain under Trump By Natasha Turak For more information go to www.cnbc.com. The information contained in this article […]
⟶ Keep ReadingYahoo Finance: Cole Smead, CFA on Investing like Buffett
How to invest like Buffett: Grow your circle of competence For more information go to finance.yahoo.com. Stocks mentioned: BRK, BAC, OXY The information contained in this tv appearance represents […]
⟶ Keep ReadingThe Pictures Say It All
Dow Jones (publisher of "The Wall Street Journal") announced that Nvidia (NVDA) will replace Intel (INTC) in the Dow Jones Industrial Average. Intel was brought in to replace Union Carbide four months and...
⟶ Keep ReadingBarron’s: Bill and Cole Smead on Where the Stock Market Is Headed Next
Where the Stock Market Is Headed Next, According to Our Exclusive Investor Survey By Paul R. La Monica For more information go to www.barrons.com. The information contained in this article […]
⟶ Keep ReadingInflation Mathematics
Two major labor unions, the Dock Workers Union and the Boeing Machinists Union, have attempted to reach an agreement with their employers on a contract. The dock workers agreement proposes an average 8.5%...
⟶ Keep Reading3Q24 International Value Strategy Newsletter: Understanding the Eighth Wonder of the World
The effects of compounded interest have staggered the imagination of human thought. What Berkshire Hathaway (BRK) has accomplished since 1965 would be incomprehensible to the people of 1965. While tough to comprehend, it...
⟶ Keep Reading3Q24 U.S. Value Strategy Newsletter: Pinnacles of Confidence
For better or for worse, we at Smead Capital Management have very long memories. One of our favorite pinnacles of confidence is the financial euphoria in 2011 surrounding the Brazil-Russia-India-China (BRIC) trade. China’s...
⟶ Keep Reading
