July 8, 2009
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Author: Smead Capital Management
Long Bears
William Smead Chief Executive Officer Chief Investment Officer Subscribe to the Missives Podcast Click here to listen to this Missive Dear Clients and Prospective Clients: In prior missives, we at Smead Capital Management have shared with you that there is a large group of money
July 7, 2009
The Parable of the Stock Market Sower
William Smead Chief Executive Officer Chief Investment Officer Subscribe to the Missives Podcast Click here to listen to this Missive Dear Clients and Prospective Clients: One of the most famous parables in the Bible can be found in the book of Luke, the Seventh Chapter.
June 29, 2009
The Wrong Premiums
William Smead Chief Executive Officer Chief Investment Officer Subscribe to the Missives Podcast Click here to listen to this Missive Dear Clients and Prospective Clients: At the start of the year, we at Smead Capital Management predicted that 2009 would be like 1988. In the
June 23, 2009
Peak Oil Mini-Me
William Smead Chief Executive Officer Chief Investment Officer Subscribe to the Missives Podcast Click here to listen to this Missive Dear Clients and Prospective Clients: Mike Myers is a very talented writer and comedian. His Austin Powers movies really hit my funny bone. In the
June 12, 2009
Stomach Reinforcement
William Smead Chief Executive Officer Chief Investment Officer Subscribe to the Missives Podcast Click here to listen to this Missive Dear Clients and Prospective Clients: There are two opinions we hold at Smead Capital Management which are very contrary to the conventional wisdom in the
June 8, 2009
Two Bears, One Bull
William Smead Chief Executive Officer Chief Investment Officer Subscribe to the Missives Podcast Click here to listen to this Missive Dear Clients and Prospective Clients: We at Smead Capital Management are not afraid to admire people who disagree with us. If someone sincerely believes that
June 3, 2009
Sell What the Promoters are Promoting
William Smead Chief Executive Officer Chief Investment Officer Subscribe to the Missives Podcast Click here to listen to this Missive Dear Clients and Prospective Clients: Among our most golden rules for investing is the rule that says to avoid or sell investments which are being
May 28, 2009
Bull Markets in Oats and Hay
William Smead Chief Executive Officer Chief Investment Officer Subscribe to the Missives Podcast Click here to listen to this Missive Dear Clients and Prospective Clients: The biggest pollution problem in the United States in 1900 was urban horse manure. Horses need to eat. According to
May 26, 2009
The Biggest Economic Calamity
William Smead Chief Executive Officer Chief Investment Officer Subscribe to the Missives Podcast Click here to listen to this Missive Dear Clients and Prospective Clients: Economists, policy makers, regulators and investors spend most of their adult life worrying about the worst Economic calamity of their
May 21, 2009
