Author: Smead Capital Management

Common Stocks: A Garden of Wealth Creation

When I was ten years old, my Dad asked me if I’d like to make some money. Those of you who know me are aware the answer to that question is almost always yes. Dad offered me the chance to plant two rows of tomatoes in his one-acre garden. I would weed and water the two rows with the hopes of selling the fruit of my labor to the grocery store in my hometown of Washougal, Washington.

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Reuters: Tony Scherrer offers thoughts on Heinz-Kraft merger

Nutritionists warn diners to be wary of Warren Buffett’s ‘junk-food’ portfolio By Barbara Goldberg For more information go to www.reuters.com. The information contained in this article represents SCM’s opinions, and should not be construed as personalized or individualized investment advice. Past performance is no guarantee

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WSJ: CIO Bill Smead discusses Banks

For U.S. Banks, Headwinds Keep Blowing By James Sterngold For more information go to www.wsj.com. The information contained in this article represents SCM’s opinions, and should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results. The securities

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Buffett on the Value of Patient Optimism

Like picking up the Good Book, a read of Berkshire Hathaway’s Annual Shareholder Letter yields
insight, wisdom, and encouragement for the long-duration common stock investor in a world of shortterm
thinking and 30-second sound bites.

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