Author: Smead Capital Management

Citywire Global: Cole Smead discusses banks and US domestics

Boutique equity manager backs banks over ‘dangerous’ shale bets Hosted By Chris Sloley For more information go to www.citywireglobal.com.   The information contained in this tv appearance represents SCM’s opinions, and should not be construed as personalized or individualized investment advice. Past performance is no

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3Q 2014 Newsletter: You Ain’t Seen Nothin Yet

Someone recently asked a group of us which band we saw at our first rock concert. My answer was the Canadian band, The Guess Who, in 1975. With hits like “No Time,” “Undun” and “These Eyes,” The Guess Who hit the perfect balance between my 17-year old testosterone driven aggressiveness and my urge to romance the woman of my dreams. The key members of the band in the 1960’s and 1970’s were Burton Cummings and Randy Bachman.

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WSJ: CIO Bill Smead discusses the value of eBay / Pay Pal

EBay Faces Slower Growth, Increasing Competition Without PayPal By Greg Bensinger For more information go to www.online.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.

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CNBC Squawk Box: Bill Smead discusses eBay / Pay Pal split

Squawk Box hosted by Becky Quick, Andrew Ross Sorkin, Joe Kernan   The information contained in this tv appearance 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 identified and

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CNBC: Bill Smead discusses the dollar and the economy

Closing Bell hosted by Bill Griffeth and Kelly Evans   The information contained in this tv appearance 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 identified and described in

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Buffett’s Passive Can of Worms

A great deal of confusion exists today about the merits of passive investing as compared to well-researched active management. An added layer of confusion arose in March when Warren Buffett explained that 90% of his widow’s money would be invested in a low-cost S&P 500 index fund. If this summer was a football game, 15-yard personal foul penalties would be thrown everywhere as experts piled on top of that announcement.

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The Myth of Student Debt: Lies, Damned Lies and Statistics

As school season kicks off, we at Smead Capital Management have been perplexed by the logic and reasoning over the student debt debate in America. There is a consensus in the investment markets today believing that student debt is a major credit problem rivaling other credit problems that were disastrous over the last 30 years. Much like Billy Madison had to prove to his father that he wasn’t completely helpless, today’s students have the daunting task of not only affording college and graduate education, but also finding ways to pay it off over the next 20 years. Billy had to hope to not pick a fight. We don’t have the same sentiment because as contrarians we have to find problems and contentious companies/industries. This seeks to explain the lies, damn lies and the statistics surrounding the student debt myth in the United States.

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