Author: Smead Capital Management

Bloomberg: Tony Scherrer discusses HealthCare and New Drugs

Money Pours Into Health-Care ETFs Spurred by New Drugs By Drew Armstrong 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 performance is no guarantee of future

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WSJ: Bill Smead on Berkshire’s Annual Report

Berkshire Hathaway’s Profit Rises on Improving Economy By Anupreeta Das 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. The

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Harvard’s Endowment: Wise or Foolish?

Warren Buffett says, “What the wise man does in the beginning, the fool does in the end.” In a Barron’s feature over the weekend, writer Andrew Bary dug into the portfolio of Harvard’s Endowment through an interview with their CIO, Jane Mendillo. After all, who could possibly be wiser than what many would argue is the most respected undergraduate and graduate university in the world? Using a combination of Bary’s article and our perspective, this missive will seek to determine whether the Harvard Endowment is wise or foolish.

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