Author: Smead Capital Management

Yahoo Finance: Cole Smead, CFA on the US Deficit

  US deficit is an ‘economic stabilizer’ amid uncertainty  For more information go to finance.yahoo.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 guarantee of future results. The

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CNBC: Bill Smead on Warren Buffett’s Plan to Step Down

Berkshire shareholders are ‘stunned’ as Warren Buffett announces plan to step down after 6 decades By Alex Harring and Yun Li For more information go to www.cnbc.com. The information contained in this article represents SCM’s opinions, and should not be construed as personalized or individualized

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1Q25 International Value Strategy Newsletter: Fur Coats in July

[…] Warren Buffett once said that the stock market was formed to move money from those who are impatient to those who are patient. We look ahead in these businesses because the capital structures are not in a near-term crisis. We believe they are ready to weather this. However, we think the scarcity of capital willing to invest in places like oil and gas and other commodity interests will benefit the forward returns of these companies and, thus, us as shareholders. Think of it like you are us living in the desert. You go to the mountains in July and buy your fur coat at a big discount. You full well know that you will not be using it for months. When winter hits, you pull it out, and you are excited for cold temperatures and possibly snow – you prepared for this moment. We believe the same thing could be true for our international common stock portfolio.

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1Q25 U.S. Value Strategy Newsletter: Looking Both Ways Through a Cold Streak

[…] Stock market popularity comes and goes, but meritorious businesses like the ones we own have a history of rewarding owners over the long haul. It’s all about having the courage and patience to stand with these companies during a cold streak when the stock market’s random walk is working against us. During these challenging times, we will continue to look twice before crossing the road, but we remain confident that we will reach our destination safely.

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