Author: Smead Capital Management

Late in the Party

William Smead Chief Executive Officer Chief Investment Officer  Dear Fellow Investors: At the annual meeting of Berkshire Hathaway in May of 2006, Warren Buffett was asked to comment on the commodity markets in the US and here is what he said: “I don’t think there’s

⟶ Keep Reading

The Biggest Bear Market Rally of All?

William Smead Chief Executive Officer Chief Investment Officer Subscribe to the Missives Podcast Click here to listen to this Missive Dear Fellow Investors: At Smead Capital Management we remember how most stock market participants screamed “bear market rally” in the summer of 2009 as the

⟶ Keep Reading

The Exodus

William Smead Chief Executive Officer Chief Investment Officer Dear Fellow Investors: A number of media outlets wrote recently about the explosion in prices of residential real estate in Vancouver, British Columbia. These articles concluded that over 70% of these purchases were from Chinese Nationals and

⟶ Keep Reading

CNBC: CIO Bill Smead on the Markets (6/7/2011)

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 this tv appearance do not represent all of the securities

⟶ Keep Reading

CNBC: CIO Bill Smead on the Emerging Markets (5/16/2011)

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 this tv appearance do not represent all of the securities

⟶ Keep Reading

The Tough Transition

William Smead Chief Executive Officer Chief Investment Officer Dear Fellow Investors: Stock market participants seem to be having a great deal of difficulty handling temporary economic weakness. This weakness is highly likely to be a combination of higher gasoline prices and the disruptions that supply

⟶ Keep Reading

Supreme Moment

William Smead Chief Executive Officer Chief Investment Officer Dear Fellow Investors: Kairos (καιρός) is an ancient Greek word meaning the right or opportune moment (the supreme moment). The world of value investing and portfolio management includes mean reversion and patience. Speculative episodes typically go on

⟶ Keep Reading

CNBC: CIO BIll Smead on Companies Raising Prices (5/2/2011)

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 this tv appearance do not represent all of the securities

⟶ Keep Reading
Scroll to Top