Author: Smead Capital Management

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

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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

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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

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Dot-Commodities

William Smead Chief Executive Officer Chief Investment Officer Dear Fellow Investors: At Smead Capital Management we have decades of investment experience starting as early as 1980, and have read the US economic history which we didn’t live through ourselves. In a recent research piece, Barry

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CNBC: CIO Bill Smead on Squawk on the Street (4/7/2011)

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

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Y2QE

William Smead Chief Executive Officer Chief Investment Officer Subscribe to the Missives Podcast Click here to listen to this Missive Dear Fellow Investors: In 31 years of being in the investment business, I have observed a series of events played out in the late stages

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CNBC: CIO Bill Smead on Worldwide Exchange (3/28/2011)

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

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Bloomberg: CIO Bill Smead Quoted on Ebay (3/9/2011)

PayPal Hires Blackhawk CEO to Oversee Push Into Physical Stores by Joe Galante 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

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America: Not Built by Risk Management

William Smead Chief Executive Officer Chief Investment Officer Dear Fellow Investors: After 31 years in the investment business, I have come to the conclusion recently that we have become a nation of risk adverse people being led by a risk adverse group of financial industry

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