Category: Missives

The Truth Will Set You Free

William Smead Chief Executive Officer Chief Investment Officer Subscribe to the Missives Podcast Click here to listen to this Missive Dear Fellow Investors: Barron’s ran an article by Tom Sullivan in the January 9, 2010 edition which focuses on a myth which has been perpetrated

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Vision Makes a Difference

William Smead Chief Executive Officer Chief Investment Officer Subscribe to the Missives Podcast Click here to listen to this Missive Dear Fellow Investors: Thanksgiving break I read a book by Professor Thomas Sowell titled “A Conflict of Visions”. He explains that most of the political

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Quite a Contrast

William Smead Chief Executive Officer Chief Investment Officer Subscribe to the Missives Podcast Click here to listen to this Missive Dear Fellow Investors: On November 13th, CNBC writer Jeff Cox shared the findings of a recent survey of major institutional investors put out by Bank

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Insider Buying

William Smead Chief Executive Officer Chief Investment Officer Subscribe to the Missives Podcast Click here to listen to this Missive Dear Fellow Investors: The Wall Street Journal reported on Nov. 2nd that non-financial publicly traded companies were holding more cash on their balance sheets than

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The Stages of a Bull Market

William Smead Chief Executive Officer Chief Investment Officer Subscribe to the Missives Podcast Click here to listen to this Missive Dear Fellow Investors: We’ve experienced a sharp pull back in the “Greatest Bull Market Nobody Loved”. While this market takes an intermission, we at Smead

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1982 or 2009: Pick Your Poison

William Smead Chief Executive Officer Chief Investment Officer Subscribe to the Missives Podcast Click here to listen to this Missive Dear Fellow Investors: 1982 The stock market bottomed in August of 1982 just below 800 on the Dow Jones Industrial Average (DJIA) during the worst

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Battle of the Heavyweights

William Smead Chief Executive Officer Chief Investment Officer Subscribe to the Missives Podcast Dear Fellow Investors: We are witnessing one of the greatest battles to control the hearts and minds of investors that we at Smead Capital Management have just about ever seen. In one

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Cult Stocks

William Smead Chief Executive Officer Chief Investment Officer Subscribe to the Missives Podcast Click here to listen to this Missive Dear Fellow Investors: There are amazing financial and psychological rewards that can come from what we call Cult Stocks. At Smead Capital Management (SCM), we’ve

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Peak Oil Mini-Me Part 2

William Smead Chief Executive Officer Chief Investment Officer Subscribe to the Missives Podcast Click here to listen to this Missive Dear Clients and Prospective Clients: We at Smead Capital Management (SCM) wrote a piece a few months ago called “Peak Oil Mini-Me” in which we

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Bi-Polar Sentiment Readings

William Smead Chief Executive Officer Chief Investment Officer Subscribe to the Missives Podcast Click here to listen to this Missive Dear Clients and Prospective Clients: As many of our clients and investors know, we at Smead Capital Management are focused on owning outstanding companies for

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