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Munger’s Phone is Not Ringing

[…] Two months ago, the S&P 500 Index was at all-time highs, 19-times earnings and massively over-weighted in popular large growth companies. Those quality growth names have soared on a relative basis in this miserable market environment, just like the “Nifty-Fifty” stocks did in 1972. Bingeing on large growth glamour in 1972 led to a devastating bear market in 1973-1974 which lasted 22 months and removed 40% of the S&P 500 market cap.[…]

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Bloomberg: Tony Scherrer, CFA on U.S. Banks

Wells Fargo, JPMorgan, Bank of America Favored by Smead Capital, Tony Scherrer Says By Shery Ahn, Paul Allen For more information go to www.bloomberg.com. Stocks mentioned: JPM, C, BAC, WFC The information contained in this article represents SCM’s opinions, and should not be construed as

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WSJ: CIO Bill Smead discusses Banks

For U.S. Banks, Headwinds Keep Blowing By James Sterngold For more information go to www.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 securities

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Reuters: Tony Sherrer discusses bank dividends

Investors may wait longer for higher dividends from U.S. banks By Peter Rudegeair For more information go to www.reuters.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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Bloomberg: Bill Smead Discusses Berkshire

Berkshire Soars as Buffett Shifts Focus From Stocks to Takeovers By Noah Buhayar 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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5 Questions with CIO Bill Smead

  The information contained in this video represents SCM’s opinions, and should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results. Some of the securities identified and described in this video are a sample of issuers being

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SCM 3rd Quarter 2009 Newsletter

Gentlemen Prefer Bonds » Sign up for Smead Capital Management’s Quarterly Newsletters Marilyn Monroe was a physically beautiful woman who figured out early in her career that coloring her hair blonde would draw attention. Not only did it further her career, but it led her

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