Sales Desk – US   877.701.2883
Sales Desk – International   +353 1 525 9677

US INVESTORS
Non-US INVESTORS

Sales Desk – US   877.701.2883
Sales Desk – International   +353 1 525 9677

US INVESTORS
Non-US INVESTORS

SCM Missive | October 17th, 2008

William Smead
Chief Executive Officer
Chief Investment Officer 




Dear Clients and Prospective Clients:I have been in the investment business 28 years and Warren Buffett has made a stock market prognostication only two prior times (near the bottom in 1982 and near the top in 1999). Read his Op-Ed piece that was published today in the New York Times. You can get to Buffett’s piece through the link below.

http://rs6.net/tn.jsp?e=001zycbdR9OqH4drPn0duGfcv9aRTv5MPTcS75x4UuBEVwOtL95ASDDq1LFA_D3-ofceXXVsBU3GReZXi6V9BS2PhCfvKwXG7AJ3__fbMeBPbO9SjVkkD0u9vs2iSKY3PBxeTT35uLfh_mahXnH6e9o3CjMbgcOfDzM

Call us if you are underinvested in America’s premier companies.



Warmest regards,
William Smead

We Advise Investors

Sign up to get our advice sent straight to your inbox.

Sign Up

Recent Missives

The Long and Winding Stock Market Road

August 20, 2026

In my 45 years in the investment business, we've observed numerous peaks of excitement. In 1987, a bull market that started at a 1982 bottom below 800 on the Dow Jones Industrial Average...

⟶ Keep Reading

Reuters: Bill Smead on New ConocoPhillips CEO

August 10, 2026

  New ConocoPhillips CEO inherits $7 billion cash flow pledge riding on Alaska oil project By Sheila Dang For more information go to reuters.com. The information contained in this tv […]

⟶ Keep Reading

Circle Of Competence

August 6, 2026

As many of you know, our team at Smead Capital Management has studied the thinking and investment careers of Charlie Munger and Warren Buffett. In today’s Go-Go artificial intelligence-dominated stock market, we’d like...

⟶ Keep Reading

The Market: Cole Smead, CFA on European Bank Mergers

July 23, 2026

A Tsunami of Mergers Is Heading for European Banks By Christoph Gisiger For more information go to www.themarket.ch. Stocks mentioned: UNI, BG, BCS, RO, CVE, SCR, IMO, GLEN The information […]

⟶ Keep Reading

Investment Executive: Bill Smead on Magnificent Seven as a Stock Market Bubble

July 17, 2026

  Is the Magnificent Seven a stock market bubble? By Kevin Press For more information go to investmentexecutive.com. The information contained in this tv appearance represents SCM’s opinions, and should […]

⟶ Keep Reading

2Q26 U.S. Value Strategy Newsletter: Diversification Circa 2026

July 15, 2026

Most of the studies we've seen argue that 90% of the benefit of diversification comes by the 20th common stock. In our discipline, based on our eight criteria for common stock selection, we...

⟶ Keep Reading

We Advise Investors

Sign up to get our advice sent straight to your inbox.

Sign Up

US INVESTORS

Individual Investors

  • CALL 877.807.4122

OR

We'll call you

Financial Advisors, Family Offices,
and Institutional Investors

  • CALL 877.701.2883

OR

We'll call you

NON-US INVESTORS

Individual Investors

  • CALL +352-46-40-10-600

OR

We'll call you

Financial Advisors, Family Offices,
and Institutional Investors

  • CALL +353 1 525 9677

OR

We'll call you
Scroll to Top