Bloomberg: Tony Scherrer, CFA on Wells Fargo CEO

Wells Fargo CEO Abruptly Steps Down, Succumbing to Scandals

By Hannah Levitt

Stocks mentioned: WFC

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 future results. The securities identified and described in this article do not represent all of the securities purchased or recommended for our clients. It should not be assumed that investing in these securities was or will be profitable. A list of all recommendations made by Smead Capital Management with in the past twelve month period is available upon request.

We Advise Investors

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

Recent Missives

A Sharpe Rebuke

January 31, 2023

We are closing in on what we think may be the question of the decade. If a majority of stock market capitalization in the US is passive or indexed, does this cause problems...

⟶ Keep Reading

Recession Fear Investing

January 24, 2023

A recession is two consecutive quarters of economic contraction. Historically, highly inverted yield curves like we have now are predictive of recessions. The 10 Year Treasury Bond interest rate has dropped from 4.3%...

⟶ Keep Reading

4Q22 International Value Strategy Newsletter: The Law of Comparative Advantage

January 15, 2023

[...] The frustration of other investors and the strength of non-US dollar assets we believe will be our comparative advantage.

⟶ Keep Reading

4Q22 U.S. Value Strategy Newsletter: Shame on Me in 2023

January 15, 2023

[...] We at Smead Capital Management believe the stock market wants to cause stock market failure by being extremely difficult in 2023. Most investors were fooled in 2022 by expecting circumstances similar to...

⟶ Keep Reading

Not the Cool Kids

January 10, 2023

[...] In the stock-picking world of the last 40 years, we consider Warren Buffett, Charlie Munger, Peter Lynch, John Templeton and other long-duration value investors to be the “cool kids.” They took dramatically...

⟶ Keep Reading

Unreliable Contrarianism

December 20, 2022

It appears to us at Smead Capital Management that investors are behaving in a way that will damage their capital and cause them to suffer stock market failure. In 2022, as the favorite...

⟶ Keep Reading

We Advise Investors

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

US INVESTORS

Individual Investors

OR

Financial Advisors, Family Offices,
and Institutional Investors

OR

NON-US INVESTORS

Individual Investors

OR

Financial Advisors, Family Offices,
and Institutional Investors

OR

Scroll to Top