Our Advice
Our company understands how frustrating and illogical the stock market can be. We have been involved in stock markets for 40 years and had success despite these shortcomings. Through our missives, quarterly newsletters and appearances in the media, we provide advice on how to play the long game.
Our Advice
The Tsunami of European Bank Mergers
Most global investors are not attuned to what can be seen on the horizon, not far from shore. After the Great Financial Crisis, Europe was slow to address the underlying capital issues. Rather...
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Reuters: Bill Smead on Occidental’s New CEO and Growth
Occidental’s new CEO tested by debt, lagging stock price and big dividend payments to Berkshire By Sheila Dang For more information go to reuters.com. The information contained in this […]
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The Renaissance of the American Mutual Fund
Most financial advisors believe ETFs hold a structural tax advantage over mutual funds. They don’t. They hold an operational one. The tax code treats both vehicles the same. The mutual fund industry simply...
Keep Reading ⟶Tech Stock Climax
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 ⟶CNBC Europe Squawk Box: Cole Smead on SpaceX Valuation’s Impact
SpaceX is already targeting a mammoth valuation. Will passive funds take it even higher? Squawk Box Europe hosted by Stephen Sedgwick For more information go to www.cnbc.com. […]
Keep Watching ⟶Business Insider: Bill Smead on Being Bullish on Commodities
History says there’s one hedge that could shelter investors during a lost decade for stocks By Jennifer Sor For more information go to www.businessinsider.com. The information contained in this […]
Keep Reading ⟶Late-Stage Mania: “The Worst Thing Ever”
There is a big difference between betting on something and investing in meritorious companies with long holding periods. Although we are no longer shareholders of Berkshire Hathaway, Warren Buffett shared some wisdom with...
Keep Reading ⟶Bloomberg Brief: Cole Smead, CFA on US-Iran Deal Optimism
Stocks Hold at Record Highs on US-Iran Deal Optimism | Bloomberg Brief 5/29/2026 By Vonnie Quinn For more information go to
Keep Watching ⟶A “Casino” Stock Market
There is a big difference between betting on something and investing in meritorious companies with long holding periods. Although we are no longer shareholders of Berkshire Hathaway, Warren Buffett shared some wisdom with...
Keep Reading ⟶Most financial advisors believe ETFs hold a structural tax advantage over mutual funds. They don’t.
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