Tag: Oil

Two Bears, One Bull

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 are not afraid to admire people who disagree with us. If someone sincerely believes that

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Sell What the Promoters are Promoting

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: Among our most golden rules for investing is the rule that says to avoid or sell investments which are being

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Bull Markets in Oats and Hay

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: The biggest pollution problem in the United States in 1900 was urban horse manure. Horses need to eat. According to

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2+2=4

William Smead Chief Executive Officer Chief Investment Officer       Dear Clients and Prospective Clients: I’m fond of saying that the Math you need to succeed in business is learned by the end of 7th grade. If you can do percentages and simple algebraic

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Noise

William Smead Chief Executive Officer Chief Investment Officer     Dear Clients and Prospective Clients: Sometimes you can’t hear because of all the noise and we at Smead Capital Management believe that this is one of those times. Let me share some interesting facts getting

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Who is on the Cover

William Smead Chief Executive Officer Chief Investment Officer      Dear Clients and Prospective Clients:  Almost two years ago, the Arizona Republic did a feature story on their cover about a talented and successful residential real estate agent located in Paradise Valley, Arizona. He was

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SCM Missive | September 15th, 2008

William Smead Chief Executive Officer Chief Investment Officer  Dear Clients and Prospective Clients:In an 11-month stretch of 1978-79, Oil nearly tripled in price to $34 per barrel, inflation and interest rates skyrocketed and the U.S. Embassy in Iran was taken over by Shiite Fundamentalists for

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SCM Missive | July 17th, 2008

William Smead Chief Executive Officer Chief Investment Officer   Oil and natural gas prices appear to be beginning to unwind. If they unwind, the investment landscape could change on a dime. Barron’s had a chart in it this week which showed five times in the

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