The information contained in this tv appearance 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 tv appearance 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.
CNBC: CIO Bill Smead on the Emerging Markets (5/16/2011)
Recent Missives
Funding Unprofitable Growth
March 21, 2023
We have been reminding everyone that we believe we are unwinding a financial euphoria episode that Charlie Munger called โthe biggest of his career, because of the totality of it.โ In the process...
โถ Keep ReadingThe 2022-2023 Regime Change
March 14, 2023
The events that began with Thursdayโs tumult in financial stocks and precipitated the FDIC takeover of Silicon Valley Bank and Signature Bank were swift. The only thing that ran through my mind was...
โถ Keep ReadingMusings from Buffettโs Letter
March 7, 2023
There were many good things to think about from Warren Buffettโs letter to shareholders which came out recently. In this piece, weโd like to drill down on two subjects that Buffett highlighted. [...]
โถ Keep ReadingDrilling for Oil on the NYSE
March 1, 2023
As a young stockbroker in the 1980s, I was very enamored with T. Boone Pickens. Pickens recognized the huge value that built up in common stocks in the inflationary 1970s and began to...
โถ Keep ReadingRamblings From My Idol, Charlie Munger
February 22, 2023
On February 5, 2023, Charlie Munger sat down as the Chairman Emeritus of the Daily Journal Corporation (DJCO) to answer questions from shareholders and the public. We think of it as the question-and-answer...
โถ Keep ReadingHappy Days Are Here Again
February 14, 2023
[...] Stock market history argues that the next bull market in stocks will emerge when all the sinful behaviors of the last financial euphoria have been cleansed from the system. It will be...
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