Our Abusive Parent Leads to Lots of Experts at Extremes

As portfolio managers, we feel like the children of an abusive parent. The parent spent the last 29 years teaching us the difference between right and wrong. We in turn have been executing the behaviors that are preferred by the abusive parent. Unfortunately, the abusive parent chooses to abuse us financially and psychologically. Many have rightly fled the household of the abusive parent and gone to…

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Financial Times: Cole Smead, CFA on US Oil Spending

January 24, 2025

Wall Street will stymie Donald Trump’s US oil surge plan, say shale bosses By Amanda Chu and Jamie Smyth For more information go to www.ft.com. Stocks mentioned: CVE, OXY The […]

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Bursting the Complacency Bubble

January 23, 2025

The phrase "majoring in the minor" refers to focusing excessively on trivial details while neglecting more important aspects of a situation. This analytical flaw is especially prevalent in today’s investment environment. Quarterly earnings...

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Barron’s: Cole Smead on Trump’s Canadian Tariff Threat

January 22, 2025

Trump’s Canadian Tariff Threat Scrambles Oil Stocks. Why Some See Opportunity. By Avi Salzman For more information go to www.barrons.com. The information contained in this article represents SCM’s opinions, and […]

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The Wall Street Journal: Cole Smead, CFA on “drill, baby, drill”

January 22, 2025

How a Trump Trade War Puts Cheap Oil From Canada at Risk by David Uberti For more information go to www.wsj.com. The information contained in this article represents SCM’s opinions, […]

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CNBC: Cole Smead, CFA on Energy Investing in 2025

January 15, 2025

Smead Capital CEO Cole Smead on energy investing in 2025 By Kelly Evans For more information go to www.cnbc.com. Stocks mentioned: SCR, MEG, CVE, IMO The information contained in this […]

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4Q24 International Value Strategy Newsletter: Paku Paku: Swallowing Like Pac-Man

January 15, 2025

[...] Investors and management teams often forget that the stock market isn’t a game of you versus them. It’s a game of you versus you. Mr. Market comes to you every day with...

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