Author: William Smead

Printable Version Dear Fellow Investors: As we approach the end of 2012, those of us at Smead Capital Management are struck by how helpful the band, The Who, could be to those who are interested in relative performance. Their...

Dear Fellow Investors: We recently had the pleasure of seeing a movie, Argo, and a documentary on HBO, Ethel. Argo is the story of the rescue of the six Americans from the Canadian Ambassador’s residence at the time of the...

William Smead Chief Executive Officer Chief Investment Officer Dear Fellow Investors: If you sat down and made up eight criteria for the perfect Olympic swim champion, you would likely describe Michael Phelps. He is tall and has...

William Smead Chief Executive Officer Chief Investment Officer Dear Fellow Investors: The Bible is full of stories of God’s people living in exile on their own volition. A famine occurred in the land of “milk and...

William Smead Chief Executive Officer Chief Investment Officer Dear Fellow Investors: We spoke to two small groups in Spokane on September 21st, 2012. For better or worse, when I think of Spokane I think of my cousin Gary. It...

William Smead Chief Executive Officer Chief Investment Officer Dear Fellow Investors: In an article published by Marketwatch.com on September 21, 2012, Mark Hulbert asks the question, “Where do you think the stock market...

William Smead Chief Executive Officer Chief Investment Office Dear Fellow Investors: Our long-time readers are aware that we are stingy when it comes to trading and big believers of keeping trading costs low at Smead Capital...

William Smead Chief Executive Officer Chief Investment Officer Dear Fellow Investors: How did the job of an asset allocator move from seeking out undervalued asset classes and securities to one of seeking to mitigate risk? Is...