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Author: William Smead

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...

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Gone Mad

William Smead Chief Executive Officer Chief Investment Officer       Dear Clients and Prospective Clients: In his book, Day by Day, Reverend Billy Graham wrote the following: “Columbus was called mad because he decided to sail...

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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...

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Sixth Sense

William Smead Chief Executive Officer Chief Investment Officer     Dear Clients and Prospective Clients: In the movie, “Sixth Sense”, the little boy could see dead people. Unbeknownst to the movie viewers, the dead people...

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SCM 4th Quarter 2008 Newsletter

The King is Dead, Long Live the King  The French say, “Le Roi est mort, vive le Roi!” The King is dead, long live the King. When the Monarch or holder of the throne would die, a new one would immediately rise up and replace the...

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