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Author: William Smead

The Tough Transition

William Smead Chief Executive Officer Chief Investment Officer Printable Version   Dear Fellow Investors: Stock market participants seem to be having a great deal of difficulty handling temporary economic weakness. This weakness...

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Cash Hoards

William Smead Chief Executive Officer Chief Investment Officer Printable Version   Dear Fellow Investors: In an article in Saturday’s Wall Street Journal, Jason Zweig asked the question, “What will it take for companies to...

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Bull Case Nobody Makes

William Smead Chief Executive Officer Chief Investment Officer Printable Version   Dear Fellow Investors: In a Gallup Poll last week, 75 percent of Americans said the nation’s biggest problem in their mind was an economic...

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More People

William Smead Chief Executive Officer Chief Investment Officer Printable Version    Dear Fellow Investors: As value managers, we at Smead Capital Management are as interested as anyone in secular trends. We seek company...

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Supreme Moment

William Smead Chief Executive Officer Chief Investment Officer Printable Version     Dear Fellow Investors: Kairos (καιρός) is an ancient Greek word meaning the right or opportune moment (the supreme moment). The world of value...

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Battle Royal

William Smead Chief Executive Officer Chief Investment Officer Printable Version   Dear Fellow Investors: When I was eight years old I caught the Pro Wrestling bug. Stan “The Crusher” Stasiak, Lonnie Mayne and Tony Borne were...

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Dot-Commodities

William Smead Chief Executive Officer Chief Investment Officer Printable Version   Dear Fellow Investors: At Smead Capital Management we have decades of investment experience starting as early as 1980, and have read the US...

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Wayne Gretzky on Value Investing

William Smead Chief Executive Officer Chief Investment Officer Printable VersionSubscribe to the Missives Podcast Click here to listen to this Missive Dear Fellow Investors: Wayne Gretzky was once asked why he thought he was...

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Y2QE

William Smead Chief Executive Officer Chief Investment Officer Printable VersionSubscribe to the Missives Podcast Click here to listen to this Missive Dear Fellow Investors: In 31 years of being in the investment business, I...

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