Warren Buffett on Hyperactivity
Good News in Newspapers?
Baseball and Investing: The Hunt for the Best Pure Hitters
Wise Beginnings and Foolish Endings: 1Q 2016 Newsletter
Portfolio Management: Which Risks to Take
Toll Bridge Stocks: Don't Just Do Something, Sit There
Political Punching Bags
Berkshire Hathaway Annual Letter: Cheap and Wonderful
The Waiting is the Hardest Part
The Big Long
Revenge of the Nerds
2016: The Year of the Foolish Critic
Breaking Up Is Hard To Do
Stock Market Control
Historical Rates Impact Common Stocks
Innovation and Scotch Tape
Drilling for Oil on Wall Street
We’ve Only Just Begun
Contentiousness Du Jour
3Q 2015 Smead Capital Management Quarterly Newsletter: The Red, Green, and Beige Room
What’s the Market's Biggest Risk?
Stuck in the Middle with You
Competing with the Alpha and the Omega
The Earbud Stock Market
Security Valuation: What Can Microsoft and Walmart Teach Us about Amazon?
Video Didn’t Kill the Radio Star
China’s Command Economy: The Gift That Keeps on Giving
Solomon's Long Duration Investment Wisdom
The 1982 Playbook
Peter Lynch on Today
Frank Sinatra on the Reinvestment of Unrealized Gains
Interest Rates Affect on Intrinsic Value
No Looking Back in Stock-Picking
Sugar and Spice and Everything Nice: Buffett’s 50th Shareholder Meeting
Could Aflac’s Contentiousness Spell Wealth Creation?
1Q 2015 Newsletter: Eliminating the Confusion about Active Equity Management
Common Stocks: A Garden of Wealth Creation
Should You Buy in to Oil’s Secular Bear Market?
Buffett on the Value of Patient Optimism
Find Hated, You May Find Wealth
Keynesian Contrarianism: Where is the Minority Today?
Woody Hayes on Portfolio Management
The Cacophony of Earnings Announcements
Will Millennials Drive in 2-0-1-5?
Are Macroeconomists Rebuilding a Wall of Worry?
Those of you who follow us at Smead Capital Management know that we believe in the idea that good markets die on too much affection and continue due to a lack of affection. You also know that we want to own wonderful companies for a long time and do so through regular stock market corrections/bear markets over the years. Since the stock market bottom in March of 2009, this secular bull market has climbed on a wall of worry and on a lack of optimism.