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.