william smead

william smead

U.S. Stock Market on the “Edge of Tomorrow”

Insight Markets Outlook Stocks US Stocks
by William Smead, Smead Capital Management Recently we heard a market prognosticator declare that we could have a 30 percent decline in stock prices in the next 12 ...
Read more Comments Off on U.S. Stock Market on the “Edge of Tomorrow”

The Internet is Brutally Efficient and Totally Agnostic

Economy Insight Markets Outlook
by William Smead, Smead Capital Management On my way home from work recently my progress was impinged by a group of protesters headed up 4th Avenue in downtown ...
Read more Comments Off on The Internet is Brutally Efficient and Totally Agnostic

Forget 2008 While Avoiding Popularity

Bond Market Economy Insight Markets Outlook Stocks US Stocks
by William Smead, Smead Capital Management We continue to be encouraged by the endless interest in doomsday writing about the next 2008 and the way asset allocators have ...
Read more Comments Off on Forget 2008 While Avoiding Popularity

The Over-Capitalization Curse

Insight Markets Outlook Stocks US Stocks
by William Smead, Smead Capital Management At Smead Capital Management we are conscious of the few, but significant pitfalls which we believe exist for the long-duration common stock ...
Read more Comments Off on The Over-Capitalization Curse

Bill Smead: "I Love Technology, but I Love LaFawnduh More"

ideas Insight Markets Outlook Stocks Technology US Stocks
by William Smead, Smead Capital Management The first time I saw the movie, Napoleon Dynamite, I walked out of the theater before the final wedding scene. This caused ...
Read more Comments Off on Bill Smead: "I Love Technology, but I Love LaFawnduh More"

Hangman: The ETF Revolution

ETFs Insight Markets Outlook Stocks Strategy US Stocks
by William Smead, Smead Capital Management Financial innovation in the investment business is, in our opinion, sometimes just smoke and mirrors. The recent movie The Incredible Burt Wonderstone ...
Read more Comments Off on Hangman: The ETF Revolution

William Smead: High and Sustainable Profitability

Insight Markets Outlook
by William Smead, Smead Capital To understand our third criteria for selecting stocks, you need to imagine athletes who have found the fountain of youth. Consider this: Robinson ...
Read more Comments Off on William Smead: High and Sustainable Profitability

William Smead: Wise or Foolish?

Bond Market Bonds Fixed Income Global Investing Insight Markets Outlook Stocks Strategy
by William Smead, Smead Capital Management Warren Buffett says, “What the wise man does in the beginning, the fool does in the end.” In a Barron’s feature over ...
Read more Comments Off on William Smead: Wise or Foolish?

William Smead: EM Misery and US Large-Cap Euphoria

Economy Emerging Markets Global Investing Insight Markets Outlook US Stocks
by William Smead, Smead Capital Management Many investors are wondering why emerging stock market misery currently equates to weakness in the US stock market as represented by the ...
Read more Comments Off on William Smead: EM Misery and US Large-Cap Euphoria

William Smead: Do China Insider Transactions Lie?

China Emerging Markets Global Investing Insight Markets Outlook Stocks Strategy
by William Smead, Smead Capital Management In our business, we like to say that insider transactions never lie. For this reason, one of our eight criteria for selecting ...
Read more Comments Off on William Smead: Do China Insider Transactions Lie?

Dreman and Lorde: We Will Never Be Royals

Insight Markets Outlook Stocks Strategy US Stocks
by William Smead, Smead Capital Management In his 1980 book, Contrarian Investment Strategy, David Dreman opens with an analogy comparing the stock market to a casino with two ...
Read more Comments Off on Dreman and Lorde: We Will Never Be Royals

Bill Smead: David (Active Management) vs. Goliath (Passive Indexes)

active investing ETFs ideas Insight Markets Outlook passive investing Stocks Strategy US Stocks
by William Smead, Smead Capital Management Malcolm Gladwell is a fantastic writer and his new book, David and Goliath, got us thinking about his current thesis: David as ...
Read more Comments Off on Bill Smead: David (Active Management) vs. Goliath (Passive Indexes)

William Smead: Dream to Outperform the Market

Economy Fixed Income Insight Markets Outlook
by William Smead, Smead Capital Management If you dream about investment market outcomes which are already popular in the marketplace, your dreams can turn into nightmares. The Everly ...
Read more Comments Off on William Smead: Dream to Outperform the Market

William Smead: The Thermometer of the Stock Market

Bond Market Bonds Economy Insight Interest Rates Markets Monetary Policy Outlook QE Stocks US Stocks
by William Smead, Smead Capital Management As long-duration owners of common stock, we believe it is the wealth created by the businesses which causes the owners to prosper. ...
Read more Comments Off on William Smead: The Thermometer of the Stock Market

The Underperformance Culprit: Active Management or Active Managers?

Economy ETFs Insight Markets Outlook Stocks US Stocks value investing
by Tony Scherrer, CFA, Director of Research & Portfolio Manager, Smead Capital Management Each year we are reminded of the fact that active management systemically underperforms the benchmark. ...
Read more Comments Off on The Underperformance Culprit: Active Management or Active Managers?