Browsing Tag
william smead
136 posts
Teeter-Totter Stock Market
by William Smead, Smead Capital Management One way of thinking about the share price of a common stock…
William Smead: Nobody Knows Nothin’ at Psychological Extremes
by William Smead, Smead Capital Management As Carl Icahn bailed out on Occidental Petroleum (OXY) common shares recently,…
The Conviction Gap: What Most Advisor Portfolios Are Missing at the Core
Most advisor portfolios mistake active weight for manager conviction. Franklin Templeton's five-factor core equity suite fixes that, starting with a proprietary conviction signal that extracts what managers actually believe.
Bill Smead: "Battle Royal Markets"
by William Smead, Smead Capital Management Over the last ten years we’ve seen the rise of the Battle…
Money Goes Where Treated Best
by William Smead, Smead Capital Management We believe money always goes where it gets treated the best. A…
William Smead: Political Football Stocks
by William Smead, Smead Capital Management There are many ways to practice value investing and many ways to…
The Risk Pendulum
by William Smead, Smead Capital Management A series of important factors in the U.S. stock market are in…
The Potential Illiquidity Bonanza
by William Smead, Smead Capital Management We believe there is a severe lack of liquidity in the stock…
Underperforming Like It’s 1999
by William Smead and Tony Scherrer, Smead Capital Management The singer, Prince, wrote about “partying like it’s 1999.”…
William Smead: Just Do The Math!
by William Smead, Smead Capital Management We remember looking at demographic charts back in the 1990s which compared…
Buffett’s Annual Letter: Forest for the Trees
by William Smead, Smead Capital Management There is an old expression, “You can’t see the forest for the…
William Smead: "Ph.D. in Used to Be"
by William Smead, Smead Capital Management “Those who don’t know history are doomed to repeat it.” — Edmund…
We See Dead Stocks
by William Smead, Smead Capital Management Financial euphoria episodes are a common occurrence in investment markets and the…
Dr. Jekyll Economy Meets Mr. Hyde Markets
In the famous book, Strange Case of Dr. Jekyll and Mr. Hyde, Dr. Jekyll and Mr. Hyde were…
The Tortoise Can Beat the Hare
Jessie Livermore was one of the greatest investors of all time. In the book, Reminiscences of a Stock…
Bill Smead: "Well Known Facts Can Hurt You"
Our long-time readers are aware that we analyze the U.S. stock market through the prism of what we…