Section
value investing
249 posts
Frank Sinatra on the Reinvestment of Unrealized Gains
by William Smead, Smead Capital Management In the song, “That’s Life,” Frank Sinatra tells us everything we need…
Prepare, Don’t Predict: Building Resilient Portfolios with Private Credit
For decades, investors climbed the 60/40 ladder with confidence. Now, every step feels less steady. High inflation that refuses to budge, interest rates that won’t come down anytime soon, and the growing correlation between stocks and bonds...
Crouching Tigers, Hidden Assets
by William Smead, Smead Capital Management Our experience tells us that Crouching Tigers, while appearing contentious and dangerous,…
Competing Investment Strategies Are Difficult to Stick With or Let Go Of
by Ben Carlson, A Wealth of Common Sense One of the most difficult aspects of investing is that…
Five Good Questions for Wesley Gray, co-Author of "Quantitative Value"
After serving as a Captain in the United States Marine Corps, Dr. Wesley Gray became a finance professor…
Confidence Game
by Tom Brakke, Research Puzzle Seth Klarman once said, “You need to balance arrogance and humility . .…
Ben Graham's Mr. Market 2015
by William Smead, Smead Capital Management In the Berkshire Hathaway 1987 Annual Report, Warren Buffett wrote the following:…
One of the Worst Arguments in Finance
by Ben Carlson, A Wealth of Common Sense “In the stock market, value standards don’t determine prices; prices…
Why Does Everyone Keep Asking Us About Great Value Buys in Europe?
by Gavekal Capital Blog While attending a conference last week and hearing questions and comments such as, "Europe's…
William Smead: "The Most Contentious Stocks We Own Have Been Our Best Performers"
by William Smead, Smead Capital Management We have been out on the road telling the story of Smead…
Book Review: Kim Shannon's "The Value Proposition"
Brief excerpt from CFA Institute on The Value Proposition followed by full book description The Value Proposition: Sionna’s Common…
Will $2.50 Gasoline Catalyze U.S. Consumer Stocks?
by William Smead, Smead Capital Management A great deal has been written about how lower gasoline prices could…
Outrunning the Bear: An Active Manager’s Survival Guide
by William Smead, Smead Capital Management Two long-time friends go up in the mountains on a hunting…
William Smead: Do Activist Investors Let the Game Come to Them?
by William Smead, Smead Capital Management As a recovering amateur athlete—the pinnacle of my athletic career was four…
When are Value and Growth Going to Matter Again
by Ben Carlson, A Wealth of Common Sense Generally, investing in different factors will give you a…
Bill Smead: Buffett’s Passive Can of Worms
Buffett’s Passive Can of Worms by William Smead, Smead Capital Management A great deal of confusion exists today…
