Smead Capital Management

Dear fellow investors, In the 2017 Berkshire Hathaway Annual Letter, Warren Buffett told us what he is doing, and, in … Read more

Dear fellow investors, Warren Buffett, Jeff Bezos and Jamie Dimon recently announced that their three companies will form a non-profit … Read more

Smead Capital Management letter to investors  titled,”Risk Is Not High Math.” Dear fellow investors, Long term success in common stock … Read more

Smead Capital Management newsletter for the fourth quarter ended December 31, 2017; titled ‘Valuing Uncertainties.” As we enter 2018, numerous … Read more

Dear fellow investors, It is hard to think about 1981, my first full year in the investment business. Three-month Treasury … Read more

Dear fellow investors, Over the weekend I stopped to watch the last part of a James Stewart Western called, The … Read more

Dear Fellow Investors: At heart, Smead Capital Management is a stock picking organization. On top of our bottoms-up stock picking … Read more

by Smead Capital Management After watching “Forrest Gump” for about the thirtieth time recently, I realized that the US economy … Read more

by Smead Capital Management On a recent trip to Europe we participated in a forum in Milan of five stock … Read more

by Smead Capital Management Smead Capital  August letter: Our first look at this comes from Callan’s long-term style box chart. … Read more