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Bill Smead

Founder and Chief Information Officer, Smead Capital Management

Bill Smead is the founder of Smead Capital Management, where he oversees all activities of the firm. As CIO, he is responsible for all investment and portfolio decisions as well as reviewing the implementation of those decisions in the firm’s separate accounts and the Smead Value Fund. He has appeared on CNBC and Bloomberg TV in addition to being quoted by news publications such as Reuters, Bloomberg, and the Wall Street Journal.

Bill’s Recent activity

There's No Place Like Home
There's No Place Like Home
Aug 20, 2014
Passive investors should beware because Dorothy might look at the stock picking and asset allocation world and tell Toto, “I have a feeling we’re not in Kansas anymore.”
High and Sustainable Profitability
Mar 20, 2014
To understand our third criteria for selecting stocks, you need to imagine athletes who have found the fountain of youth. Consider this: Robinson Cano has been one of the most consistently successful baseball players...
Meeting an Economic Need
Meeting an Economic Need
Feb 20, 2014
At heart, Smead Capital Management is a stock picking organization. On top of our bottoms-up stock picking discipline, we are driven by our belief and respect for the laws of economics. One example of this is the sub...
David (Active Management) vs. Goliath (Passive Indexes)
David (Active Management) vs. Goliath (Passive Indexes)
Jan 21, 2014
Malcolm Gladwell is a fantastic writer and his new book, David and Goliath, got us thinking about his current thesis: David as a poster child for underdogs is a mistake. Gladwell contends that David had significant...
The Milken Rule and Wide/Sustainable Moats
The Milken Rule and Wide/Sustainable Moats
Dec 30, 2013
This is my 34th year in the investment business. You might not be aware that I trained and worked at Drexel Burnham my first nine years in the business. Michael Milken was the driving force behind the success and...
High Quality and Time-Horizon Arbitrage
High Quality and Time-Horizon Arbitrage
Dec 08, 2013
At Smead Capital Management, we love to acknowledge financial journalists who really demonstrate an understanding of the underlying truths associated with high-quality and long-duration common stock investing. The...
Dream to Outperform the Market
Dream to Outperform the Market
Nov 17, 2013
If you dream about investment market outcomes which are already popular in the marketplace, your dreams can turn into nightmares. The Everly Brothers 1958 hit song, “All I have to do is Dream” tells us a great dea...
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