Commentary

Home Builders’ Sentiment

The Wall Street Journal reported last week that the National Association of Home Builders’ (NAHB) sentiment about the future was 33% and at its lowest since 2012.

Commentary

The Good News: Einhorn is Finkle

In the 1994 comedy film, Ace Ventura: Pet Detective, Lt. Einhorn is the female leading the Miami police’s investigation of the disappearance of the Miami Dolphin’s mascot, Snowflake.

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Humpty-Dumpty Stock Market

The era of the dynamic sales growth tech company, with a religious quality to its leadership, appears to be over.

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Dial P911 for Value in Porsche and VW

If you were walking down the street and saw a $100 bill just sitting near the curb, would you pick it up?

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Newton’s Law of Stock Market Motion

Newton's First Law of Motion states that an object in motion tends to stay in motion unless an external force acts upon it.

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Humming All the Way to Reno

The investors in the Smead International Value Fund have asked our team at Smead Capital Management what looks attractive today.

Commentary

At This Moment

We are at the point in this nasty bear market where those who are buying the glamour tech stocks of the last ten years (on the way down) are at a crucible.

Commentary

First World Problems

The investors of Smead Capital Management have been hearing us talk about ‘First World Problems’ recently.

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The Strategic Squeeze

Thanks to reading Spencer Jakab’s book, The Revolution That Wasn't, we've been thinking about what it is like to be in a short position when overwhelming demand affects prices.

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Do As I Say

The current stock market circumstances have created an incredible contrast between what investors say they think about the stock market versus what they are doing with their capital.

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Suffering Slings and Arrows

We believe one of the hardest things to do in common stock investing is to hold winners for a long time. This is especially true with what are normally cyclical industries.

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The Mayor White Problem for Investors

While reading Jeff Nussbaum’s new book Undelivered, I came across the story of Boston’s Mayor Kevin White and the 1974 busing of Boston public school students.

Commentary

Bear Markets Like This One

We are getting questioned constantly on how long this bear market in U.S. stocks will continue.

Commentary

Two-Headed Investment Monster

As we’ve hit the halftime mark for the investment year 2022, we are faced with a daunting two-headed monster.

Commentary

Love is in the Air

Chairman and largest shareholder, Harold Hamm, is trying to own our shares of Continental Resources (CLR US) at a price of $70.