Cole Smead

Cole Smead, Portfolio Manager at Smead Capital Management, offers sharp insights into the complexities of today’s markets. He discusses the dangers of fiscal largesse and inflation while challenging the myth of American exceptionalism. There's a deep dive into earnings quality, revealing troubling trends among U.S. corporations, and an analysis of passive investing's effects on market dynamics. Smead also contrasts the current AI boom to historical manias, emphasizing lessons from Buffett and Munger about evaluating companies and understanding investment risks.

Portfolio manager Cole Smead discusses the classic title 'Money Masters' by John Train. Topics include the existence of a money mind, the correlation between being born poor and investing success, and the insight that businesses are always dying. They also touch on lessons from T. Rowe Price, identifying with investments, and applying marketing principles in investing.

Cole Smead, CEO and portfolio manager at Smead Capital Management, on energy markets and oil supply risks. Marcelo P. Lima, founder of Heller House, on fintech efficiency, layoffs and AI implications. Michael Contopoulos, deputy CIO at Richard Bernstein Advisors, on equities, bonds and liquidity. They discuss oil spikes from Middle East conflict, inflation and bond moves, fintech cost cuts, and portfolio positioning amid volatility.

Mike McGlone, Bloomberg commodities strategist focused on oil and gold. Cole Smead, value-oriented equity manager targeting cyclicals. Karen Manna, fixed-income strategist specializing in credit and yield. Rebecca Walser, wealth manager focused on commodities and precious metals. They discuss how the Iran war shocks energy markets, strategic reserve responses, gold volatility, cyclical vs tech positioning, and credit and yield implications.

Cole Smead, CEO and Portfolio Manager at Smead Capital Management, explores the art of long-term value investing with a focus on capital discipline. He discusses the challenges of successful investing in today’s volatile market and draws parallels to Warren Buffett. Smead believes in strategic investment choices, emphasizing agility in capital allocation. The conversation also touches on the implications of America's debt, market dynamics between stocks and bonds, and innovative investment strategies inspired by baseball tactics.