Chief Investment Officer William Smead writes this missives explaining how Noah's work and his as a blue chip money manager are very similar.

Chief Investment Officer William Smead writes this missives pondering the what ifs that are out there for investors.

Chief Investment Officer William Smead writes this missives explaining how our economy is resetting back to trend of personal savings which makes the circumstances difficult.

Chief Investment Officer William Smead talks about the good news to that you hear around major market bottoms.

Chief Investment Officer William Smead writes this Missive to show baby boomers the many positives amongs the misery of cheaper asset prices.

Chief Investment Officer William Smead writes this Missive explaining the frustration and learning process currently in the investment markets aren't that dissimilar from most people's first year in college.

Chief Investment Officer William Smead writes this Missive addressing the investor silence amid last week's strong stock market performance.

Chief Investment Officer William Smead writes this Missive addressing the number of people that agree that the stock market is no place to be and how that has proven to serve them in the past.

Chief Investment Officer William Smead writes this Missive explaining how people that are making the normally rewarding decisions are instead being punished in the stock market.

Smead Capital Management believes right at the time when everyone says buy and hold is dead is the best time to to be long-term holders of high quality investments.