In episode 290, we welcome our guest, Bill Smead, the Chief Investment Officer for Smead Capital Management.
In today’s episode, Bill explains why he believes the market is undergoing a tide change. He starts with a look back on the 2000 tech bubble and uses Cisco as an example of why it’s important to separate a good business from a good stock. After talking about parts of the market he doesn’t like, we move on to the parts he finds attractive, including home-builders, energy, suburban mall REITs, and financials.
As we wind down, Bill touches on the antitrust case for big tech and what the investment implications may be.
Please enjoy this episode with Smead Capital Management’s Bill Smead.