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Bill Smead
Author Archive
2026
2025
2024
2023
2022
2021
2009
Jun 5, 2026
"Late-Stage Mania: 'The Worst Thing Ever'"
History would argue that investing in popular securities and heavily concentrated versions of the S&P 500 over history has been the worst thing ever for investors!
May 15, 2026
A "Casino" Stock Market
There is a big difference between betting on something and investing in meritorious companies with long holding periods.