Bill Smead

Author Archive

  • Aug 7, 2026
    We like to buy meritorious companies that meet our eight criteria for stock selection. Then we hold our winners to a fault, because most of your best gains come via long-term...
  • Jun 19, 2026
    In my 45 years in the investment business, we've observed numerous peaks of excitement. [...] It has now hit a recent peak of 7,580.
  • Jun 5, 2026
    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
    There is a big difference between betting on something and investing in meritorious companies with long holding periods.