Bill Smead

Author Archive

  • Aug 21, 2026
    Our goal is to "lead you back to the long and winding road" in common stocks, which our eight criteria define, and to avoid the glamour and excitement that have showered S&P 500...
  • 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.