In this episode, Smead Capital Management CEO Cole Smead and CIO Bill Smead reflect on the books they have recently read, what they are currently reading, and what they look forward to reading next. Additionally, they provide their expert perspectives on financial euphoria, energy and more!

In this episode, author and former lawyer John Oller joins Cole Smead to discuss his book, ?White Shoe: How a New Breed of Wall Street Lawyers Changed Big Business and the American Century.? Oller explores the evolution of elite law firms in America and their influence on business and politics, delving into key historical figures, pivotal legal cases, and the rise of the modern corporate lawyer.

In this episode, financial psychologist Brad Klontz joins Cole Smead to discuss his book, Start Thinking Rich: 21 Harsh Truths to Take You from Broke to Financial Freedom, which explores the psychological factors surrounding wealth-building. Klontz provides insights into how individuals and investors can shape their mindsets around money to achieve long-term financial goals.

In this episode, investment analyst Brett Gardner joins Cole and Bill Smead to discuss his newly released book, "Buffett?s Early Investments," which explores Warren Buffett?s key initial ventures that shaped his approach to wealth-building. Gardner provides readers with a closer look at how the legendary investor's financial instincts and disciplined strategies helped lay the groundwork for his later success.

In this episode, seasoned investor-turned-commerce secretary Wilbur Ross joins Cole and Bill Smead to discuss his new book, "Risks and Returns," where he delves into the complex world of distressed asset investing. Ross shares his experiences and strategies for identifying undervalued opportunities, managing risk and maximizing returns, blending financial wisdom with personal anecdotes from a career spent transforming troubled companies intro profitable ventures.

In this episode, wealth manager Megan Gorman joins Cole Smead to discuss her newly released work title ?All the Presidents? Money?. The book offers a fascinating dive into the personal finances of U.S. presidents, revealing how their wealth (or lack thereof) shaped their leadership and policies. Gorman offers a compelling mix of history and financial insight to reveal the impact of money on American politics. 

In this episode, Smead Capital Management CEO Cole Smead and CIO Bill Smead talk about the firm's quarterly book list. They also discuss the state of markets and the economy, investment lessons learned, and much more. Listen in to hear what books they have recently read, what they are currently reading, and the books they have on deck.

In this episode, author Dan Slater joins Cole Smead to discuss his recently published book, "The Incorruptibles", which explores how Jewish immigrant communities played a significant role in shaping early organized crime and law enforcement efforts in the 20th century. Slater delves into the tension between labor unions, emerging crime syndicates, and the federal agents determined to combat corruption, ultimately shaping modern policing strategies. 

In this episode, author Richard Blakemore joins Cole Smead to discuss his newly published book, "Enemies of All", which explores the world of 18th-century piracy through a blend of historical elements and masterful storytelling. He navigates the economics of privateering by exploring themes including power and wealth. The novel highlights strategic alliances and negotiations by pirate crews who sought to maximize profits while evading imperial powers. 

In this episode, businessman Steve Green joins Bill and Cole Smead to discuss his work, "This Beautiful Book," in which he delves into the transformative impact of the Bible on society and culture. The book explores how biblical wisdom has shaped major business decisions and leadership styles throughout history, emphasizing its influence on business ethics, leadership, and decision-making through compelling anecdotes, such as the establishment of Hobby Lobby and its adherence to biblical principles.

In this episode, author Eric Weiner joins Cole Smead to discuss his newly released work, ?Ben & Me,? which explores the life of Benjamin Franklin through research and reflection. Weiner provides a blend of historical anecdotes and practical advice, highlighting Franklin?s experiences and philosophies to offer readers timeless lessons for living meaningful and impactful lives. 

In this episode, the Arizona Chamber of Commerce & Industry CEO Danny Seiden joins Cole Smead and Seamus Sullivan to talk about the firm's quarterly book list while providing thought-provoking context with insightful historical anecdotes. They also discuss the state of markets and the economy, the business environment in the state of Arizona, and much more. Listen in to hear what books they have recently read, what they are currently reading, and the books they have on deck.

Have a book you would like to recommend for the podcast? Email your suggestions to [email protected].

In this episode, distinguished historian Martin Goodman joins Bill and Cole Smead to discuss his latest work, "Herod the Great," in which he documents the Jewish king's ability to generate wealth through various means amid the Roman revolution. Goodman highlights Herod's use of taxation, trade deals and construction projects to boost Judea's economy and secure his political power while strengthening his ties with Rome.

In this episode, writer David Bellos discusses his latest work, "Who Owns This Sentence", which provides a detailed history of copyright law by questioning who owns the meaning of a sentence when it crosses linguistic boundaries. Bellos shares anecdotes about the importance of precise language, while highlighting how accurate translation impacts business dealings globally.

In this episode, author and journalist Bryan Burrough joins Bill and Cole Smead to discuss his classic work, "Barbarians at the Gate." The book is a detailed narrative of the high stakes battle for RJR Nabisco. Burrough explores the complex negotiations behind one of the largest leveraged buyouts in corporate history, highlighting the strategies by the major players involved. 

In this episode, reporter Rob Copeland joins Cole Smead to discuss his book, "The Fund," which provides a detailed account of the rise of Ray Dalio and the founding of Bridgewater Associates, one of the largest hedge funds in the world. Copeland provides insights into Dalio's impact on the finance industry through his unique approach to economics and risk management. 

In this episode, activist Benji Backer joins Cole Smead to discuss his newly released book, "The Conservative Environmentalist," which makes the case for the economic benefits of the strategic merging of conservative values and environmental sustainability. Backer argues that environmentalism can align with American economic interests while offering a pragmatic approach to climate change. 

In this episode, historian Jennifer Burns joins Cole Smead to discuss her book "Milton Friedman: The Last Conservative," which provides an in-depth analysis of Friedman's economic theories and their lasting impact on conservative ideology. The book chronicles key moments in the life of one of the most influential economists of our time, and how his pragmatic way of thinking significantly shaped contemporary economic discourse. 

Interested in the Smead Capital Management book list? Listen in to hear Cole and Bill Smead list the books they have recently read, what they?re currently reading, and the books they have on deck. Have a book you would like to recommend for the podcast? Email your suggestions to [email protected].

In this episode, author and Professor Ekaterina Pravilova joins Cole Smead to discuss her book, ?The Ruble: A Political History.? Ekaterina?s book explores the evolution of the Russian currency over a 200-year time period through the interplay between politics, culture, and ultimately, power. Their conversation covers financial turmoil, currency reforms, and an extensive discussion of Ruble?s story.

In this episode, author and historian Harold James joins Cole Smead to discuss his book, ?Seven Crashes: The Economic Crises That Shaped Globalization.? Their discussion delves into major economic downturns throughout history, offering insights into their causes, impacts, and reforms to prevent future crises.

In this episode, author Chris Roush joins Cole Smead to discuss his book, "The Future of Business Journalism," which explores the evolving media landscape and its impact on business reporting. Roush navigates the challenges and opportunities facing business journalists in an era of technological disruption and shifting audience demands.

Live from the 2024 Smead Investor Oasis, venture capitalist George Gilder joins Bill and Cole Smead to discuss his latest work, "Life after Capitalism," in which he redefines capitalism as a knowledge-based system. Gilder presents a vision of the future in which technological advances disrupt traditional capitalist structures, emphasizing innovation and knowledge over wealth accumulation.

In this episode, Professor Andrew Pettegree joins Cole to discuss his newly released title, "The Book at War." The book is a captivating analysis of the power of print in society and conflicts throughout history. At the heart of this literary work is the paradox of words during wartime. The notion that books are weapons in the war of ideas is tested in this account on how the written word leaves a lasting impact on the fabric of societies.

In this episode, retired U.S. Army general David Petraeus joins Bill and Cole to discuss the recently released book that he co -authored titled, "Conflict." The book explores the evolution of warfare beginning in 1945 up to Russia's invasion of Ukraine, highlighting the importance of strategic leadership. Ultimately, that idea that what takes place in one part of the world does actually resonate or reverberate in others is critical.

Interested in the Smead Capital Management book list? Listen in to hear Cole and Bill Smead list the books they have recently read, what they?re currently reading, and the books they have on deck.

Also highlighted in this episode is a tribute to the late great Charlie Munger, as we release this episode on what would have been his 100th birthday. Listen to Bill and Cole's top quotes and ideas from Munger and hear about how his history has influenced them as value-investing gurus.

Have a book you would like to recommend for the podcast? Email your suggestions to [email protected].

"What about our system of liberal meritocratic capitalism is good and useful? What about it is worth preserving, expanding and fixing, so that we can be prepared for the challenges that are coming?"

Professor Vikash Yadav joins Cole to discuss his book, "Liberalism's Last Man". The book explores the elements of one of the great economic thinkers and philosophers of the 20th century ? Friedrich Hayek ? that are still relevant and viable today. The conversation focuses on the evolution of liberalism and its influence on human flourishing.

?If you read it, you will realize that many of the arguments being made against American capitalism are invalid. You will realize that this country of ours is even greater than you think.?

Senator Phil Gramm joins Cole to discuss his book, The Myth of American Inequality. Gramm?s book explores the data which prove income inequality in the United States is far lower than what most Americans are led to believe. The conversation covers the statistics that support Gramm?s position and how the American Dream remains strong.

?Once you know where to look, you start to see it all around you in present day life. Whether it?s the Federal Reserve Bank, whether it?s the company Goldman Sachs? It?s remarkable how the degree to which we are living in this world they helped build.?

In this episode, Cole is joined by author Daniel Schulman to discuss his book, The Money Kings. Daniel?s book is the story of the German Jewish immigrants who revolutionized Wall Street and shaped today?s economic system. The conversation covers names like Goldman and Sachs, Lehman and Seligman, Kuhn and Loeb, and Warburg and Schiff.

?You have to have a drive and a willingness to get bloody by standing up for something greater than yourself.?

Former NASA Deputy Administrator Lori Garver joins Cole to discuss her book, Escaping Gravity: My Quest to Transform NASA and Launch a New Space Age. Lori?s book is a firsthand account of her career at NASA, highlighted by her role in the private sector?s involvement in the nation?s space program. The conversation covers the hurdles she faced, how incentive structures can lead to good and bad, and how free market capitalism can deliver human potential.

Randall Sullivan joins Cole and Bill for a conversation about his book, Graveyard of the Pacific: Shipwreck and Survival on America's Deadliest Waterway. The book describes the haunting history of the Columbia River Bar, one of the deadliest bar crossings on the globe, where the Columbia River meets the Pacific Ocean. The discussion covers the dangers associated with the area, the shipwrecks and lives lost, and Randall's first-hand journey crossing the bar.

BONUS EPISODE: David Zaslav, CEO and President of Warner Bros. Discovery joins Cole and Bill to continue the conversation about The Warner Brothers by Chris Yogerst. Zaslav gives insight into how the brothers positioned the company for success, the power of film in today?s society, and how the media giant is building towards the future. Zaslav also shares a story involving Robert Evans, Frank Sinatra, and Mia Farrow!

Chris Yogerst joins Cole and Bill for a conversation about his book, The Warner Brothers. Yogerst?s book chronicles the lives of four brothers ? Harry, Albert, Sam, and Jack and how they built one of Hollywood?s most distinguishable studios, which now stands as one of the largest media conglomerates in the world. The discussion covers how the family?s values shaped the movies they created, the successful investments they made in technology, and the legacy the brothers left behind.

Have a book you would like to recommend for the podcast? Email suggestions to the stock picking gurus at Smead Capital Management at [email protected].

Interested in the Smead Capital Management book list? Listen in to hear Cole and Bill Smead list the books they have recently read, what they?re currently reading, and the books they have on deck. Also in this episode, value investing gurus, Bill and Cole, discuss the role higher interest rates are playing in today?s equity markets, how rising rates affect stocks, the increased risks in investments, and the impact on the real economy.

Have a book you would like to recommend for the podcast? Email suggestions to [email protected].

?FDR was brilliant in recognizing there is a connection between a fair economy with well-regulated markets and a strong democracy with broad public support. He saw those as inextricable, and that?s why his financial reforms were the heart and soul of the New Deal.?

Award winning author Diana B. Henriques joins Cole to discuss her book, Taming the Street: The Old Guard, the New Deal, and FDR's Fight to Regulate American Capitalism. Diana?s book recounts the steps President Franklin D. Roosevelt took to regulate Wall Street during the 1929 stock market crash and through the Great Depression. The conversation covers the cast of characters involved in regulating #markets, some of the initial backlash, and how the New Deal still plays a key role on today?s Wall Street.

New York Times Best Selling author Peter Stark makes his second appearance on the podcast, this time to discuss his book Gallop Toward the Sun. Peter?s book highlights the widely unfamiliar conflict between Tecumseh and William Henry Harrison. The conversation covers how the two men became exceptional leaders, why a struggle between local politics and a young federal government shaped westward expansion, and Tecumseh?s eagerness to defend indigenous land and his people?s way of life.

The discussion surrounding Michael Thomsen?s book, Cage Kings, continues as former mixed martial artist Matt ?The Law? Lindland joins Cole to talk about his path to the Olympics, the Supreme Court, and the UFC.

Michael Thomsen joins Cole in this episode to discuss his book, Cage Kings: How an Unlikely Group of Moguls, Champions & Hustlers Transformed the UFC into a $10 Billion Industry. Michael?s book highlights the cast of characters who built the UFC from the ground up. The conversation covers why these executives believed in mixed martial arts despite going through a variety of hurdles, how television broadcasting and streaming deals put the UFC on the map, and the fighters who made the sport mainstream.

?The name Fugger in Germany is like the name Rockefeller in the US.?

Greg Steinmetz joins Cole and Bill for his second appearance on the show, this time to discuss his book, The Richest Man Who Ever Lived. The book explores the life of German banker Jacob Fugger. The discussion focuses on how Fugger built his empire of wealth, the partnerships he created along the way, and the lasting legacy he left behind.

?Does it matter if you pay with cash, card, iPhone, or Bitcoin??

Cole and author Brett Scott delve into that question when discussing Scott?s book, Cloudmoney: Cash, Cards, Crypto, and the War for Our Wallets. Scott?s work explores the idea of how a digital monetary system has resulted in anti-cash messaging. The conversation covers the players in the current financial system and how cash is no longer king.

In this episode, Barry Strauss joins Cole to discuss his book, The War That Made the Roman Empire: Antony, Cleopatra, and Octavian at Actium. Barry?s book recounts the fierce conflict at the Battle of Actium in 31 BC. The conversation covers the events leading up to the civil war, how the historic naval battle at Actium was fought, and what may have happened to the Roman Empire had Antony and Cleopatra been victorious.

Interested in what is on the Smead Capital Management book list? Listen in to hear Cole and Bill list the books they have recently read, what they?re currently reading, and the books they have on deck. Have a book you would like to recommend for the podcast? Email suggestions to [email protected].

Author Dror Goldberg joins Cole and Bill to discuss his book, Easy Money: American Puritans and the Invention of Modern Currency. Dror?s book explores the history of modern money and its origins in colonial America. The conversation includes the idea of ?siege money?, the role Massachusetts played in creating modern currency, and why the dollar system is so powerful.

Former journalist Henry Sanderson joins Cole to discuss his book, Volt Rush: The Winners and Losers in the Race to Go Green. Henry?s work examines the realities of building a green energy economy, the supply chain requirements, and the geopolitical implications of transitioning into a greener world. The conversation covers clean energy?s role in today?s economy and how its position in society will evolve, as well as the race amongst countries to attract battery investment.

Former Cazenove Chief Executive Robert Pickering joins Cole and Bill to discuss his book, Blue Blood: Cazenove in the Age of Global Banking. Pickering?s book dives into the distinctive history of the former prestigious investment bank. The conversation touches on Pickering?s first-hand experiences managing the company and how it ultimately became part of J.P. Morgan.

Mark Mills makes his second appearance on the podcast, this time to discuss his book, The Cloud Revolution: How the Convergence of New Technologies Will Unleash the Next Economic Boom and A Roaring 2020s. Mark?s work dissects how advancing technology will provide an economic upswing in the near future. The conversation covers the progress of recent technology and how the everchanging tech landscape will aid humanity moving forward.

Part 2

The second part of Cole and Bill?s conversation with Author Margaret O?Mara on her book, The Code: Silicon Valley and the Remaking of America, covers early software, manufacturers of AI and computers, and communications between technologies and people, as well as different technologies themselves. They take a deep dive into what really made Silicon Valley as we know it today.