A Guide to Investing in the Stock Market: Cole Smead, CEO at Smead Capital Management

Episode Summary

In this episode of Undercurrent Stories, host Bob Wells welcomes Cole Smead, CEO and portfolio manager of Smead Capital Management and host of A Book with Legs podcast. Cole shares powerful insights on how reading influences investment decisions, the importance of pattern recognition in the stock market, and how history, economics, and psychology shape financial success.

Discover how top investors like Warren Buffett and Charlie Munger use books as a secret weapon for smart investing. Cole also discusses market trends, portfolio management, and the role of gold, real estate, and crypto in modern investing.

What You’ll Learn in This Episode:

✅ How reading books can improve your investment strategy 📚
✅ The importance of pattern recognition in stock market success
✅ Warren Buffett & Charlie Munger’s reading habits for investing
✅ Insights on US vs. UK stock markets and economic trends
✅ The role of gold, real estate, and cryptocurrencies in today’s economy
✅ How to build long-term wealth through smart investing
✅ The benefits of active vs. passive investing strategies

Notable Quotes from Cole Smead

📖 "All learning is pattern recognition. Investing is about discovering patterns before the market does."
📊 "The stock market wasn’t created to make everyone rich – it rewards those who think long-term."
💡 "Where your money is, is where your heart is. That’s why we invest alongside our clients."

Resources & Mentions

📚 Podcast: A Book with Legs – Listen Here
🌎 Investment Firm: Smead Capital Management
📖 Recommended Books: Investing: The Last Liberal Art by Robert Hagstrom / You Can Be a Stock Market Genius by Joel Greenblatt

Connect with Cole Smead

🔗 Website: Smead Capital Management
🐦 Twitter/X: @cole_smead
📌 LinkedIn: Cole Smead

📢 Listen & Subscribe!

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