Cole Smead

Portfolio manager Cole Smead discusses the classic title 'Money Masters' by John Train. Topics include the existence of a money mind, the correlation between being born poor and investing success, and the insight that businesses are always dying. They also touch on lessons from T. Rowe Price, identifying with investments, and applying marketing principles in investing.

Cole Smead, CEO and Portfolio Manager at Smead Capital Management, explores the art of long-term value investing with a focus on capital discipline. He discusses the challenges of successful investing in today’s volatile market and draws parallels to Warren Buffett. Smead believes in strategic investment choices, emphasizing agility in capital allocation. The conversation also touches on the implications of America's debt, market dynamics between stocks and bonds, and innovative investment strategies inspired by baseball tactics.

Exploring US-China economic ties, quant clampdown in China, and perspective on APAC markets. Tech export controls, challenges faced by American firms, and evolving dynamics of US-China relations. Impact of quants in Chinese market, recent market meltdown, and influence on market weaknesses. Insights on Asian investments, real estate, Warren Buffet's investment strategy, and perspectives on passive investing and value stocks.