A Book with Legs

Smead Capital Management
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13 snips
Sep 29, 2025 • 40min

The Smead Book List - Fall 2025

This discussion dives into the emotional parallels between historical market manias and today’s economy. The hosts share insights on recent reads about geopolitical shifts and cultural dynamics. They explore the multifaceted impacts of inflation on labor and governments, urging a fresh look at market risks stemming from passive indexing. Historical narratives about retail trading evolution and investor psychology offer lessons on decision-making during downturns. Listeners are treated to valuable book recommendations for further exploration.
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10 snips
Sep 15, 2025 • 1h 38min

Toby Stuart - Anointed

Toby Stuart, an author and professor at UC Berkeley's Haas School of Business, dives into his book "Anointed" with Cole Smead. They discuss how social status impacts our perceptions, using art and technology as examples. The conversation touches on the emotional journeys in careers shaped by initial opportunities, the influence of status on consumer behavior, and the role of stereotypes in professional environments. Additionally, they explore the transformative effects of AI on society, drawing intriguing parallels to past technological revolutions.
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Sep 1, 2025 • 1h 21min

Alok Sama - The Money Trap

In this episode, Cole Smead sits down with author and former President and CFO of SoftBank Group International, Alok Sama, to discuss his book, “The Money Trap: Lost Illusions Inside the Tech Bubble.” Sama discusses his personal background and investing roots. He also details his experiences alongside SoftBank’s revolutionary founder, Masayoshi Son, and the “dark side” of the industry, discussing topics such as corporate espionage.
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Aug 18, 2025 • 1h 11min

James Romm - Plato and the Tyrant

In this episode, Cole Smead sits down with professor and author James Romm to discuss his book, “Plato and the Tyrant: The Fall of Greece's Greatest Dynasty and the Making of a Philosophic Masterpiece.” They cover a series of letters that Romm believes to unmistakably be Plato’s writing. The two discuss Plato’s encounters with a tyrannical father and son, both named Dionysius, and the legendary philosopher’s impact on the opulent city of Syracuse.
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Aug 4, 2025 • 1h 17min

Graham Taylor - Imperial Standard

In this episode, author and professor Graham Taylor sits down with Cole Smead to discuss his book, “Imperial Standard: Imperial Oil, Exxon, and the Canadian Oil Industry from 1880.” Their conversation takes an in-depth look at the history of Canada’s Imperial Oil and its complex relationship with Exxon Mobil. Additionally, Cole and Graham discuss their expectations for the future of Imperial Oil, including if they foresee a time when the company is no longer controlled or majority owned by Exxon, and more!
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Jul 21, 2025 • 1h 35min

Duncan Mavin - Meltdown: Greed, Scandal, and the Collapse of Credit Suisse

In this episode, Cole Smead sits down with Bloomberg Editor Duncan Mavin to discuss his book, “Meltdown: Greed, Scandal, and the Collapse of Credit Suisse.” The two explore the founding of Credit Suisse and its morally questionable history, which found the bank involved in a long list of scandals, including the laundering of Nazi funds and stolen assets, banking relationships with drug dealers and dictators, and the incineration of holocaust related documents. They also cover the bank’s collapse in March of last year, one of the largest shocks to the banking industry since the 2008 crisis.
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Jul 7, 2025 • 1h 23min

Stephen Clapham - The Smart Money Method

In this episode, Cole Smead sits down with Stephen Clapham, founder of the London-based investment research and training consultancy Behind the Balance Sheet, to discuss his book “The Smart Money Method: How to Pick Stocks Like a Hedge Fund Pro.” Their conversation explores Clapham’s investment philosophy and methodology, his perspective on legendary investors such as Warren Buffett, and more.
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Jun 30, 2025 • 52min

The Smead Book List - Summer 2025

In this special quarterly ‘book list’ episode of A Book with Legs, Smead Capital Management’s analyst team, including Seamus Sullivan, Nick Garcia, and Will Keenan, joins Cole Smead to discuss memorable takeaways from books they have recently read, share what they are reading now, and preview what’s next. They also offer fresh insights for investors on opportunity in homebuilders, oil prices with Israel and Iran’s 12-day war, and more.
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Jun 16, 2025 • 1h 9min

Jill Eicher - Mellon vs. Churchill: The Untold Story of Treasury Titans at War

In this episode, Cole Smead sits down with independent scholar and writer Jill Eicher to discuss her book, “Mellon vs. Churchill: The Untold Story of Treasury Titans at War.” Their conversation explores the never-before-told story of heated debates between Andrew Mellon and Winston Churchill over post-WWI debts. Eicher and Smead discuss how each side of the dispute crafted narratives to shape public opinion, their differences in leadership philosophy, and more.
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Jun 9, 2025 • 38min

Enda Kenny - Exclusive Interview

In this special bonus episode, Cole Smead and Conor O’Callaghan sit down with former Taoiseach of Ireland Enda Kenny to dive deeper into Ireland’s rich history and the Great Famine. They also explore the spread of the Irish people and their modern identity. Kenny reflects on his experience as a politician, including run-ins with U.S. Presidents and what it means to be a leader.

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