
A Book with Legs
Welcome to A Book with Legs podcast, hosted by Smead Capital Management. In each episode, the folks at Smead Capital Management explore value investing through an entirely unique lens, bringing in authors to discuss books that have directly or indirectly influenced the decisions the Smead team has made on their investments in stocks and equities. The podcast is for the curious-minded looking for worldly wisdom. Investing is the last great liberal art, and the team at Smead wants to learn as much as they can. Any level of investor, business person, or thinker, whether personally or professionally, will be intrigued and engaged by these discussions.
Latest episodes

Oct 21, 2024 • 1h 15min
Michael Craig - The Professor, The Banker, and the Suicide King
In this episode, author Michael Craig joins Cole Smead and Bill Smead to discuss his book, "The Professor, The Banker, and the Suicide King," which dives into the world of high-stakes poker. The story follows the legendary Texas Hold’em showdown between billionaire banker Andy Beal and a team of top professional players, and explores the psychological tactics and strategic decisions behind each move.

Oct 7, 2024 • 1h 18min
Megan Gorman - All The Presidents' Money
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.

Sep 30, 2024 • 46min
The Smead Book List - Fall 2024
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.

Sep 16, 2024 • 1h 18min
Dan Slater - The Incorruptibles
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.

Sep 2, 2024 • 1h 19min
Anne Murphy - Virtuous Bankers
In this episode, Professor Anne Murphy joins Cole Smead to discuss her latest work, "Virtuous Bankers,” which explores the foundations of banking in 18th century England. Murphy tells the story of how early bankers leveraged moral integrity and trust, which were essential to the development and stability of the financial system at the time. The book argues that the success of the Bank of England and the banking industry at large relied heavily on a strong reputation for virtue.

Aug 19, 2024 • 1h 21min
Richard Blakemore - Enemies of All
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.

Aug 5, 2024 • 1h 11min
Steve Green - This Beautiful Book
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.

Jul 22, 2024 • 1h 19min
Eric Weiner - Ben & Me
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.

Jul 8, 2024 • 1h 14min
Nicky Hayes - A Little History of Psychology
In this episode, psychologist Nicky Hayes discusses her newly released title, "A Little History of Psychology," which offers an engaging overview of key figures and concepts when it comes to the study of the mind. Hayes explores how psychological research has been applied both positively and negatively throughout history while focusing on the evolution of psychological thought and practice.

Jul 1, 2024 • 1h 12min
The Smead Book List - Summer 2024
Arizona Chamber of Commerce & Industry CEO Danny Seiden talks about the firm's book list, markets, and the Arizona business environment. They discuss book recommendations, investing, industrial policy, Arizona's water supply, and analyzing American companies' valuations and market risks.