SPYS&P 500NeutralS&P 500

3w ago on

Most investors think owning the S&P 500 means owning a diversified portfolio. We believe that is no longer true. @SmeadCap Founder, Chairman and CIO Bill Smead sat down with Pierre Daillie on Insight Is Capital to talk about why one of North America's most contrarian investors just showed up in Canada, and why he thinks many investors are taking far more risk than they realize. Bill believes index investing has quietly become a concentrated bet, with investors more crowded into a handful of names than at any time since RCA in 1929. Even Jack Bogle worried late in life that he might have created a monster. Watch the full conversation: https://t.co/ZWGh8dz5Vi

SPYS&P 500NeutralS&P 500

9/28/2026 on

“What the 1860s were to the railroad is a lot like what the internet revolution was to technology today.” @SmeadCap CEO and Portfolio Manager @Cole_Smead and Chairman and CIO Bill Smead join this quarter’s Smead Book List episode on A Book with Legs to talk through recently finished titles, what they are reading now, and what they are about to start. They also get into the firm’s market thesis: Nike against the eight criteria, the 10-year Treasury near 5 percent, and whether they would rather own the 10-year Treasury or the S&P 500 for the next ten years. Listen to the full episode here: https://t.co/FIKwdkAqpw Sign up to be notified about new episodes: https://t.co/oTZy2KwLdo

SPYS&P 500NeutralS&P 500

9/17/2026 on

"Today's stock market is no country for old or young men."   In his latest missive, Chairman and CIO of @SmeadCap Bill Smead writes about a market where older investors are overloaded on a handful of mega-cap tech stocks dominating a once-diversified S&P 500, while younger investors pile into leverage and options, on top of what they're already losing in sports betting and prediction markets.   Read the full missive here: https://t.co/sVsvFo5Xha   Sign up to have advice sent straight to your inbox: https://t.co/3qdZcVhAYf

SPYS&P 500BearishS&P 500

8/20/2026 on

"Being alone with 95% active share in a mania like the one we are in is exactly where we want to be." In his latest missive, @SmeadCap Chairman and CIO Bill Smead writes about why today's market has become dangerously complacent, with the S&P 500 now concentrated in just 15 of its 500 stocks, more vulnerable to mean reversion than at any point in his 46-year career. He argues true diversification means standing apart from the crowd, even when it means being early. Read the full missive here: https://t.co/2Wn2y5ESiA Sign up to have advice sent straight to your inbox: https://t.co/DW2AFtWnkr

SPYS&P 500NeutralS&P 500

8/14/2026 on

“Most investors don't realize it, but they've lost a lot of their diversification as the S&P 500 index has been so spectacularly successful and become concentrated in a relatively small number of stocks.” @SmeadCap Chairman and CIO Bill Smead joined Josh Schafer and Andrew Bary on Barron’s Live to discuss the case for oil and gas, why real estate positioning matters more than ever, and staying disciplined within a proven circle of competence. Watch/listen to the full episode here: https://t.co/jmjdzIR5a3