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A Book with Legs

Amity Shlaes - Great Society - Live from Smead Investor Oasis

A Book with Legs

Smead Capital Management

Investing, Business, Management

4.21.1K Ratings

🗓️ 7 February 2023

⏱️ 60 minutes

🧾️ Download transcript

Summary

Author Amity Shlaes joined Bill and Cole for a live podcast recording at the 2023 Smead Investor Oasis to discuss her new book, Great Society. During their conversation, they discuss comparisons between the failure of the Great Society’s idealism of the 1960s and today's challenges. The conversation covers topics such as socialism, capitalism and today’s relevance to the thoughtless idealism of political leaders in history.

Transcript

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0:00.0

You're listening to A Book with Legs, a podcast presented by Smead Capital Management.

0:08.0

At Smead Capital Management, we advise investors who fear stock market failure.

0:12.9

You can learn more at Smeadcap.com or by calling your financial advisor.

0:19.6

Welcome to a book with legs podcast. I'm Cole Smead. I'm the CEO and a portfolio manager

0:24.7

here at Smead Capital Management. At our firm, we are readers and book junkies. It can be said that

0:29.6

leaders are readers, and we believe books provide us a great source of information for filtering

0:34.2

what is and isn't important for us as investors.

0:41.0

Investing is the last great liberal art and the best way to spend a lifetime of learning.

0:45.7

This podcast is for readers, thinkers, business-minded people, and investors who want to grow their knowledge from great authors and their writing.

0:49.7

Charlie Munger often talks about using multiple mental models and analysis.

0:53.8

Our aim for this podcast is to help listeners test mongers theory in business, markets, and people.

1:00.0

Hosting this episode along with me as our chairman and our chief investment officer at our

1:04.0

firm, I usually call him dad, Bill Smead.

1:08.0

Thanks for joining.

1:09.0

Thanks for having me.

1:10.0

We also have hosting this alongside of us, standing here out in front of us,

1:14.6

well, we can't see them, but they can see us, is the attendees of the Smead Investor Oasis,

1:19.8

which we give a round of applause.

1:25.9

So I'm pretty excited for this, as I know Bill is.

1:28.3

We're going to think and discuss about a period of time where government spending was big,

1:32.3

societal disorder was common, and inflation was an assumption.

1:36.3

Amity Schlaise is joining us to talk about her newest book, Great Society.

...

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