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A Book with Legs

Father Robert Sirico - The Economics of the Parables

A Book with Legs

Smead Capital Management

Investing, Business, Management

4.21.1K Ratings

🗓️ 19 December 2022

⏱️ 54 minutes

🧾️ Download transcript

Summary

“If the vice of greed is the bane of capitalism, then the vice of socialism is envy.”

Catholic priest Robert Sirico sits down with Cole and Bill to discuss his book, The Economics of the Parables. Rev. Sirico’s work highlights the economic and biblical wisdom derived from the parables with a modern spin. The conversation covers helping the poor, building wealth, and the many life lessons this timeless collection can teach.

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.

0:18.5

Welcome to a book with legs podcast.

0:20.8

I'm Cole Smead. I'm the president and a portfolio

0:23.0

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

0:28.4

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

0:33.1

what is and isn't important for us as investors. Investing is the last great liberal art

0:37.7

and the best way to spend a lifetime of learning.

0:40.3

This podcast is for readers, thinkers, business-minded people

0:43.9

and investors who want to grow their knowledge

0:45.6

from great authors and their writing.

0:47.9

Charlie Munger often talks about using multiple mental models

0:50.8

and analysis.

0:52.1

Our aim for this podcast is to help listeners test mongers theory in

0:55.7

business, markets, and people. Hosting this episode with me today is our chief investment officer,

1:02.0

my father, Bill Smead, thanks for doing this with me. Yeah, I'm excited. I always recommend the Bible.

1:08.0

People ask me the list of investment books to read. That's my first one that's on my list of three, intelligent investor.

1:13.9

And short history of financial euphoria by John Kenneth Galbraith are the other two.

1:17.9

Yeah, he's also beaming off of hitting an excellent sand trap shot for par on our fun having playing golf yesterday.

1:24.6

So if he gets a little excited, you guys will know why. Thank you for joining

1:28.7

us for this episode of the podcast. We are going to discuss the pragmatism of the most published

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