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

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

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

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

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

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

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

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

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

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

Our aim for this podcast is to help listeners test Munger's talks about using multiple mental models and analysis.

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

markets, and people.

Hosting this episode with me is our firm's chief of medicine officer, my dad, Bill Smead.

Dad, thanks for joining me.

Thanks for having me and look forward to a great conversation. Yeah, and this is actually a book that Bill came across and suggested, and so we're excited to do this today. Thank you

for joining us for this episode. We're going to talk about one of the greatest corners in the history

of Wall Street. It harks back to the days of Jay Gould like we just had with Greg Steinmetz

in his book and even to the Volkswagen Infinity Squeeze back in 2008. Joining us is Spencer Jacob

to discuss his book, The Revolution That Wasn't, GameStop, Reddit, and the fleecing of small

investors. Spencer is the editor of the

Hurt on the street column at the Wall Street Journal. He joined the Wall Street Journal in 2012.

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