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 CEO 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 in their writing.

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

Our aim for this podcast is to help listeners, test monger's theory in business,

markets, and people.

Today's date is April 3rd, 2023.

This is our book list episode where we'll be looking at, you know, what we're reading,

what we've been seeing, what we've been hearing in books.

And people often ask us, you know, what are you reading?

Can you send out a book list?

And as low turnover investors, we're pretty lazy people.

So rather than put out a list and do that work, we'd rather just talk about what we're hearing in ideas and books.

I'm joining me for this episode is our chief investment officer, my dad,

Bill Smead. Thanks for joining.

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