The Smead Book List - Spring Book List
A Book with Legs
Smead Capital Management
4.3 • 1.2K Ratings
🗓️ 30 March 2026
⏱️ 66 minutes
🧾️ Download transcript
Summary
What is the Smead Capital Management team reading, and what’s up next?
In this new quarterly ‘book list’ episode, value investors Bill and Cole Smead discuss memorable takeaways from books they have recently read, covering topics from financial crashes and speculative manias to genetics, technology and human behavior. They also discuss what they’re currently reading and preview what’s next on their list, while offering perspectives on today’s current market questions, including energy, housing, and where opportunities may lie next.
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Transcript
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| 0:00.0 | You're listening to A Book with Legs, a podcast presented by Smead Capital Management. |
| 0:07.9 | At Smead Capital Management, we advise investors who play the long game. |
| 0:12.3 | You can learn more at Smeadcap.com or by calling your financial advisor. |
| 0:38.4 | Welcome to a book with legs podcast. I'm Cole Smead, CEO and portfolio manager here at Smead Capital Management. At our firm, we are readers, and we believe in the power of books to help shape informed investors. In this podcast, we speak to great authors about their writings. The late great Charlie Munger prescribed using multiple mental models and analysis. We analyze their work through the lens of business, |
| 0:43.7 | markets, and people. Today's date is March 30th, 2026. This is our quarterly booklist where we talk |
| 0:51.4 | about books, books, and yes, more books. |
| 0:55.6 | Hosting this with me is our chief investment officer and founder, Bill Smead. |
| 1:00.1 | I call him Dad. |
| 1:01.0 | Dad, thanks for joining me today. |
| 1:02.1 | Great to be with you. |
| 1:03.8 | So as we usually do, we'll talk about books we've recently read, books we're in, |
| 1:08.3 | and then also books we've had recommended. |
| 1:09.7 | So to kick it off the |
| 1:10.9 | books we've recently read what do you have on your list bill well digging constantly the last |
| 1:16.9 | year into all the manias of of recent modern history in the United States led me to read Andrew |
| 1:24.5 | Ross Sorkin's book inside the Greatest Crash in Wall Street history, |
| 1:28.9 | which was really good in that it re-sumorized a book I'd read recently once in Galconda, |
| 1:39.8 | which was basically the main resource for Andrew Ross Sorkin. |
| 1:43.7 | And he added a lot of very interesting personal tidbits about major players in the 1920s and |
| 1:52.7 | 1930s that weren't in the Golkonda book. |
| 1:57.3 | And again, so important in our business to appreciate and understand history and the way that |
| 2:04.9 | history doesn't repeat itself, but it rhymes. |
... |
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