Tim Wu - The Age of Extraction
A Book with Legs
Smead Capital Management
4.3 • 1.2K Ratings
🗓️ 2 February 2026
⏱️ 63 minutes
🧾️ Download transcript
Summary
Smead Capital Management Chairman and CIO Bill Smead and CEO and Portfolio Manager Cole Smead sat down with author and Columbia Law School professor Tim Wu for a special live taping of the A Book with Legs podcast at today’s Smead Investor Oasis. The three discuss Tim’s new book, titled “The Age of Extraction.”
The book unpacks one of the defining challenges of our time—the growing power of tech platforms. In this live episode, they explore the benefits and risks of that power, and what it will take to reclaim control and restore balance to the economy. Keep an eye out for a recording of the live episode, which will be posted today.
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. |
| 0:22.7 | Welcome to a book with legs podcast. |
| 0:24.8 | I'm Cole Smead, CEO, and portfolio manager here at Smead Capital Management. |
| 0:29.2 | At our firm, we are readers, and we believe in the power of books to help shape |
| 0:33.3 | informed investors. |
| 0:34.8 | In this podcast, we speak to great authors about their writings. |
| 0:38.2 | The late great Charlie Munger prescribed using multiple mental models and analysis. |
| 0:42.5 | We analyze their work through the lens of business, markets, and people. |
| 0:48.3 | Very specially, co-hosting this episode with me as our founder, chairman, and chief investment |
| 0:52.4 | officer, or as I like to call him, Dad, |
| 0:55.2 | Bill Smead. Thanks for joining me today. Great to be here. So this is an exciting day. You know, |
| 1:01.8 | we are sitting here on a stage, which is very not normal. We don't have any mics, you know, |
| 1:06.0 | pivoting in our face. You know, we're here, you know, we haven't mentioned the other people that are with us sitting |
| 1:11.5 | here in front of us three gentlemen. I'm very proud to be sitting here with the investors of Smead |
| 1:16.6 | capital management and proud to have them join us live from this 2026 Smead Investor Oasis. Thank you for |
| 1:22.5 | all being here and a great round of applause, please. |
| 1:31.0 | One of the great round of applause, please. One other thing, let's see, I'm trying to make sure I get through all my notes here. |
| 1:33.7 | Yep, we're good. |
| 1:34.3 | All right. |
| 1:34.6 | So in this episode, we'll discuss the role of technology, competition, monopolies, and regulation |
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