Investing by the Books #48 Cole Smead on Money Masters

Investing By The Books

2023-08-21

22:15

Cole Smead is a portfolio manager at Smead Capital Management, an investment advisor applying a differentiated value approach to its capital allocation processes. Cole is an avid reader and hosts the podcast “A Book With Legs.” In this episode, we discuss the classic title “Money Masters” by John Train. We talk about whether there is such a thing as a money mind, if good investors tend to be born poor, and explore the insight that businesses are always dying.

Eddie Palmgren

Niklas Sävås

Episode Notes

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This episode was recorded on May 17, 2023.

Books Mentioned

  • Money Masters – John Train
  • Investing the Templeton Way – Lauren Templeton
  • The Go-Go Years – John Brooks
  • Richer, Wiser, Happier – William Green
  • Once in Golconda – John Brooks 
  • Building a StoryBrand – Donald Miller 
  • The Frackers – Gregory Zuckerman 
  • Easy Money – Ben McKenzie 
  • The War That Made the Roman Empire – Barry S. Strauss
  • Cloud Money – Brett Scott
  • For Whom the Bell Tolls – Ernest Hemingway

Companies Mentioned

  • Coca Cola 
  • Simplicity Patterns
  • Wells Green
  • Target
  • Berkshire Hathaway
  • Occidental Petroleum

More on Cole

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Investing by the Books was founded by Henrik Andersson, Bo Börtemark, Mats Larsson and Michael Persson. It has published hundreds of book reviews in the past 10 years and operates on a non-profit basis.

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Redeye is a research-centered boutique investment bank from Stockholm. Founded in 1999, Redeye cultivates investors through timeless knowledge, a humble attitude, and a strong focus on quality. Learn more about Redeye

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Notice that the content in this podcast is not, and shall not be construed as investment advice. This information is meant to be informative and for general purposes only. For full disclaimer, visit https://www.redeye.se/about-us/governance

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