- Bill Smead sees a value rebound coming as investors pile into AI stocks.
- He rode a value rebound to 42% returns in 2021.
- Smead said he’s bullish on OXY, COP, OVV, APA, DVN, SPG, and MAC.
A common phrase you’ll hear from folks at Smead Capital Management is “fear stock market failure.”
That doesn’t necessarily mean be scared of large crashes, and it doesn’t mean they’re so-called perma-bears. But it more encourages investors to be wary of long periods of lackluster returns. With the S&P 500 up 94% since March 2020 and up 17% year-to-date, the firm’s founder Bill Smead says the prospect of “failure” in the years ahead is likely.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased