A Book with Legs - podcast cover

A Book with Legs

Smead Capital Managementsmeadcap.com
Welcome to A Book with Legs podcast, hosted by Smead Capital Management. In each episode, the folks at Smead Capital Management explore value investing through an entirely unique lens, bringing in authors to discuss books that have directly or indirectly influenced the decisions the Smead team has made on their investments in stocks and equities. The podcast is for the curious-minded looking for worldly wisdom. Investing is the last great liberal art, and the team at Smead wants to learn as much as they can. Any level of investor, business person, or thinker, whether personally or professionally, will be intrigued and engaged by these discussions.
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Episodes

Martin Goodman - Herod the Great: Jewish King in a Roman World

In this episode, distinguished historian Martin Goodman joins Bill and Cole Smead to discuss his latest work, "Herod the Great," in which he documents the Jewish king's ability to generate wealth through various means amid the Roman revolution. Goodman highlights Herod's use of taxation, trade deals and construction projects to boost Judea's economy and secure his political power while strengthening his ties with Rome.

Jun 17, 20241 hr 13 minSeason 3Ep. 314

David Bellos - Who Owns This Sentence

In this episode, writer David Bellos discusses his latest work, "Who Owns This Sentence", which provides a detailed history of copyright law by questioning who owns the meaning of a sentence when it crosses linguistic boundaries. Bellos shares anecdotes about the importance of precise language, while highlighting how accurate translation impacts business dealings globally.

Jun 03, 20241 hr 22 minSeason 3Ep. 313

Bryan Burrough - Barbarians at the Gate

In this episode, author and journalist Bryan Burrough joins Bill and Cole Smead to discuss his classic work, "Barbarians at the Gate." The book is a detailed narrative of the high stakes battle for RJR Nabisco. Burrough explores the complex negotiations behind one of the largest leveraged buyouts in corporate history, highlighting the strategies by the major players involved.

May 20, 20241 hr 24 minSeason 3Ep. 312

Rob Copeland - The Fund

In this episode, reporter Rob Copeland joins Cole Smead to discuss his book, "The Fund," which provides a detailed account of the rise of Ray Dalio and the founding of Bridgewater Associates, one of the largest hedge funds in the world. Copeland provides insights into Dalio's impact on the finance industry through his unique approach to economics and risk management.

May 06, 202458 minSeason 3Ep. 311

Benji Backer - The Conservative Environmentalist

In this episode, activist Benji Backer joins Cole Smead to discuss his newly released book, "The Conservative Environmentalist," which makes the case for the economic benefits of the strategic merging of conservative values and environmental sustainability. Backer argues that environmentalism can align with American economic interests while offering a pragmatic approach to climate change.

Apr 22, 20241 hr 27 minSeason 3Ep. 310

Jennifer Burns - Milton Friedman: The Last Conservative

In this episode, historian Jennifer Burns joins Cole Smead to discuss her book "Milton Friedman: The Last Conservative," which provides an in-depth analysis of Friedman's economic theories and their lasting impact on conservative ideology. The book chronicles key moments in the life of one of the most influential economists of our time, and how his pragmatic way of thinking significantly shaped contemporary economic discourse.

Apr 08, 20241 hr 21 minSeason 3Ep. 309

The Smead Book List - Spring 2024

Interested in the Smead Capital Management book list? Listen in to hear Cole and Bill Smead list the books they have recently read, what they’re currently reading, and the books they have on deck. Have a book you would like to recommend for the podcast? Email your suggestions to [email protected] .

Apr 01, 202432 minSeason 3Ep. 308

Ekaterina Pravilova - The Ruble

In this episode, author and Professor Ekaterina Pravilova joins Cole Smead to discuss her book, “The Ruble: A Political History.” Ekaterina’s book explores the evolution of the Russian currency over a 200-year time period through the interplay between politics, culture, and ultimately, power. Their conversation covers financial turmoil, currency reforms, and an extensive discussion of Ruble’s story.

Mar 18, 20241 hr 18 minSeason 3Ep. 307

Harold James - Seven Crashes

In this episode, author and historian Harold James joins Cole Smead to discuss his book, “Seven Crashes: The Economic Crises That Shaped Globalization.” Their discussion delves into major economic downturns throughout history, offering insights into their causes, impacts, and reforms to prevent future crises.

Mar 04, 20241 hr 6 minSeason 3Ep. 306

Chris Roush - The Future of Business Journalism

In this episode, author Chris Roush joins Cole Smead to discuss his book, "The Future of Business Journalism," which explores the evolving media landscape and its impact on business reporting. Roush navigates the challenges and opportunities facing business journalists in an era of technological disruption and shifting audience demands.

Feb 19, 20241 hr 5 minSeason 3Ep. 305

George Gilder - Life After Capitalism

Live from the 2024 Smead Investor Oasis, venture capitalist George Gilder joins Bill and Cole Smead to discuss his latest work, "Life after Capitalism," in which he redefines capitalism as a knowledge-based system. Gilder presents a vision of the future in which technological advances disrupt traditional capitalist structures, emphasizing innovation and knowledge over wealth accumulation.

Feb 05, 202458 minSeason 3Ep. 304

Andrew Pettegree - Book At War

In this episode, Professor Andrew Pettegree joins Cole to discuss his newly released title, "The Book at War." The book is a captivating analysis of the power of print in society and conflicts throughout history. At the heart of this literary work is the paradox of words during wartime. The notion that books are weapons in the war of ideas is tested in this account on how the written word leaves a lasting impact on the fabric of societies.

Jan 22, 20241 hr 12 minSeason 3Ep. 303

General David Petraeus - Conflict

In this episode, retired U.S. Army general David Petraeus joins Bill and Cole to discuss the recently released book that he co -authored titled, "Conflict." The book explores the evolution of warfare beginning in 1945 up to Russia's invasion of Ukraine, highlighting the importance of strategic leadership. Ultimately, that idea that what takes place in one part of the world does actually resonate or reverberate in others is critical.

Jan 08, 20241 hr 2 minSeason 3Ep. 302

The Smead Book List - Winter 2023

Interested in the Smead Capital Management book list? Listen in to hear Cole and Bill Smead list the books they have recently read, what they’re currently reading, and the books they have on deck. Also highlighted in this episode is a tribute to the late great Charlie Munger, as we release this episode on what would have been his 100th birthday. Listen to Bill and Cole's top quotes and ideas from Munger and hear about how his history has influenced them as value-investing gurus. Have a book you ...

Jan 01, 202429 minSeason 3Ep. 301

Vikash Yadav - Liberalism's Last Man

"What about our system of liberal meritocratic capitalism is good and useful? What about it is worth preserving, expanding and fixing, so that we can be prepared for the challenges that are coming?" Professor Vikash Yadav joins Cole to discuss his book, "Liberalism's Last Man". The book explores the elements of one of the great economic thinkers and philosophers of the 20th century — Friedrich Hayek — that are still relevant and viable today. The conversation focuses on the evolution of liberali...

Dec 18, 20231 hr 21 minSeason 2Ep. 227

Senator Phil Gramm - The Myth of American Inequality

“If you read it, you will realize that many of the arguments being made against American capitalism are invalid. You will realize that this country of ours is even greater than you think.” Senator Phil Gramm joins Cole to discuss his book, The Myth of American Inequality. Gramm’s book explores the data which prove income inequality in the United States is far lower than what most Americans are led to believe. The conversation covers the statistics that support Gramm’s position and how the Americ...

Dec 04, 20231 hr 14 minSeason 2Ep. 226

Daniel Schulman - The Money Kings

“Once you know where to look, you start to see it all around you in present day life. Whether it’s the Federal Reserve Bank, whether it’s the company Goldman Sachs… It’s remarkable how the degree to which we are living in this world they helped build.” In this episode, Cole is joined by author Daniel Schulman to discuss his book, The Money Kings. Daniel’s book is the story of the German Jewish immigrants who revolutionized Wall Street and shaped today’s economic system. The conversation covers n...

Nov 20, 20231 hr 26 minSeason 2Ep. 225

Lori Garver - Escaping Gravity

“You have to have a drive and a willingness to get bloody by standing up for something greater than yourself.” Former NASA Deputy Administrator Lori Garver joins Cole to discuss her book, Escaping Gravity: My Quest to Transform NASA and Launch a New Space Age. Lori’s book is a firsthand account of her career at NASA, highlighted by her role in the private sector’s involvement in the nation’s space program. The conversation covers the hurdles she faced, how incentive structures can lead to good a...

Nov 06, 20231 hr 14 minSeason 2Ep. 224

Randall Sullivan - Graveyard of the Pacific

Randall Sullivan joins Cole and Bill for a conversation about his book, Graveyard of the Pacific: Shipwreck and Survival on America's Deadliest Waterway. The book describes the haunting history of the Columbia River Bar, one of the deadliest bar crossings on the globe, where the Columbia River meets the Pacific Ocean. The discussion covers the dangers associated with the area, the shipwrecks and lives lost, and Randall's first-hand journey crossing the bar.

Oct 23, 20231 hr 12 minSeason 2Ep. 223

David Zaslav - Exclusive Interview

BONUS EPISODE: David Zaslav, CEO and President of Warner Bros. Discovery joins Cole and Bill to continue the conversation about The Warner Brothers by Chris Yogerst. Zaslav gives insight into how the brothers positioned the company for success, the power of film in today’s society, and how the media giant is building towards the future. Zaslav also shares a story involving Robert Evans, Frank Sinatra, and Mia Farrow!

Oct 09, 202325 minSeason 2Ep. 223

Chris Yogerst - The Warner Brothers

Chris Yogerst joins Cole and Bill for a conversation about his book, The Warner Brothers. Yogerst’s book chronicles the lives of four brothers – Harry, Albert, Sam, and Jack and how they built one of Hollywood’s most distinguishable studios, which now stands as one of the largest media conglomerates in the world. The discussion covers how the family’s values shaped the movies they created, the successful investments they made in technology, and the legacy the brothers left behind. Have a book yo...

Oct 09, 20231 hr 26 minSeason 2Ep. 222

The Smead Book List - Fall 2023

Interested in the Smead Capital Management book list? Listen in to hear Cole and Bill Smead list the books they have recently read, what they’re currently reading, and the books they have on deck. Also in this episode, v alue investing gurus, Bill and Cole, discuss the role higher interest rates are playing in today’s equity markets, how rising rates affect stocks , the increased risks in investments, and the impact on the real economy. Have a book you would like to recommend for the podcast? Em...

Oct 02, 202329 minSeason 2Ep. 221

Diana B. Henriques - Taming the Street

“FDR was brilliant in recognizing there is a connection between a fair economy with well-regulated markets and a strong democracy with broad public support. He saw those as inextricable, and that’s why his financial reforms were the heart and soul of the New Deal.” Award winning author Diana B. Henriques joins Cole to discuss her book, Taming the Street: The Old Guard, the New Deal, and FDR's Fight to Regulate American Capitalism. Diana’s book recounts the steps President Franklin D. Roosevelt t...

Sep 18, 20231 hr 33 minSeason 2Ep. 220

Peter Stark - Gallop Toward the Sun

New York Times Best Selling author Peter Stark makes his second appearance on the podcast, this time to discuss his book Gallop Toward the Sun. Peter’s book highlights the widely unfamiliar conflict between Tecumseh and William Henry Harrison. The conversation covers how the two men became exceptional leaders, why a struggle between local politics and a young federal government shaped westward expansion, and Tecumseh’s eagerness to defend indigenous land and his people’s way of life.

Sep 05, 20231 hr 19 minSeason 2Ep. 219

Matt Lindland - Exclusive Interview

The discussion surrounding Michael Thomsen’s book, Cage Kings, continues as former mixed martial artist Matt “The Law” Lindland joins Cole to talk about his path to the Olympics, the Supreme Court, and the UFC.

Aug 21, 202337 minSeason 2Ep. 218

Michael Thomsen - Cage Kings

Michael Thomsen joins Cole in this episode to discuss his book, Cage Kings: How an Unlikely Group of Moguls, Champions & Hustlers Transformed the UFC into a $10 Billion Industry. Michael’s book highlights the cast of characters who built the UFC from the ground up. The conversation covers why these executives believed in mixed martial arts despite going through a variety of hurdles, how television broadcasting and streaming deals put the UFC on the map, and the fighters who made the sport ma...

Aug 21, 20231 hr 35 minSeason 2Ep. 218

Greg Steinmetz - The Richest Man Who Ever Lived

“The name Fugger in Germany is like the name Rockefeller in the US.” Greg Steinmetz joins Cole and Bill for his second appearance on the show, this time to discuss his book, The Richest Man Who Ever Lived. The book explores the life of German banker Jacob Fugger. The discussion focuses on how Fugger built his empire of wealth, the partnerships he created along the way, and the lasting legacy he left behind.

Aug 07, 20231 hr 15 minSeason 2Ep. 217

Brett Scott - Cloudmoney

“Does it matter if you pay with cash, card, iPhone, or Bitcoin?” Cole and author Brett Scott delve into that question when discussing Scott’s book, Cloudmoney: Cash, Cards, Crypto, and the War for Our Wallets. Scott’s work explores the idea of how a digital monetary system has resulted in anti-cash messaging. The conversation covers the players in the current financial system and how cash is no longer king.

Jul 24, 20231 hr 29 minSeason 2Ep. 216

Barry Strauss - The War That Made the Roman Empire

In this episode, Barry Strauss joins Cole to discuss his book, The War That Made the Roman Empire: Antony, Cleopatra, and Octavian at Actium. Barry’s book recounts the fierce conflict at the Battle of Actium in 31 BC. The conversation covers the events leading up to the civil war, how the historic naval battle at Actium was fought, and what may have happened to the Roman Empire had Antony and Cleopatra been victorious.

Jul 10, 20231 hr 11 minSeason 2Ep. 215

The Smead Book List - Summer 2023

Interested in what is on the Smead Capital Management book list? Listen in to hear Cole and Bill list the books they have recently read, what they’re currently reading, and the books they have on deck. Have a book you would like to recommend for the podcast? Email suggestions to [email protected] .

Jul 03, 202343 minSeason 2Ep. 214
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