You're listening to A Book with Legs, a podcast presented by Smead Capital Management.

At Smead Capital Management, we advise investors who fear stock market failure.

You can learn more at Smeadcap.com or by calling your financial advisor.

Welcome to a book with legs podcast. I'm Cole Smead. I'm the CEO and a portfolio manager

here at Smead Capital Management. At our firm, we are readers and book junkies. It can be said

that leaders are readers, and we believe books provide us a great source of information for filtering

what is and isn't important for us as investors.

Investing is the last great liberal art and the best way to spend a lifetime of learning.

This podcast is for readers, thinkers, business-minded people, and investors who want to grow their

knowledge from great authors in their writing. Charlie Munger often talks about using multiple

mental models and analysis. Our aim for this podcast is to help

listeners test mongers theory in business, markets, and people. See, today's date is October 2nd,

2023. Investors and people we run into often ask us, you know, what books are we reading?

What's on our reading list? This is our quarterly episode for us to talk about books, books, and as I always say, more books.

Joining me to talk about our reading list is our chief investment officer and chairman.

My dad, Bill Smead.

Thanks for joining me, dad.

Thanks for having me.

So I'm, as usual, we got some fun books that we got to go through, some stuff we got to discuss. I think, you know,

in the liberal art sense, it's kind of fun to watch us jump around on some of these topics.

So let's start out by, you know, what have you recently read? Well, of course, we read the Warner

Brothers book by Chris Yogurtz, and that was just fantastic. Cole's mother and I are, we watched Turner Classic movies,

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