Smead Capital Management on Fed Rate Decision

The transcript covers a discussion on investment positions in major banks, the Federal Reserve's role in managing inflation, and the implications for equity investors. It highlights the challenges faced by the Federal Reserve in controlling inflation, driven by millennials' demand for goods. The conversation also touches on the current bear market, the impact on venture capital, and private equity investments.

What are the implications of the speaker's views on inflation for equity investors?

How does the speaker view the role of millennials in the current economy?

What impact does the speaker foresee on the venture capital and private equity ecosystem?