Investing by the Books
#61 Stephen Clapham: The Smart Money Method
Aug 20, 2024
Stephen Clapham, founder of Behind the Balance Sheet and investment analyst with over 25 years of experience, shares his insights on investment strategies and training for finance professionals. He discusses his book, innovative methods for assessing undervalued companies, and the potential profit in investing with unconventional entities. Clapham emphasizes the shift in the investment landscape, the importance of re-evaluating strategies after market declines, and breaking down the skills gaps within the industry.
01:27:13
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Quick takeaways
- Stephen Klapham emphasizes the necessity of identifying mispriced stocks through disciplined research to achieve significant investment returns.
- His transition from sell-side to buy-side investing highlights the importance of comprehensive analysis and access to diverse resources for stock evaluation.
Deep dives
Introduction to Steve Klapham's Investment Philosophy
Steve Klapham outlines his investment philosophy in his book, 'The Smart Money Method.' He emphasizes the importance of identifying stock ideas that surpass market performance and achieving significant returns. Klapham argues that successful investing relies on recognizing mispriced stocks and employing a disciplined approach to research and analysis. According to Peter Harrison, CEO of Schroder, Klapham's expertise in spotting winning stocks makes his insights highly valuable for aspiring investors.
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