The Intrinsic Value Podcast - The Investor’s Podcast Network
MI321: Uncovering Stocks Like A Pro w/ Stephen Clapham
Jan 23, 2024
Experienced investor and author, Stephen Clapham, shares valuable insights on detecting frauds, finding interesting ideas in different geographies, leveraging friends as an investing filter, utilizing stock charts, evaluating management red flags, heavy emphasis on back-of-the-envelope evaluations, pitfalls of ESG investing, and the best ways to build investing skills.
01:05:39
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Quick takeaways
- Applying successful stock ideas across different stocks, industries, or geographies can uncover valuable investment opportunities.
- Following the market's fluctuations and identifying opportunities that are currently out of favor can lead to attractive buying opportunities for patient investors.
Deep dives
The Power of Laterals in Finding Investment Ideas
Stephen Clapham discusses the concept of laterals, which involves applying a successful stock idea or theme to a different stock, industry, or geography. He explains that this approach can provide powerful insights and increase the probability of finding great investment ideas. Clapham illustrates this with an example of how the success of discount supermarkets in the UK led to a successful prediction of their impact in Australia. By leveraging their circle of competence and understanding the potential impact in different markets, investors can uncover valuable opportunities.
