Money Maze Podcast

121: Red Lines, Accounting Gimmicks and Management Gloss: Why You Need to Understand Balance Sheets to Avoid Portfolio Disasters (With Steve Clapham, Founder of Behind the Balance Sheet)

Nov 30, 2023
Steve Clapham, veteran analyst and investor, discusses the importance of reading balance sheets in investing, the decline in effective investment training, and the significance of cash flow statements. He highlights the abundance of opportunities on the buy-side and shares case studies of 'creative accounting' including Patisserie Valerie and Wirecard. The podcast also explores the shift in power between buy-side and sell-side, the need for financial literacy, and the key to successful investing through balance sheet analysis and questioning everything.
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