Online Investing Courses

Join top equity analysts and learn to invest like a pro today.

Learn the step-by-step methods Stephen Clapham has honed over 30 years as a professional equity analyst.

Join over 1000 students, many of whom work for top funds.

 

Main Courses

Start building your investing skills today:

  • Assess any company’s financials in depth and with confidence. 
  • Identify & value companies with the potential to compound your investment many times over.
  • Spot frauds before they blow a hole in your savings.
  • Make solid assessments of industry & company dynamics.
  • Judge whether or not management can be trusted with your cash.
  • Manage your portfolio to protect your downside and earn better returns.

30-day money-back guarantee! 

If for any reason you aren’t happy, we’ll refund you in full.

Our mission is to share knowledge and help you improve your investing results by making fewer costly mistakes.

TESTIMONIALS

“The webinar was fantastic. I've taken several online courses, and the rub is always how to ask questions. Your system of reviewing content and allowing people to type questions is super effective.”
Sanjeev Kriplani, California
“Great and insightful course – Steve combines a deep theoretical knowledge with the practical understanding of a seasoned equity analyst. Behind the Balance Sheet offers useful lessons and additional resources for the serious analyst. I enjoyed the course and recommend it to my peers.”
Philipp Stampfer, Lansdowne
“Investors are often drowning in information but starving for insight. Steven’s course delivers the latter in large amounts. My ability to analyse financial statements and evaluate equity investments has substantially improved.”
James Fournier, Fixed Income Trader and Private Investor, Hong KongAnalyst Academy February 2020 Cohort
“I have already tried some of the lessons in the Academy. Must say that this is really excellent content. Though I have studied many of the issues you address you provide more than an extra edge. What can I say, its fantastic content and added value. Thanks again and I will certainly recommend your courses to any colleagues.”
Professional analyst and CFA Charterholder at asset manager, Middle East.Analyst Academy June 2020 Cohort
“…..Another standout is engagement - regular articles of interest are shared with other learners, no questions are left unanswered and discussions are encouraged. It is clear that Steve cares about your learning and the value you obtain from his course. I'd recommend Steve's courses to anyone that wishes to take the plunge and I will not hesitate to resume learning in the future. An extremely valuable service!”
Ben Briscoe, WokinghamAnalyst Academy February 2020 Cohort
‘A great course, really useful to hear from Steve and benefit from his many years of experience, he was very generous with his time and provided additional help outside the original brief’. An extended bull market and low rates has encouraged a very creative and loose accounting culture and this is a great course getting you prepared for when the tide goes out’
Justin AbercrombieSchroders
Excellent course, relevant and suitable for all levels of experience from entry level analysts to seasoned portfolio managers. Steve does a great job in categorising the various relevant topics and manages to make the sometimes dull topics more entertaining.
Monesh KirpalaniIbis Capital
“Course was very well pitched and covered a lot of good material with a range of worked examples to enhance learning. Steve knows his stuff. Extremely good value from a very strong practitioner.”
Principal of a family office
“I found the case studies and examples very useful; it really opened by eyes to the importance of challenging company management on the numbers presented in the financial accounts, particularly within the cash flow statement.”
Dominic CarverEquity Analyst, Close Brothers Asset Management
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Flagship Courses

Analyst Academy

Learn all the skills you need to be a highly successful investor or professional analyst. In just 12 months.

Analyst Academy Pro

Are you a recent graduate or a junior analyst who wants to elevate your skills? Accelerate your career now.

 

Short Investment Courses

How to read a balance sheet

Learn how to analyse company accounts to understand their performance, avoid losers and find quality investments. We walk you through a company’s accounts, line by line.

How to value companies

A comprehensive and practical guide to the art and science of company valuation. Learn value investing’s most important skill.

How to pick winning stocks

How do you spot undervalued stocks? This course teaches the skills you need to find a stock idea and analyse it. We show you how to evaluate business quality and assess management and strategy.

A walk through Apple's 10K course card - Behind The Balance Sheet

A Walk Through Apple’s 10-K

Discover what drives Apple’s business and stock price. In just one hour.

General Courses

Financial modelling basics

Financial Modelling made easy – learn to build a 3-statement financial model.

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YOUR INSTRUCTOR

Steve Clapham has over 30 years of stockmarket experience as an equity analyst. He had a successful career as a highly-rated sell-side analyst covering a number of sectors. He then moved to become a partner and head of research at two multi-billion hedge funds, based in London.

In 2018, Steve set up his training company, Behind the Balance Sheet, and in the first 5 years, nearly 500 full-time professional investors have taken his Forensic Accounting Course. Hundreds more have taken his other in person and webinar courses. Some of the world’s top institutions rely on Steve to help their top analysts improve their skills. That expertise is now available to you!

That’s why over 1000 private and professional investors have enrolled in our online school.