
Growing Wealth in an Inflation Avalanche
Stephen Clapham was a guest on Chris Naugle Show podcast
We are regularly quoted and featured in the media. Steve has appeared on multiple podcasts, on BBC Radio 4’s Today programme and on Real Vision on several occasions, and our work is widely quoted in leading media from the Financial Times to the South China Morning Post, including Bloomberg BusinessWeek, The Times, the Sunday Times and many more. Steve also regularly writes a column for the UK’s Investors Chronicle and Moneyweek magazines.

Stephen Clapham was a guest on Chris Naugle Show podcast

As The Donald prepares to return to his business empire, he does so without the support of America’s first-tier banks.

Donald Trump has been toying with bankers for decades. He bashed Wall Street during his presidential campaign, then filled his cabinet with ex-Goldman Sachs executives. He sued Deutsche Bank during the financial crisis, then publicly defended his lender of choice when he became president.

Stephen Clapham is the founder of Behind the Balance Sheet, a training and research consultancy, which he set up after he retired from the hedge fund world. His book, the Smart Money Method, How to Invest like a Hedge Fund Pro, was published in November 2020.

My interview with Kyle Bass on the Chinese tech companies and their aggressive accounting has now been published on YouTube. Kyle Bass is well known for having a negative stance on China and the tech stocks are no exception, but it’s worth watching.

The London-based based equity analyst Steve Clapham said in November that it was unlikely the Trumps would make a profit on their Scottish golf business interests.

Richard Gill, CFA, reviews The Smart Money Method, where author Stephen Clapham provides investors with the insider stock picking techniques used by top hedge funds.

Phil Oakley chats with former analyst and hedge fund investor Steve Clapham about his new book and how to research companies well.
John Stepek recommends some of his favourite financial books for you to read as lockdowns continue, including a surprisingly gripping biography of the economist John Maynard Keynes.

Keith Hiscock talks to Stephen Clapham, founder of Behind the Balance Sheet about his book, ‘The Smart Money Method: How to pick stocks like a hedge fund pro’

Book review: Stephen Clapham’s Smart Money Method. The book offers a comprehensive methodology to assess stocks

Real Vision editor Jack Farley welcomes Stephen Clapham, founder of Behind the Balance Sheet and author of “The Smart Money Method.” Using the tools gained as a forensic accountant in the hedge fund business, Clapham analyzes the current ploys that companies use in order to flatter earnings, garnish cash flow, and hide risk.

In this episode we travel across the pond to chat with internationally renowned forensic accountant and author Steven Clapham. Steven talks to us about life as a sell-side analyst, his due diligence work when vetting a company, and his book “The Smart Money Method.”

BBC Radio 4 Today January 4. DIscussion of the year ahead featuring Steve Clapham on the panel, from 19m30s in.

Steve Clapham, author of The Smart Money Method comes on to discuss his new book and some of the valuation and research tricks and tips that didn’t quite make it into his book.

Veteran equity analyst and forensic accountant Steve Clapham believes it is stories that drive investment decisions and seldom cold analysis of financial accounts. But he believes it is hard to find a company which isn’t engaged in some level of financial wrongdoing and argues that auditors are blind to it, wilfully or otherwise.

This is a podcast about finding undervalued stocks, deep value investing, hedge funds, shareholder activism, buyouts, and special situations. We uncover the tactics and strategies for finding good investments, managing risk, dealing with bad luck, and maximizing success.

Hayman Capital’s founder and CIO Kyle Bass welcomes forensic accountant and Behind the Balance Sheet’s founder Stephen Clapham to break down the accounting irregularities peppered throughout the regulatory filings of China’s biggest tech companies.

This episode is brought to you by TIKR. Join the free beta today at TIKR.com/hive. They’re constantly releasing new updates that make the platform better including a new Business Owner Mode that hides share count, market cap and enterprise value. I couldn’t be more excited to partner with TIKR.

Picking stocks like a pro, investments relevant to the UK’s 2030 ban on new petrol and diesel cars, Tesla in demand again and potential capital gains tax changes.

The IPO of Ant Financial will go down as one of the most extraordinary deals of all time. And in general, Chinese internet companies have been huge winners in the post-crisis period. But what does it take to really analyze the quality of their businesses? On this episode, we speak with Stephen Clapham, a forensic accountant, and the founder of Behind The Balance Sheet, who explains why understanding what’s really going on with these companies is so tricky

VALUE II: IS INVESTING NOT AS HARD AS WE THINK?

Self-styled ‘king of debt’ will want to avoid a repeat of his high-profile failures when he leaves the White House in a matter of weeks.

Despite the inauspicious omen, the Trump Organisation pledged it would be profitable from day one. Instead, within a few years it drove Donald Trump to corporate bankruptcy.

In the first installment of his series on value investing, Stephen Clapham of Behind the Balance Sheet is joined by Tobias Carlisle, principal and founder of The Acquirers Multiple.

You might have missed the news in the avalanche of election stories pouring out of America, but earlier this month, Donald Trump received planning approval for a new golf course at his Aberdeenshire resort.

There is an illuminating illustration of the time cost of research in the soon-to-be published book ‘The Smart Money Method’ written by Steve Clapham, a former top hedge fund analyst and founder of training and research firm Behind the Balance Sheet. Mr Clapham puts the hours needed to really get to know a company at about 100 plus. He then breaks down the hours a professional analyst needs to monitor routine announcements during a year, getting to a total of 16 for European stocks (eight for the annual report, four hours for interim results, and two trading updates requiring two hours each)

How Steve Clapham was alerted to the ‘funky accounting’ at Patisserie Valerie by examining how they compared to Starbucks.
The winner for the Value and Transparency category went to Steve Clapham contributor to Investors Chronicle and Algy Hall for their article Four simple ways to fix audits, which set out steps to improve audit quality in the UK by examining high-profile corporate failures.
Stephen Clapham, founder of Behind the Balance Sheet, analyzes the unique challenges that companies worldwide are facing during the ongoing pandemic.


How can investors recognize fraud and other accounting irregularities in companies before they invest? Stephen Clapham, a forensic accounting expert and founder of Behind the Balance Sheet, joins Real Vision to break down the telltale signs.

A series of high-profile corporate failures have highlighted the unacceptable quality of auditing in the UK. The collapse of former FTSE 350 companies, such as Carillion, Debenhams and Thomas Cook – to name but a few – have quite correctly led investors to question whether they are receiving the protection they have a right to expect

Investors and fund managers, stung by Carillion and other failures, are being taught to find their own way round a balance sheet
The October cohort is open · LIVE ON ZOOM · We start on Monday, Oct 12