Conversations with some of the most insightful people in finance and business.

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#10 – Mr BRICs

Former Goldman, Sachs partner, Jim O’Neill (more properly, Baron O’Neill of Gatley), is best known as the man who coined the term BRICs. He correctly identified that this group of emerging markets would drive global growth and published a paper on it over 20 years ago.

#9 Russell Napier & Jeremy Hosking – 2 Capital Cyclists

In this interview we discuss the coming age of financial repression and why the capital cycle theory will be so important for investors in this new era. We also discuss the banks sector, the Asian crisis, value vs growth and the problem with ESG.

#8 – GREED and Fear

In this wide-ranging interview, recorded before Russia’s invasion of Ukraine, Chris Wood, Global Head of Equity Strategy at investment bank Jefferies, talks about his route to success, why he is bullish on energy stocks, some of his fun trades (long Ryanair, short Zoom), why he doesn’t use Zoom, how the pandemic has altered his approach and why his multi-million air miles account won’t get built up quite so much going forward.

#7 – A Scotsman & an Englishman

Dylan Grice is a former economist, prop desk trader, strategist and family office investor. Rob Crenian is the former UK CEO of Renaissance Technologies, the world’s most successful hedge fund. They teamed up to form Calderwood Capital whose reason d’etre is preservation of capital in what is likely to prove a much more difficult long term environment in the next decade or two than in the last.

#6 – The Existentialist

Former hedge fund manager Hugh Hendry is best known as the man who made 30% in 2008, when others crashed, including many so-called hedge funds. He described his cockroach mandate as being a survivor no matter what. He closed the fund in 2017 after a period of lackustre but far from shocking performance and has become a property developer and landlord on St Bart’s.

#5 – Lucy Macdonald The Pianist

In this podcast, MacDonald explains her really unusual route to finance, her approach to running successful portfolios, how to run a team of fund managers and analysts and how a woman copes in a man’s world.

#4 – The Not Quite Trillion Dollar Man

In this interview, a rarity for Price, he talks about his snakes and ladders route to success, why doing the work is an integral part of his approach, and how putting clients first is the key to success in any business. Putting yourself in the client’s shoes not only ensures that you are delivering the right product, it also removes any possible temptation for ethical conflict.

#3 – Two UK Venture Leaders

In this fascinating interview, Pete Davies of Lansdowne Partners and Spencer Crawley of First Minute Capital discuss the UK venture scene, look at why academia is such a fertile source of innovation, discuss how venture networks operate and look at how today compares with the 1990s tech boom.

#1- Head to Head: John Armitage and Brent Hoberman discuss where quoted investing meets venture.

Two investors who went to the same school, then to Oxbridge, and have been awarded the CBE (*). They are both titans in their fields but through very different routes. One has run his hedge fund firm for 27 years, has an astonishingly good track record, yet is so under the radar that few have heard of him. The other has started multiple companies, is a business celebrity and is recognised as one of the most successful people in UK.

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We are supporting an important new charity: the Financial Times charity, Financial Literacy and Inclusion Campaign (FLIC).

Financial literacy has been proven to increase social mobility and improve financial behaviour for individuals and communities. It’s the charity’s aim to democratise financial education by providing free and engaging content to those who need it most: young people, women, and disenfranchised groups including minority ethnic communities and migrants.

This resonates with our mission at Behind the Balance Sheet to provide useful education to investors at a sensible cost. We believe that the lack of proper education on finance in schools (a problem in the US as well as the UK) is scandalous. It’s the poorest in society who suffer the most from finance scams.

It is simple to explain the power of compound interest and why you should never borrow on your credit cards – any child can grasp and remember that. It will save them money and grief later.

Please listen to our interview with Patrick Jenkins, Deputy Editor of the Financial Times and the driving force behind this new charity. He explains why this is a cause anyone with an interest in finance should support. Please send them some money or at least spread the word. Thanks


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