TheSmart Money Method

STEPHEN CLAPHAM is the founder of Behind the Balance Sheet, a professional investor training consultancy and online school. Stephen trained as an accountant before joining the equity research department of Hoare Govett, one of London's top stockbrokers. Stephen had a successful career as a sell-side analyst, working for various investment banks and consistently being rated as one of the top analysts in his sector in the leading surveys. In 2005, he joined Toscafund to cover non-financial stocks. He has also held positions as a partner and head of research at two multi-billion hedge funds and one smaller fund. He has been responsible for international equity selection and for managing portfolios as a consultant to one of London's top wealth managers, where he was also a member of the firm's Investment Committee.

In 2018, he set up Behind the Balance Sheet as a training business, initially dedicated to helping professional investors improve their skills. His flagship product, the Forensic Accounting Training Course, had over 250 professional students in its first 18 months, and hundreds more have taken his other courses, webinars and online programmes. Stephen is recognised as one of the leading commentators on fraud and aggressive accounting in quoted companies, and he regularly appears or is cited in the press, including BBC Radio 4's Today programme, The Sunday Times, Financial Times and specialist financial media such as the Investors Chronicle, The Acquirers Podcast and Real Vision.

Stephen Clapham is a retired hedge fund partner who now trains stock analysts at some of the world's largest and most successful institutional investors. In The Smart Money Method he reveals the time-tested techniques he uses to research and pick stocks. Read this book to discover:

- The step-by-step research process used by trading experts to pick stocks and test their market-beating potential.

- Tools and techniques that will help you research new stock ideas, as well as maintain and eventually sell an investment.

- Learn how to test your theories, make sound investment decisions, and manage your portfolio.

- The best opportunities to buy and sell stocks, and invest with confidence.

- Assess the quality of any business, judge the management's ability, Identify shady accounting, and avoid dying companies.

- How to value any business to find bargain shares.

- Navigate the post Covid market scenario and make profitable investments.

The author offers real-life investing examples and war stories from a 25-year career in stock markets. The message is clear - you can beat the market. Simply learn and apply the insider secrets contained within this book.

A book crammed with a lifetime's professional experience with practical advice you won't find elsewhere. If you are picking stocks and you want to save time and money the best place to start is by buying this book.A superb book by one of the acknowledged experts in the field. Clear, compelling and beautifully structured, this should be required reading for anyone who wishes to understand what makes a great investment - or a lousy one. Every young investor should read this and take careful note of Steve Clapham's experience from a lifetime of investing.A very comprehensive book on the world of research and analysis. Steve doesn't just guide you through analysis but also tutors you in how to 'think' like a professional, successful analyst. Moreover, the book integrates other all-important facets of investment such as approaches to communication with decision-makers and clients, and portfolio maintenance. This is no surprise to me since I first met Stephen 25 years ago when he was already a highly rated analyst and I was a client, and since then he has had a successful career in hedge fund management. Therefore, the approaches which hedge funds use but rarely discuss can be gleaned from this authoritative book. Packed with practical step-by-step advice it is chatty in tone when it needs to be to get important messages across, and thus is wonderfully easy to read.An extremely good read for anyone wanting to master the art of stock picking. The author has had an uncanny knack of spotting winners and losers throughout his long career.Every ambitious founder, hoping to reach the stock market, should read this book to learn what to expect.