MI321: Uncovering Stocks Like A Pro w/ Stephen Clapham
The Intrinsic Value Podcast - The Investor’s Podcast Network
The Investor's Podcast Network
4.6 • 592 Ratings
🗓️ 23 January 2024
⏱️ 69 minutes
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Summary
Transcript
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| 0:00.0 | You're listening to TIP. |
| 0:03.0 | A lot of people write off technique whinellas, or they're just drawing squiggles on charts. |
| 0:08.9 | But the chart is the single encapsulates in one measure what the market thinks about the share. |
| 0:18.6 | And if you're trying to make money out of the difference between |
| 0:22.4 | perception and reality, which is what, effectively, what an investment analyst does, then you need |
| 0:28.3 | to not only understand the reality, which analysts tend to be reasonably good at, but you also |
| 0:35.2 | need to understand the perception. and you need to understand why the |
| 0:39.2 | perception is wrong and what might change it. If you don't understand that, then you'll never make |
| 0:45.3 | any money. And how do you understand the perception? Well, it's quite difficult, isn't it? I mean, |
| 0:50.7 | how would you know what's in the price? And the best place to start is the share |
| 0:56.3 | price. In this episode, I chat with Stephen Clapham about the use of laterals to leverage |
| 1:04.2 | your circle of competence and find great ideas, simple ways to test your investing |
| 1:08.1 | hypothesis, methods to reduce your exposure to investing frauds, |
| 1:12.6 | the importance of investing in a business with properly incentivized management, |
| 1:16.3 | why you should play close attention to the value of business's debt, |
| 1:19.6 | the role that stock charts can play in a fundamental investor's toolbox, |
| 1:22.7 | the power of simplicity and valuation, and a whole lot more. |
| 1:25.9 | I first found out about Steve and Clapham when I saw his book, The Smart Money Method, and a whole lot more. I first found out about Stephen Clapham when |
| 1:28.0 | I saw his book, The Smart Money Method, referenced by a former guest, Tobias Carlisle. |
| 1:33.0 | When Tobias says something is worth reading, I'm all yours. So I checked out the book, |
| 1:36.8 | and author, and ordered it immediately. I was impressed with how well the book was laid out |
| 1:41.0 | and some of the very interesting insights into how professional investors analyzed stocks. There were so many takeaways I had from the book, but the overarching lesson |
... |
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