Archive - Behind the Balance Sheet

June 2025

47 Pro Tips Making New Highs + Rethinking Two Household Names

One isn’t as dull as it looks; the other isn’t as risky as it seems.

Jun 29 •

Stephen Clapham

Hedge Funds' Secret Weapon

Opportunities for asymmetric payoffs even in today’s tougher markets

Jun 22 •

Stephen Clapham

The World’s Most Profitable Business You’ll Never Own

Inside Only Fans, our 130 Stock Tips Ranked and 2 Dreadful Sectors to Avoid

Jun 15 •

Stephen Clapham

Private Equity’s Slow-Motion Crunch

Record dry powder, falling distributions, and 11.9x entry multiples—why the future won’t look like the past.

Jun 8 •

Stephen Clapham

Scarcity, Status and 50x P/Es

Are These the Quoted World’s Greatest Trophy Assets?

Jun 1 •

Stephen Clapham

May 2025

That Was the Week That Was: Hype, Hope & Hidden Value

Tech extravagance, a red flag hiding in plain sight, + 4 cheap quality stocks from a top fund

May 25 •

Stephen Clapham

🔍 A Value Trap in Action: Lessons from A Painful Post-Mortem by Schroders

Plus 36 Actionable ideas from 12 Investment Pros at this week’s Value Conference

May 18 •

Stephen Clapham

3 ½ days in Omaha

My takeaways from the meeting and more

May 11 •

Stephen Clapham

Two Quality Companies the Market Hates Right Now

Falling Knives or Misunderstood Gems?

May 4 •

Stephen Clapham

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