In this episode we speak with Stephen Clapham - former hedge fund analyst, bestselling author, and founder of 'Behind the Balance Sheet', a leading investment training consultancy. With decades of experience spanning the sell-side, buy-side, and now education, Stephen shares the unconventional path that led him into equity research, how he built a reputation for forensic accounting, and what it takes to truly understand a company's financials.

In this candid conversation, Stephen reflects on his career transitions, the habits that drive his productivity, and the evolving role of technology in investing. Whether you're a finance professional or just curious about how top analysts think and work, this episode offers a rare window into the mindset of someone who's spent a lifetime learning how to ask better questions—and read between the lines.

In this episode, we are joined by Adam Seessel. Adam is the founder and managing member of of Gravity Capital Management, a firm in New York.

Prior to starting Gravity, Adam worked for Sanford C. Bernstein, Baron Capital and Davis Selected Advisors.

Since beginning a record of stock market performance while at Davis Fund in the mid 2000s, Adam has beaten the S&P 500 index after fees.

He's also a regular contributor to both Barrons and Fortune magazines and is the author of the very enjoyable book 'Where the Money Is'.

Adam is a value investor who synthesises old-school financial principles – so, return on capital, dominating your market, moats, free cash flow etc. - with new economy principles.

A conversation with the writer Diccon Bewes. Diccon is the author of several wonderful books, including the Financial Times book of the year Swiss Watching.

Diccon tells us about his experiences as a travel writer, his life in Switzerland and how he works.