The Smart Money Method

The Smart Money Method provides a treasure trove of ideas and insights for serious investors. Processes that have been honed by author Stephen Clapham over a 30-year career as a top equity analyst provide valuable lessons into where investors can most profitably channel their research efforts, the most effective methods to use, and the many nuances that need consideration. Peppered with wry anecdotes and some candid views on the industry, Mr Clapham's book also provides an illuminating gaze into the City and hedge funds. The Smart Money Method's stated aim is to make its readers better at investing. While the book is light on the kind of how-to instructions that may serve a beginner, where it scores is in the abundance and richness of good ideas in its pages. So, buy it, read it and become a better investor. --Investors Chronicle Clapham's excellent book offers a practitioner s perspective on fundamental analysis, demonstrating how top hedge funds use forensic accounting techniques to separate high quality, undervalued opportunities from value traps. --Tobias Carlisle, Manager of the Acquirers Fund (NYSE: ZIG) and author of The Acquirers Multiple. Crisp and incisive. A must-read for anyone interested in picking stocks and understanding markets. --Oliver Shah, Business Editor, Sunday Times and author of Damaged Goods 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. --Peter Harrison, CEO, Schroders 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. --Russell Napier, author, Anatomy of The Bear An essential read. Leverage Stephen's wealth of experience and become a better investor. --Jon Moulton, Founder and Managing Partner, Better Capital 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. --Quintin Price, former Head of Equities and Credit, Blackrock When talking to Stephen I have always been reminded of what was said about the football player Terry Sheringham he ran the first five yards in his head. Stephen is like this a deep involvement with companies and markets over a long period of time has given him the ability to see the hidden motive, the start of the trend, the next likely development while others are still puzzling over what has been said. --Dominic O'Connell, Business Editor, BBC Radio 4's Today I met Stephen in the 1990s, when he was an analyst covering the transport sector. Since then we have stayed in touch and I have always been impressed by Stephen's diligence and thirst to understand the dynamics of a company and its market. The Smart Money Method is a good read for everyone interested in investments, but will be of particular value to graduate investment trainees and non-professional investors, who are looking for more colour (and many interesting anecdotes) on how professionals make investment and divestment decisions. --Sir Brian Souter, Co-Founder, Stagecoach and Chairman, Souter Investments Stephen Clapham's fast-paced The Smart Money Method has at least one idea on every page that fundamental investors will want to highlight in yellow and then add to their analytic toolbox. --Hewitt Heiserman, author, It's Earnings That Count 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. --Ajay Gambhir, former manager, RWC Samsara I knew Steve as a sell-side analyst in the past and his analysis leaves no stone unturned. This book outlining his research process is a great introduction for young analysts and will teach many experienced ones a thing or two. Recommended.--Martin Gilbert, Founder, Aberdeen Asset Management and Chairman, Revolut Stephen is an extremely professional analyst with a long track record. I found his book easy to read and very helpful in terms of how to identify suitable companies to invest in. --John Allan, Chairman, Tesco plc and Barratt Developments and Vice President, CBI Every ambitious founder, hoping to reach the stock market, should read this book to learn what to expect. --Brent Hoberman, Co-Founder and Executive Chairman, Founders Factory, Founders Forum, firstminute capital