RSS Amplifier

Blog

Behind the Balance Sheet

Investing thoughts, tips on analysing companies and more, from a former partner of a Tiger Cub. Helping you improve your portfolio's performance.

behindthebalancesheet.substack.comSource feed ↗21 posts

Live Last read · last published · next check

Written by

Latest posts

When Boring Businesses Become Interesting

Two investors who survived the dot.com bubble explain what they learned & why an obscure company could benefit from powerful tailwinds

What Will Your Stocks Return Over the Next 25 Years?

Jim Reid’s extraordinary dataset reveals the factor that matters most for long-term returns

Netflix

Is it cheap now? A guest post

I Bought a £42 Valuation Book So You Don't Have To

Ten useful principles, one big omission, and a lesson about the difference between academics and investors

What 125 Years of Data Really Tell Us

The most valuable lessons from a great investment database.

18 Books. 6 Months. 5 Must-Reads.

Books that changed how I think about investing, creativity, AI and building exceptional businesses.

What Happens When Your Investment Philosophy Stops Working?

The Lessons from Terry Smith's Strategic Rethink

How Great Investors Spot Opportunity

What David Samra's latest idea taught me about buying quality when it's out of favour.

The $4.4 Trillion Question

Why the AI investment boom may require 10 million job losses simply to justify the investment

The BYD Problem

What London Tech Week revealed about China's lead, robotaxis and the future of software

The New Computer

Perplexity, Lovable, ElevenLabs and the battle to own the next generation of AI

The $1.75 Trillion Question

What the SpaceX IPO really means for markets

Bubbles, a UK Compounder & Ferrari’s Future

Jeremy Grantham on AI excess, a high quality UK stock on a value rating, and the uncomfortable logic behind the Luce

How to Invest in AI & 19 Quality/Growth Stocks

Tom Slater on Anthropic, SpaceX, founder-led companies and the new “anticipation era”

Buffett vs Son: The Great AI Bet

From asteroid mining to $20m AI salaries, things are starting to sound euphoric

More Gambling Than Ever: What Warren Buffett Didn’t Quite Say

Why the AGM disappointed, why it may not matter & where one seasoned investor is hiding now

Winning Cultures, Brutal Truths

Ken Griffin, Jamie Dimon and Michael O’Leary on what works and what doesn’t

The Market Everyone Has Given Up On

A decade of outflows, record pessimism & why smart money may be starting to move back in

Markets, Myths and a Bizarre $100m Media Deal

From AI exuberance to oil shocks, what my discussion with JP Morgan guru Michael Cembalest reveals about today’s most fragile narratives

Why Most Stocks Fail (And What That Means for Your Portfolio)

100 years of data reveals extreme concentration, negative median returns & a shrinking pool of winners

The Investment Excitement Ratio

A new framework combining valuation, concentration and capex; and why today looks like past manias.