Behind the Balance Sheet

Our objective is to remove some of the mystique around investing and improve our understanding of what makes a successful investment, or indeed an unsuccessful one. We meet leading investors and commentators and educate ourselves not just about the world of investing but also about the world. Our goal is to inform, educate, entertain and make you a better investor. We feature famous guests and some you may not know. But we can learn from them all, whether you are one of our core audience of professional investors, a student looking to enter the industry or a private investor.

#47 The Relentless Improver
May 15, 2025 – 01:24:54
#46 The Numbers Lady
Apr 24, 2025 – 01:01:13
#45 The Chess Master
Mar 20, 2025 – 01:17:06
#44 The Think Tank Manager
Feb 20, 2025 – 01:12:16
#43 The Growth Investor
Jan 23, 2025 – 01:18:47
#42 The Credit Expert
Dec 23, 2024 – 01:15:39
#41 The Composer
Nov 22, 2024 – 01:20:40
#40 The Chronicler
Oct 17, 2024 – 00:56:20
#39 The Optimizer
Sep 19, 2024 – 01:06:20
#38 The Cyclist
Aug 15, 2024 – 01:13:17
#37 The Analyst
Jul 18, 2024 – 00:59:13
#36 The Runner
Jun 20, 2024 – 01:18:25
E3 Carine Smith Ihenacho of Norges Bank IM
May 26, 2024 – 00:48:12
#35 The 100 Bagger Hunter
May 16, 2024 – 00:57:33
#34 The Letter Reader
May 2, 2024 – 01:08:58
#33 The Stoic
Apr 18, 2024 – 00:52:07
E2 Barry Norris explains why offshore wind economics are unsustainable.
Apr 2, 2024 – 00:57:14
#32 The “Do-Gooder”
Mar 21, 2024 – 00:58:41
E1 Emmanuel Lagarrigue explains the opportunity for KKR and private equity in the energy transition
Mar 1, 2024 – 00:53:22
Beyond the Balance Sheet Podcast Trailer
Feb 22, 2024 – 00:05:33
#31 The Justice Warrior
Feb 15, 2024 – 01:04:12
#30 The Japanophile
Jan 18, 2024 – 01:34:23
#29 The Plumber
Dec 14, 2023 – 01:20:41
#28 The Continuous Learner
Nov 16, 2023 – 01:08:51
#27 The Handicapper
Oct 19, 2023 – 01:08:55
#26 The Pragmatist
Sep 21, 2023 – 01:19:17
#25 The Celebrity Investor
Aug 17, 2023 – 01:34:27
#24 The Family Office CIO
Jul 20, 2023 – 01:04:46
#23B The Best Selling Author Part 2
Jun 15, 2023 – 00:44:16
#23A The Best Selling Author Part 1
May 18, 2023 – 00:45:26
#22 The Octogenarian
Apr 20, 2023 – 00:54:32
#21 The Economist
Apr 19, 2023 – 00:58:53
#20 The Data Scientist
Apr 19, 2023 – 00:50:30
#19 The Value Investor
Apr 19, 2023 – 01:10:21
#18 The Distressed Damsel
Dec 30, 2022 – 00:56:10
#17 The Writer
Dec 15, 2022 – 01:16:04
#16 The Podcast Host
Nov 17, 2022 – 01:26:21
#15 The Short Seller
Oct 20, 2022 – 01:28:05
#14 The Coach
Sep 15, 2022 – 01:04:45
#13 The Contrarian
Aug 18, 2022 – 00:56:09
#12 The Value Architect
Jul 21, 2022 – 01:18:40
#11 The Investigator
Jun 16, 2022 – 01:08:32
#10 Mr BRICs
May 19, 2022 – 00:58:31
#9 Two Capital Cyclists
Apr 21, 2022 – 01:18:55
#8 GREED & Fear
Mar 17, 2022 – 01:03:40
#7 A Scotsman and an Englishman
Feb 17, 2022 – 01:26:47
#6 The Existentialist: Hugh Hendry
Jan 20, 2022 – 01:07:46
Bonus Episode - Financial Literacy
Dec 19, 2021 – 00:19:15
#5 The Pianist
Dec 16, 2021 – 01:05:58
#4 The Not Quite Trillion Dollar Man
Nov 17, 2021 – 01:13:38

Recent Reviews

Gnome chopper

Terrific

Beyond excellent podcast with Mario Gabelli. He is a remarkably knowledgeable investor and marketer. Just a fun and extraordinarily edifying podcast! Amazing
Pp0906

Differentiated investment podcast

I’ve been listening to Stephen’s investment podcast for a long time and I look forward to every new episode because his guest seems highly selective and experienced and his questions is very sharp, making the quality of conversation particularly great!
KTrembovolski

Chief Operating Officer

Stephen certainly stands out as one of the most curious and thoughtful individuals in the industry whom I've encountered. For quite some time, I've avidly followed Behind the Balance Sheet, finding it to be one of the most insightful and thought-provoking publications on Financial Services that I'm aware of.
Plhowardct

Excellent podcast on investing…

Very informative. Guests’ insights and answers to questions provide a lot of value for time spent listening. I’m a professional investor and highly recommend to anyone interested in improving their investing IQ. I’ve purchased some of the books recommended in the discussions. Terrific recommendations! Keep up the great work!
tghowell

Insightful

Simply a great investing podcast!
ltomicki

Worth a listen

Steve does a great job interviewing interesting guests. Very informative podcast with guests who are investment industry veterans. Highly recommended
Dreamweave|2

Fantastic, under the radar podcast

Steve interviews many phenomenal investors in a both accessible yet expert manner. Would highly recommend his episodes on short selling and fraud!
cwyman

Great Resource for Learning

I’ve found learning different approaches to investing an important part of personal education. This podcast is one of the best for that.
Dan SS_22

Fantastic/Informative listen

Steve’s podcast is a must-listen for anyone trying to get a leg-up in investing or business in general. I walk away from each episode feeling like an insider in the world of investing due to the depth of conversation with each guest.
BringBackValueInvesting

Much better Investing podcasts out there

Can you bring in real investors talking ideas instead of macro / technical trader nonsense?
MFN Jawa

A Practical Education

All of Steve’s content on his blog, website and YouTube channel is terrific and offers practical knowledge you can use in security analysis. I appreciate his willingness to dig in on a granular level - most people won’t for fear of losing a portion of their audience or confusing them. But Steve respects his readers/listeners and it shows. These podcasts and interviews with the folks he’s worked with or come to know over the years are a great complement to his arsenal of material.
Jbr1111

Insightful and entertaining.

Great interviews so far.
Wicksyy

Excellent

Am truly excellent and very informative podcast that was well chaired with the interviewer (unlike some podcasts) not desperate to hear the sound of his own voice! Look forward to future episodes !