{"podcast":{"title":"Behind the Balance Sheet","slug":"behind-the-balance-sheet-4149344","podcast_index_feed_id":4149344,"rss_url":"https://anchor.fm/s/5f616d54/podcast/rss","website_url":"https://www.behindthebalancesheet.com/podcasts","image_url":"https://d3t3ozftmdmh3i.cloudfront.net/production/podcast_uploaded_nologo/15902205/15902205-1655063157556-0a40669aa7a08.jpg","author":"Stephen Clapham's Podcast on Value Investing | Stockmarket Analysis | Equities","episode_count":66,"summary":"We deconstruct the performance of world beating investors. A former Tiger Cub hedge fund partner interviews top hedge fund & long only managers & leading commentators. Past guests include John Armitage, Mario Gabelli & Bill Nygren. We explore how professionals analyse & value businesses, capital cycles, forensic accounting, pick stocks, construct portfolios, generate alpha & manage risk. For private investors, analysts, PMs & students who want serious financial education, sharper investing insights & to master equity research, fundamental analysis & value investing. https://bit.ly/btbspod","last_synced_at":null,"page_url":"https://stenobird.com/podcast/behind-the-balance-sheet-4149344"},"episode":{"title":"#36 The Runner - John Huber on Concentrated Value Investing, Capital Allocation & Revenue Growth Sweet Spots","slug":"36-the-runner-john-huber-on-concentrated-value-investing-capital-allocation-revenue-growth-sweet-spots","published_at":"2024-06-20T04:40:00+00:00","page_url":"https://stenobird.com/podcast/behind-the-balance-sheet-4149344/36-the-runner-john-huber-on-concentrated-value-investing-capital-allocation-revenue-growth-sweet-spots","show_page_url":"https://stenobird.com/podcast/behind-the-balance-sheet-4149344","url":"https://podcasters.spotify.com/pod/show/stephen-clapham1/episodes/36-The-Runner---John-Huber-on-Concentrated-Value-Investing--Capital-Allocation--Revenue-Growth-Sweet-Spots-e2l2vbu","audio_url":"https://anchor.fm/s/5f616d54/podcast/play/88226622/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2024-5-19%2F3d3c9969-fece-f3a6-4f31-2bc4db059824.mp3","summary":"John Huber is an investor with a small fund managing his family assets and outside capital in a concentrated portfolio. John has written an excellent blog, Base Hit Investing, for many years, explaining his investing principles. We discuss these in this episode, including what John looks for in an investment, why he emphasises capital allocation even more today, where he sees the sweet spot in revenue growth, why he likes Alphabet, why he is focused in North American stocks but is now looking at Japan and US small caps and why Floor & Décor is one of his major positions. Show Notes Behind the Balance Sheet is a fundamental investing podcast for serious investors. Each episode dives intohow real‑world investors source ideas, build conviction and manage their portfolios. You’ll hear frameworks for analysing industries, understanding business models, and thinking about risk, behaviour and incentives, so you can refine your own process rather than copy stock tips. For full show notes, transcripts and additional resources, visit our ⁠⁠⁠website⁠⁠⁠ . If you value thoughtful, process-driven investing discussions, follow the show and consider leaving a short review, or just a 5* rating on Spotify or Apple Podcasts. Please help spread the word.","meta_description":"John Huber is an investor with a small fund managing his family assets and outside capital in a concentrated portfolio. John has written an excellent blog…","key_points":[],"chapters":[],"topics":[],"duration_seconds":4705,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/behind-the-balance-sheet-4149344/episodes/36-the-runner-john-huber-on-concentrated-value-investing-capital-allocation-revenue-growth-sweet-spots/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/behind-the-balance-sheet-4149344/36-the-runner-john-huber-on-concentrated-value-investing-capital-allocation-revenue-growth-sweet-spots.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}