{"podcast":{"title":"The Capital Cycle Podcast","slug":"the-capital-cycle-podcast-6980110","podcast_index_feed_id":6980110,"rss_url":"https://feeds.acast.com/public/shows/66acfe26e65b9fd5b02a0fcd","website_url":"https://shows.acast.com/the-capital-cycle-podcast","image_url":"https://assets.pippa.io/shows/cover/1722613243716-91f89545-3b16-4e61-a26a-cecd82ef7497.jpeg","author":"Marathon Asset Management","episode_count":35,"summary":"Edward Chancellor, the distinguished financial historian, author and journalist interviews investors from Marathon Asset Management [Marathon London] about their latest views on the investment landscape. Hosted on Acast. See acast.com/privacy for more information.","last_synced_at":null,"page_url":"https://stenobird.com/podcast/the-capital-cycle-podcast-6980110"},"episode":{"title":"US Small Caps: Margin of Safety","slug":"us-small-caps-margin-of-safety","published_at":"2025-05-30T08:50:00+00:00","page_url":"https://stenobird.com/podcast/the-capital-cycle-podcast-6980110/us-small-caps-margin-of-safety","show_page_url":"https://stenobird.com/podcast/the-capital-cycle-podcast-6980110","url":"https://shows.acast.com/the-capital-cycle-podcast/episodes/us-small-caps-margin-of-safety","audio_url":"https://sphinx.acast.com/p/open/s/66acfe26e65b9fd5b02a0fcd/e/6838c31e964166a365d45457/media.mp3","summary":"The underperformance of smaller capitalisation US stocks leaves valuation multiples at historically high discounts to larger companies. Counter-intuitively, this may reverse in an economic downturn.   Edward Chancellor talks to Tom Wharram, a US analyst at Marathon. For more information, or to access select articles from Marathon’s  Global Investment Review  publications which accompany this podcast series, please visit  www.thecapitalcycle.co.uk Hosted on Acast. See acast.com/privacy for more information.","meta_description":"The underperformance of smaller capitalisation US stocks leaves valuation multiples at historically high discounts to larger companies. Counter-intui…","key_points":[],"chapters":[],"topics":[],"duration_seconds":791,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/the-capital-cycle-podcast-6980110/episodes/us-small-caps-margin-of-safety/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/the-capital-cycle-podcast-6980110/us-small-caps-margin-of-safety.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}