Mastering the Capital Cycle with AI: A Smarter Framework for Equity Selection and Evaluation

Watch Karem Levent, Director of Sales at AlphaSense for an exclusive MasterClass with Steve Clapham, founder of Behind the Balance Sheet and one of the UK’s leading equity research experts. Unlike traditional approaches that rely heavily on forecasting demand, the capital cycle methodology, as highlighted in the classic book, Capital Account, focuses on the supply side of the equation—a more stable, less risky, and often more revealing indicator of long-term profit potential. This MasterClass is a rare opportunity to learn how to integrate AI into this proven framework to streamline your research process, speed up analysis, and surface high-conviction insights faster than ever. What You’ll Learn: - Assessing Profit Pools Through Supply Trends: Use industry supply dynamics to evaluate the sustainability of profit pools and identify potential inflection points in profitability. - Understanding Asymmetric Risk in Forecasting: Learn why supply forecasts are often more reliable than demand estimates—and how to leverage that edge. - The Supply-Demand Balance as a Pricing Driver: Discover how shifts in supply and demand directly influence pricing power and margins. - Applying the Capital Cycle: From Aviation to Data Centres: Explore practical examples from Steve’s early transport sector coverage and how to apply the framework across industries. - Accelerating Research with AI Integration: See how AI tools like AlphaSense can streamline your research workflow, speed up idea generation, and surface deeper insights. Whether you’re a fundamental investor, sector analyst, or portfolio manager, this MasterClass will equip you with practical tools to sharpen your investment process and uncover long-term winners.