The title “The Sculptor” is a play on a quote “every man can be the sculptor of his own mind”, as Jonathan Tepper is uniquely self-educated. Brought up in the slums of San Blas in Madrid, partly home-schooled, he made it to Oxford as a Rhodes scholar. Tepper is a relentless learner, endlessly curious and in love with investing – as he sees it, you never stop learning and every day is an opportunity to learn.

In this episode we discuss his childhood, as recounted in his new book Shooting Up; how curiosity and a desire to learn can transform your opportunity set; and we trace his investment journey, from a start as a junior analyst at Steve Cohen’s firm, through building a highly successful sellside research company to setting up his investment firm Prevatt Capital. He explains why he holds just 16 idiosyncratic stocks and what he looks for in a successful investment. Tepper has had a fascinating journey and has achieved more in just over 40 years than many do in a life of investing – his is a wonderful story.

Behind the Balance Sheet is a forensic accounting and fundamental investing podcast for serious investors. Each episode dives into how 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 show notes, transcripts and additional resources, visit our ⁠⁠website⁠⁠.

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