Buy Course
$997.00
INTRODUCTION
Introduction
Own the means of production.
Principles
Own 20-30 first-class businesses that generate cash flow.
MONEY
Functions of Money
Unit of account, medium of exchange, store of value.
Gold & Economic Freedom
In the absence of the gold standard, there is no way to protect savings from confiscation through inflation.
Inflation: Capital Destruction
Theft of real capital.
How Inflation Swindles the Equity Investor
Equity coupons are relatively fixed at 12%.
FINANCE
Core Financial Concepts
The foundations of finance
Capital Formation
The two sources of financing: debt & equity
Compound Interest
The Eighth Wonder of the World
Common Stocks
A First-Class Business
The attributes of a superior company.
How to Make Money Investing
Buy things for less than they’re worth.
Financial Statements
Financial Statements
Statement of Financial Position
Statement of Income
Statement of Cash Flows
Financial Ratios
Financial Statement Analysis
Financial Ratios
Liquidity Ratios
Solvency Ratios
Margins
Return Ratios
Efficiency Ratios
Valuation Ratios
Valuation
Valuation
Valuation is the process of estimating the worth of an asset.
Discounted Cash Flow (DCF) Valuation
DCF values an asset by discounting future cash flows to present value.
Portfolio Management
Portfolio Management
Risk Management
Avoiding catastrophic errors outweighs the pursuit of outsized gains.
Research & Analysis
Research
Company Analysis
Tools
Historical Investments
AAPL (2015)