Starter
Personal Finance → Value Investing
A four-phase journey from managing your first paycheck to reading a balance sheet like a business owner. Covers cash-flow mechanics, debt defense, emergency savings, compounding math, and the core intellectual toolkit of Benjamin Graham and Warren Buffett.
Lessons in this course
Work through them in order, or jump to whichever fits where you are. Every lesson is free and saves your progress locally.
- 01The Mechanics of Cash Flow
- 02Debt Defense and Credit Building
- 03Mastering Opportunity Cost
- 04The Time Value of Money
- 05Perpetuities, Gordon Growth, and Uneven NPV
- 06The Math of Compounding
- 07Inflation and the Cost of Holding Cash
- 08Businesses, Not Tickers
- 09Intrinsic Value vs. Price
- 10Margin of Safety
- 11Index Funds as Baseline
- 12Economic Moats
- 13Why Falling Markets Help the Accumulator
- 14Graham's Defensive vs Enterprising Investor
- 15Graham's Quantitative Margin-of-Safety Test
- 16Net-Net Stocks and Cigar-Butt Investing
- 17Catalysts and Asymmetric Payoff Structures
- 18Second-Level Thinking: Reading the Consensus
- 19Rank-Screening on ROIC and Earnings Yield
- 20Buffett-Munger Quality-over-Cheapness Evolution
- 21Diversification: Don't Put All Eggs in One Basket