Skip to main content

Finance & investing,
learn at your own pace.

Lessons attached to live SEC filings, ten-year financials, and credit data — the same primary sources the professionals read. From understanding what a stock is to reading a 10-K end-to-end. Every lesson is interactive, AI-assisted, and free to start — no account required.

Hit a term you don’t know? Every lesson defines its terms inline; the glossary is the full reference.

Curated journeys

Sequenced paths through the catalog — pick a journey and go.

Understand what your stocks are doing

beginner

First-principles literacy on what a ticker page is showing — price, fundamentals, filings, news.

4 paths · 39 lessons

Reading a 10-K

intermediate

Income statement → balance sheet → cash flow → MD&A → notes → auditor's report. The annual report, demystified.

6 paths · 53 lessons

Build your first portfolio

beginner

Asset allocation, diversification, dollar-cost averaging, and the behavioral guardrails that keep you in the game.

4 paths · 53 lessons

Personal-finance journey

beginner

Foundations → tax basics → retirement vehicles → the bridge from saving to investing.

2 paths · 32 lessons

Reading beyond charts

intermediate

Value investing as a discipline — moats, cash flows, DCF, margin of safety. Treat businesses as businesses, not tickers.

5 paths · 52 lessons

From zero to options

intermediate

Stocks → derivatives basics → Greeks → covered calls → spreads → advanced strategies.

4 paths · 38 lessons

Bonds and credit

intermediate

Yield curve → coupon mechanics → credit risk → BDC structure → distressed and restructuring.

5 paths · 45 lessons

The deal-maker's path

advanced

Valuation → DCF → LBO mechanics → M&A analysis → special situations. The mechanics behind every transaction.

6 paths · 64 lessons
I want to:
Starter courses
No prior knowledge required. Start here if you're new to investing.
13 courses · 178 lessons
Learn diversification, position sizing, and risk management with real data.
01Position Sizing and Rebalancing: Keeping Your Target Weights›
Build a discipline
Assumes familiarity with stocks and basic financial concepts.
18 courses · 156 lessons
Understand how the financial system actually works — from Treasury auctions to repo markets to the mechanics of the 2008 crisis. This path…
Prerequisites: Understanding Bonds and Fixed Income and Stock Market Fundamentals
01Treasury Securities Essentials›02Understanding Yield Curves›03Corporate Bonds & Credit Risk›04Introduction to Derivatives›05Repo Markets & Money Markets›06Mortgage-Backed Securities›
Go deeper
For readers who want to push past the fundamentals into the deep cuts.
10 courses · 101 lessons
The capstone integration layer. Walk through full end-to-end case workflows that fold industry analysis, financial-statement reading,…
Prerequisites: Practitioner Toolkit: From Concept to Thesis, DCF Valuation in Practice, Portfolio Risk Management, and Behavioral Finance: The Investor's Mind
01Full-Case Workflow: From Industry Scan to Sized Position›02Thesis-Drift Checks: Broken Thesis vs Disagreeing Market›03Decision-Quality Logging: The Calibration Loop›04Position-Sizing as Risk Management: Kelly, Fractional Kelly, and the Middle Path›05Exit Discipline: Thesis-Completion vs Thesis-Broken›06Navigation and Wrap-Up: Where to Go From Here›
All courses are free, no account required. Progress and prior attempts are saved locally so you can return where you left off. Some paths include a final review that walks you through the patterns one more time.
Or wander — the Ledge Reads shelf and Investment Lore archive are unstructured reading for between lessons.
See all platform features →