IIProgram
Investing
From first principles to portfolio construction.
- 201Course
Investing Foundations
The theory that underlies every asset class.
8 lessons·PractitionerFirst principlesInvesting vs. speculatingThe Investment Policy Statement - 202Course
Stocks
Owning fractions of businesses.
12 lessons·PractitionerWhat a share isReading a businessValuationStock selection - 203Course
Bonds
Lending, priced.
9 lessons·PractitionerThe instrumentThe bond marketPortfolio construction - 204Course
ETFs and Index Funds
The vehicle that changed household investing.
6 lessons·PractitionerPassive investing, in principleVehicle mechanicsBuilding the core - 205Course
Mutual Funds
Pooled active management, honestly assessed.
6 lessons·PractitionerThe fundReading the prospectusJudging a manager - 206Course
Real Estate
Owning the land beneath the enterprise.
8 lessons·PractitionerDirect ownershipREITsThe home - 207Course
Retirement
The multi-decade problem of not running out.
9 lessons·PractitionerThe tax-advantaged accountsThe withdrawal problemSocial Security - 208Course
Portfolio Management
The ongoing act of running a portfolio.
8 lessons·ProfessionalAllocationRebalancingMeasurement - 209Course
Behavioral Finance
The distance between the model and the investor.
6 lessons·PractitionerThe catalogue of biasesDesign your defense - 210Course
Macroeconomics for Investors
The economy the portfolio inhabits.
6 lessons·ProfessionalThe cycleMonetary policyFiscal and geopolitical inputs