Update on Analyst Course, Part 1

What We do Not want to learn

We want to learn from professionals who are putting their money on the line: Michael Price, Seth Klarman, etc.

You ONLY need to learn two skills:

  1. How to value a company
  2. How to think about prices.

Unfortunately, the devil is in the details and within YOU.

How to value a company: So What’s it worth?

You must learn how businesses allocate capital.

How to think about prices


and

and

How Wall Street Works

Analyzing Management

If you actually studied the above videos, you would find much wisdom.
The good news about the course is that I have ALOT of material, the bad news is that I have ALOT of material to reformat and organize.

Part two will be your suggestions and comments. Thank you for those who have made the effort so far. So keep them coming.

8 responses to “Update on Analyst Course, Part 1

  1. Too much resources but all drive back to the same concepts. Maybe the course can have a technical component – where we improve our analysis of numbers skills and the value investing component.

  2. Many thanks John – you are the best!

  3. Thanks John. You have hit the nail on is head. Maybe another point which can be included in the course could be method of analysis for some key sectors like banks, insurance, Oi and Gas E&P. It could be helpful if we could get sector special books like Sam Walton for retail etc. helps in understanding key points of the sector

  4. John, I am truly grateful for your kindness to share a lot valuable stuff here. As new learner at middle age, they are great help to make my learning journey easier.

    Your idea to build ‘an analyst course’ is believed most beneficial to individual investor like me who are not in the field of professional.
    I would be glad to offer my assistance on this project should you need someone to share the heavy workload.

    The following is my learning focus and method which is intended to lay down good foundation on investing skill and knowledge.

    I pick Warren Buffett as the first investment master to imitate. Reading his letter (‘Complete Buffett Partnership Letters 1957 to 1970’ and ‘Berkshire Hathaway Letters to Shareholders’ ) to understand ‘what actually done by him’ and followed by additional reading (sources: ie csinvesting.com / You Tube / Books such as ‘The Intelligent Investor’, ‘Security Analysis’, ‘BUFFETT The Making of an American capitalist’, ‘ Warren Buffett Speaks-Wit and Wisdom from the World Greatest Investor’, ‘Inside the Investments of Warren Buffett’ and etc ) to understand the rational or whatever be discussed about his action.
    Later put the knowledge into practice and learning from own mistakes.

    Thereafter I would adopt the same learning method on other investment master such as Mohnish Pabrai and Howard Marks.

    The primary intention is to truly understand the investment philosophy behind them by knowing the gap (or difference), if any, between the saying and the action.

    This is just a draft idea and please do feel free to CORRECT me as you like.

  5. Hi John,
    Thanks again for your generosity in running this; let me know if there’s anything I could do to help.

    As for suggestions, I agree with Amit’s comment above. Learning sector-specific accounting/valuation techniques would be of great use.

  6. What I would like to learn is how you think Joel Greenblatt would evaluate a certain company. I have read the notes from his classes (thanks) and it would be very useful to see it explained and demonstrated in a real example by someone like you. Step by step.

  7. Anthony Romano

    Hi John,

    Thanks for sharing so much great information. I have been learning a lot about value investing from this blog and all the great resources available.

    In additional to all the valuable information you post, I was wondering if you have material about technical analysis… perhaps some financial modeling for value investors using excel and so on. I think some investor can always benefit from others that have mastered the technical aspect of valuations and determining a range of prices to buy a stock.

    Thanks again for sharing so much information.

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