Learn to read
the business.
A complete course, free guides, and 65 market terms explained in plain English. Start anywhere.
The course · members
Fundamental research, from the ground up
Go from your first company filing to a finished research memo. Every chapter has animated explainers, a worked example, and an assignment on a real company.
- 40 chapters
- 12 modules
- 12+ hours
- 01Foundations3 chapters
- 02Finding the evidence3 chapters
- 03The income statement3 chapters
- 04Balance sheet and cash3 chapters
- 05Quality and obligations3 chapters
- 06Business economics4 chapters
- 07Moats and management2 chapters
- 08Capital allocation and shares4 chapters
- 09Valuation basics4 chapters
- 10Valuation models4 chapters
- 11Following the business4 chapters
- 12Decisions and the memo3 chapters
Watch an idea click.
Every chapter explains its key ideas with scenes like this one, from chapter 1.
Watch it work
Same business, different price, different bet
Earnings per share$1.20
×Price / earnings10×
=Share price$12
Free to read today.
No account needed.
Free guideHow to research a stock pickA filing-first checklist for testing a thesis, its risks, and the price you pay.Free guideHow AI spending moves through the economyFollow the money from data centers to power, financing, and the indicators to watch.Free toolsCalculators and scenario modelsTest your own assumptions with the same models the course uses.
The glossary.
65 terms, each explained in plain English with an example.
Economics 7
Equities 12
Macro 18
Options & Derivatives 6
Portfolio 11
The term is free. The call is membership.
The glossary is the vocabulary. Members get the monthly thesis that uses it: what changed, who could benefit, and what would prove the view wrong. $39/month or $249/year.
Members-only research
$39/mo or $249/yr · cancel future renewals anytime · sources included