Here are the most important topics that we cover in the Workshop:
1. Introduction: My Experience with Investing’s Truth
- Key lessons I’ve learned over 15+ years of investing
- Factors that drive stock market returns (they are not what you think)
- Three fundamental forces of stock market investing
- Investment success – Luck or skill?
- Compounding and how most investors ignore its potent power
- Value investing – Evolution from Graham to Buffett
2. Business Analysis
- How to generate stock ideas – Process and structure
- Stock selection framework
- Screening for high-quality businesses
- Circle of competence – What you don’t know matters more
- Most important questions to understand a business
- Economic moats – Concept, components, examples
- Profitable growth equals wealth creation – Proof
- My experience with high quality businesses
- When to sell a stock – Rules of selling
3. Financial Statements Analysis
- How to read annual reports
- Analyzing financial statements – What numbers tell you
- Assessing management quality – How numbers help
- When earnings growth is a terrible idea
- Five minute test of annual reports
4. Intrinsic Valuation
- Understanding value, and why not everything can be valued
- DCF – Calculation process, do’s and don’ts
- Few other simple valuation methods
- Margin of safety – Key ideas and sources of margin of safety
5. Learning the Art of Elementary Worldly Wisdom
- Greatest enemy of knowledge, and how to avoid it
- How to survive the disruptive economy
- How to mould your plastic brain
- Knowledge – Depth vs breadth
- Your biggest, real edge
- The ultimate goal