Office Hours: 12/19 | Fundamental Edge

Autoplay
Autocomplete

Previous Lesson Complete and Continue

Analyst Academy (December 2024)

Module 1: Fundamental Foundations

Welcome To Fundamental Edge + Live Kick-off Replay (67:12)
The Market Based-Economy & Fundamental Analysis (38:38)
The Myth of Market Efficiency (23:25)
Four Reasons the Markets Are Not Efficient (38:38)
Alpha-Load & The Many Faces of Mispricing (11:35)
A Three-Part Recipe For Well-Practiced Fundamental Analysis (16:42)
Long Short Investing: Ricky Sandler (73:29)
Investing Through Cycles: Howard Marks (79:19)
Credit Investing: Michael Gatto (83:27)
Supplemental Readings
Supplemental Excel

Module 2: Life on the Buyside

The Limited Partner (20:40)
Buy-Side Primer Part 1 (33:42)
Buy-Side Primer Part 2 (29:08)
Buy-Side Primer Part 3 (32:11)
The Role of the Analyst & Buy-Side Mentality (39:27)
Supplemental Readings
Your Market Mindset: Lisa Mogi (89:41)
Anatomy of an A+ Analyst: Alix Pasquet (94:23)
Rise of the Pods (189:31)

Module 3: Thesis Development

Intro (31:12)
Expertise (23:10)
Promising Idea (23:25)
Model Construction (14:51)
Diligence and Valuation (21:30)
Debate and Differentiation (23:58)
Thesis and Presentation (24:25)
Vopak Walk-Through (41:21)
WGO Walk-Through (89:03)

Module 4: Why Stocks move up and down

Equity Price Formation (23:07)
The Business vs The Stock (16:41)
Decomposition of Equity Returns (38:50)
Stock Price Linkage (27:46)
Reasons Why Stocks Have Big Moves and Steep Part of the Curve (32:02)
Making Sense of Macro: Francois Trahan (91:27)

Module 5: Idea Generation

Fishing for Ideas (28:19)
Change and Chaos (16:12)
Pattern Recognition (31:56)
Screening and Selection Framework (13:00)
Thematic Investing (32:59)
Quant Tools for Idea Generation: Rocky Cahan (73:36)
Investing in India: Rishi Dixit (50:30)
Sniff Test (3:36)

Module 6: Buy-Side Modeling

Video and slide presentation (145:50)
Scratch Modeling 101
FX Model
Model Library
Supplemental Reading

Module 7: Analyze a Business

Introduction (33:01)
Reading Stack (17:27)
Quality and Viability (41:23)
Modeling and Analyzing (22:56)
Guided Quick Dive (22:46)
NVDA Guided Quick Dive (145:05)
Applied Alternative Data: Matt Ober (58:06)
Supplemental Readings

Module 8: Industry Coverage

Approaches to Coverage (11:54)
Learning an Industry (48:25)
Maintaining Coverage (22:05)
Winners and Losers (15:07)
Approaches to Field Research: Alix Pasquet (101:43)
Expert Networks 101: Tom Elnick (55:07)
Primer library
Pizza Model
2021 Healthcare Outlook

Module 9: Management & Capital Deployment

Video and slide presentation (96:30)
Andrew Carr: Management (12:36)
Deciphering Stock Based Comp: David Zion (87:02)
Management: The IR Perspective: Aaron Hoffman (81:20)
Supplemental Reading

Module 10: Assessing Expectations

Importance of Expectations (13:04)
How the Bar is Set (20:35)
Price Implied Expectations (27:50)
Buy-Side Whisper (30:36)
Driving Differentiation (9:39)
NFLX model (includes reverse DCF)

Module 11: Applied Valuation

Introduction (17:26)
Academic Foundations (27:31)
Multitude of Multiples (68:32)
Earnings Power (22:57)
Risk Reward (26:03)
Valuation Applied (22:26)
Valuation Mastery: Aswath Damodaran (93:11)
The Value of Growth: Paul Johnson (86:49)
Supplemental Readings

Module 12: Short Selling

Introduction (34:31)
Approaches to Short Selling (17:28)
Short Idea Generation (30:28)
Tactical Considerations (25:34)
Shorting Fraud: Rishi Dixit (54:49)
Activist Short Selling: Freddy Brick (62:20)

Module 13: Earnings Season

Don't Get Married During Earnings Season (2:11)
Earnings Season Introduction Part A (13:05)
Earnings Season Introduction Part B (5:37)
Manage and Monetize (25:09)
Preparation (29:10)
Modeling (31:20)
Execution Part A (23:59)
Execution Part B (19:33)
Andrew Carr: Earnings Season (42:38)
Supplemental Readings

Module 14: Pitch Like a Pro

Wrapping Up (15:48)
Thesis Construction 2A (23:04)
Thesis Construction 2B (14:34)
Pitching a Stock (40:55)
After the Pitch (11:36)
Additionals Materials
Cigna Pitch (19:18)
Sample Pitches with ASU Pitch Competition (73:28)

Module 15: Wrapping Up

Wrapping Up / Intro to PM (86:37)
Introduction to Equity Risk Models: Ben Lieblich (86:47)
Risk Factors, Risk Models: Rich Falk-Wallace (107:06)
30 Years on the Street: Steve Galbraith (92:34)
Consumer Market Neural Investing: Derek Vincent (98:23)
The Limited Partner’s Perspective: Ted Seides (91:26)
Experience From The Trenches: Eduardo Cardoso (64:50)
Supplemental Readings
All Presentations Download

Live Sessions

Zoom Registration Links
Office Hours: 12/10 (64:45)
Office Hours: 12/19 (63:36)

Teach online with

Office Hours: 12/19

Lesson content locked

If you're already enrolled, you'll need to login.

Enroll in Course to Unlock