The Investor's Guide to Interpreting the Numbers
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Explore other coursesCourse overview
"Accounting is the language of business, and it's an imperfect language, but unless you are willing to put in the effort to learn accounting - how to read and interpret financial statements - you really shouldn't select stocks yourself."
If you don't know how to analyze financial statements, this 3-week course is here to help.
We'll show you how to find, read, and interpret financial statements like a seasoned pro.
These skills will make you a better investor and accelerate your career.
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Intermediate Investors who want to learn how to interpret financial statements like a professional analyst.
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Executives and professionals who want to level-up their financial analysis skills.
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Entrepreneurs who want to see their business through the eyes of an investor.
Analyze financial statements - fast
Learn how to read an income statement, balance sheet, and cash flow statement in minutes to make quick decisions.
Identify Yellow & Red Flags
Spot warning signs in financial statements that can reveal trouble on the horizon.
Calculate & Interpret Ratios
Learn how a few simple calculations will empower you to analyze financial statements in minutes.
Identify Valuation Creation
Some businesses create value as they grow. Others destroy it. We'll teach you how to identify the difference.
Master the Business Growth Cycle
Learn the six stages of the business growth cycle and how to tell which phase a company is in.
Profitability Analysis
Master the differences between Free Cash Flow, Net Income, EBITDA, NOPAT, and Owner Earnings.
Capital Allocation Analysis
A CEO's #1 job is capital allocation. Learn how to use ratios such as Return on Invested Capital (ROIC), Return on Assets (ROA), and Return on Equity (ROE) to ensure they are doing a good job.
Live sessions
Learn directly from Brian Feroldi & Brian Stoffel in a real-time, interactive format.
Lifetime access
Go back to course content and recordings whenever you need to.
Community of peers
Stay accountable and share insights with like-minded professionals.
Certificate of completion
Share your new skills with your employer or on LinkedIn.
Maven Guarantee
This course is backed by the Maven Guarantee. Students are eligible for a full refund up until the halfway point of the course.
📺 How to Analyze Unprofitable Businesses Webinar
📺 Warren Buffett's Rules of Thumb Webinar
Course Overview and Q&A
We'll start by covering the balance sheet in detail. We'll teach you how to analyze it quickly, calculate useful ratios, and practice spotting yellow & red flags.
Balance Sheet - 🔎 Fast Analysis
Income Statement - 🔎 Fast Analysis
Cash Flow Statement - 🔎 Fast Analysis
Boot Camp Review
We kick off week 2 by discussing the six stages of the business growth cycle. We'll cover how to tell which stage a business is currently in and the key metrics in each stage.
Business Cycle - 🔎 Analysis
Next, we'll talk about how to analyze companies that are currently losing money, how they will raise capital, and the key metrics for investors to watch.
Survival 🔎 Analysis
Week 3 starts with a deep dive into the cash dynamics of a business. We'll talk about the importance of the cash conversion cycle and how growth can either create or consume cash.
Cash 🔎 Analysis
No module content yet
We'll next learn how to analyze the financial statements of companies that are growing rapidly but not yet fully optimized for profit.
Operating Leverage 🔎 Analysis
Capital allocation is a CEOs #1 job. We'll show you how to calculate and use advanced metrics like Return on Equity, Return on Assets, and Return on Invested Capital to tell whether or not management is doing a good job.
Capital Allocation 🔎 Analysis
It's time to put your new skills to the test! We'll end the course with a full day of practice. You'll analyze the financial statements from companies in different stages of the business growth cycle and tell us what YOU think.
🎓 Practice & Graduation
Join us for a bonus 1-hour session.
Office Hours: 🗣️ Ask us anything
It's time to put your new skills to the test! Each student will analyze the financials of a company of their choosing. We will review the submissions together and discuss the strengths and weaknesses of several businesses.
♻️ Putting it all together
4-6 hours per week
Monday, Wednesday & Thursdays
12:00 PM - 1:30 PM EST
9:00 AM - 10:30 AM PST
5:00 PM - 6:30 PM GMT
10:30 PM - 12:00 PM IST
Starts March 4, 2024
Mon, Mar 4 - Course Kickoff
Thur, Mar 7 - Financial Statements Bootcamp Review
Mon, Mar 11 - Business Stage
Wed, Mar 13 - Survival
Thur, Mar 14 - Growth
Mon, Mar 18 - Profitability
Wed, Mar 20 - Capital Allocation
Thur, Mar 21 - Graduation
Office Hours
Ask us anything
Stop by and ask us any questions you'd like on Friday, March 15th from 12:00 PM EDT - 1:00 PM EDT.
Helena Wu
Sunny Sharma
Ann Pearsons
Julian Restrepo
Adam Krupa
Ernesto Estigarribia
Money Back Guarantee
If you attend the sessions, actively participate, and still don’t find the course valuable, we’ll happily refund your payment in full. Simply let us know before the end of the 4th class, and we will issue you a full refund, no questions asked.
Author / Financial Educator
Brian Feroldi is a financial educator, author, speaker, and YouTuber. He has an MBA in finance and has been investing since 2004. Brian is the author of the best-selling book, Why Does the Stock Market Go Up?
Brian’s career mission statement is “to spread financial wellness.” He loves to help other people do better with their money, especially their investments. He has written more than 3,000 articles on stocks, investing, and personal finance for the Motley Fool.
Investor / Financial Educator
Brian Stoffel is a teacher at heart. Brian has been investing for more than a decade and he has written more than 4,000 articles for The Motley Fool.
Brian worked as a middle school teacher in Washington, DC for more than 5 years. He and his wife had a "mini-retirement" in Costa Rica and now spent a portion of their year there in a containership home. Brian plans his life and his investments around "antifragile" principles.
Active hands-on learning
This course builds on live workshops and hands-on projects
Interactive and project-based
You’ll be interacting with other learners through breakout rooms and project teams
Learn with a cohort of peers
Join a community of like-minded people who want to learn and grow alongside you
Jessica Ablamsky
Wish Panda
Sharon Tseung
Dhaval Kotecha
Austin Lieberman
Paul Essen