Financial Statements Explained Simply

From Rookie to Pro in 6 Lessons.

Spreading financial wellness to 52k+ YouTube and 336k+ Twitter subscribers
A pattern of wavy dots

Accounting is the language of business, but most professionals can't read financial statements.


This 2-week course will teach you how to find, read, and interpret financial statements like a pro. These skills will make you a better investor and accelerate your career.

See what people are saying about the content from Brian & Brian

        Brian Feroldi has a unique gift for explaining complex subjects in plain English. This course can help anyone to understand how to read and interpret financial statements like a pro even if they never studied accounting before.
Annie Duke
Annie Duke
Author, Speaker, Decision Strategist, and Former Professional Poker Player.
        Brian’s the real deal. From finance to finance writer to finance instructor. You’re lucky to learn from him.
Codie Sanchez
Codie Sanchez
Founder Contrarian Thinking, Investor, Entrepreneur
        Clear, concise, and beautifully structured, this should be a required course for every investor.
Dr. Kiran Philip
Dr. Kiran Philip
Physician / Private Investor
        I found the course to be AMAZING. Worth every dollar. The content was spot on and the way you make complex topics simple is priceless.
Alberto Aguilera
Alberto Aguilera
Cohort 1 Student
        If you are a serious investor you need to be able to read a company's financial statements. Brian Feroldi and Brian Stoffel made it painless and fun.
Oz Miro
Oz Miro
Cohort 1 Student
        I struggled with interpreting financial statements, so this was a solid quick and deep course to get started. I loved it!
Carl Malartre
Carl Malartre
Cohort 1 Student
        This is a course you cannot miss for those looking to pick individual stocks.
Alvin
Alvin
Cohort 1 Student
        "I've met a ton of public markets investors. Every single one of them would benefit from your clear thinking. Well done."
Jim O.
Jim O.
Cohort 1 Student
        I'd certainly recommend the course for anyone looking to establish a basic understanding of financial statements and investment approaches. Both Brians do a great job of covering a lot of content in a short time while being sure to make time for q&A.
Alexander
Alexander
Cohort 1 Student
        Easy to understand, educative and entertaining, and relevant. I found this more useful than some of the online MBA courses I have taken. Highly recommended for those starting to invest their own money and are looking for a quick introduction to financial statements.
Ritwik Rastogi
Ritwik Rastogi
Cohort 1 Student
        Brian Feroldi is a great teacher and he knows financial statements inside and out.
Blake Burge
Blake Burge
Content creator. 230,000+ Twitter followers
        Brian Feroldi is an outstanding financial educator. He not only helps folk understand the fundamental principles of investing, but also demonstrates how to apply these principles to real-life companies. I have no doubt this course will enrich all those who take it.
10-k Diver
10-k Diver
Investor, Financial Educator
        The Brians have a talent for making the complex sound simple when it comes to understanding the world of finance and investing. Their breakdown of the financial statements is so easy to understand that I’ve referred their videos to our Learn Grow Invest community members.
Jermaine McDonald
Jermaine McDonald
Founder Learn Grow Invest
        "The Brians take a refreshingly straightforward approach to market instruction. Their deep knowledge & experience equips them with a unique ability to teach, while their patience enables that teaching to be done in a way that is learnable for all."
Brad Freeman
Brad Freeman
Investor
        I have spent thousands of dollars on courses. Some are good and some are not. Based on my experience, things that matter most in choosing the right course or instructor are a) Knowledge b) Integrity c) Mission /purpose-driven d) Passion for what they do. Both Brian Feroldi and Brian Stoffel fulfill these criteria with maximum points.
Rajeev Aggarwal
Rajeev Aggarwal
Former CNBC Journalist
        Brian Feroldi and Brian Stoffel are knowledgeable investors and amazing teachers who truly understand financial statements.
Jessica Ablamsky
Jessica Ablamsky
Investor
        Feroldi and Stoffel know what they’re doing. I wish they’d invest my money.
John Maxfield
John Maxfield
Investor, Financial Analyst
        Brian is super knowledgeable about stocks and breaks down concepts clearly and simply for anyone to understand.
Sharon Tseung
Sharon Tseung
Investor, Personal Finance Expert
        I don't know of any duo with a more perfect combination of in-depth knowledge of financial statements paired with the ability to explain it in a simple and easy-to-understand way. Brian and Brian are the Yoda and Obi-Wan of financial statements (minus all of that Anakin unpleasantness)."
Paul Essen
Paul Essen
Investor
        Brian Feroldi and Brian Stoffel are the most amazing educators in the financial industry. They can break down the jargon and explain it like you are 5. Not many can do that and I'm thrilled that they're coming up with a course that will help a lot of folks understand how to break down financial statements in a very easily understandable way.
Dhaval Kotecha
Dhaval Kotecha
Investor, Co-Host of Fintwit Summit
        I have followed the Brian’s for years and continue to learn new things from them. They use the perfect blend of academic principles and real-life examples that I can immediately apply to my investment process.
Austin Lieberman
Austin Lieberman
Investor, 35,000+ Twitter followers
        Reading and understanding financial statements are key to becoming a good investor. I cannot think of two better teachers of these important principles than Brian Feroldi and Brian Stoffel, who both have a knack for taking seemingly complex topics and breaking them down into simple, easy-to-understand lessons.
Matt Cochrane
Matt Cochrane
Lead Advisor, 7 Investing
        Brian has been a consistent voice of reason, education, and motivation for me over the past two years both on my timeline and in my Twitter Spaces. His talented approach to investing and teaching makes him a must-follow for anyone looking to build their financial literacy and wealth.
Wolf Financial
Wolf Financial
Goldman Sachs Analyst
        A teacher should never cough what is given in text book he should cook some fiction and convey the concept..... that's exactly what you guys do so perfectly.
Advait Arora
Advait Arora
Investor
        I've learned so much from Brian Feroldi and Brian Stoffel over the years. They are WONDERFUL teachers. I know that their students will get A LOT of value from this course.
Mike Mcmahon
Mike Mcmahon
Investor
        I signed up for your course and can’t wait!
Mo
Mo
YouTube Subscriber
        Only someone like Brian Feroldi can explain these terms in such easy-to-understand English!
ronjonbSaaS
ronjonbSaaS

Who is this course for

01

Investors who want to learn how to analyze a business and manage their own portfolio.

02

Ambitious leaders and professionals who want to advance their careers by gaining fluency in financial statements.

03

Entrepreneurs who want to learn how to see their business through the eyes of an investor.

Key outcomes

Deconstruct financial statements

You'll know what each item represents on an income statement, balance sheet, and cash flow statement — and how they work together.

Locate decisive information

If you just read the news headlines, you'll miss the forces really at play within a company. You'll discover where to look for trusted data that leads to stellar financial decisions.

Justify valuations with data

Is this stock too expensive? Is it cheap? You'll understand the different approaches to valuation and uncover which is the best match for your investing style.

Separate noise from signal

In a sea of numbers, the most difficult thing is knowing which numbers matter and which don't. You'll be able to pick out the key variables that truly matter in the long-run.

Think like Warren Buffett

We'll break down the key numbers & metrics that Warren Buffett focuses on when he is analyzing a business.

Identify Red Flags

Learn how to identify warning signs in financial statements that can reveal trouble on the horizon.

Meet your instructor

Brian Feroldi
Brian Feroldi

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.

Brian Stoffel
Brian Stoffel

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.

Course syllabus

01

Introduction to Financial Statements

A quick overview of the 3 financial statements, why they are useful, what they tell you, and how to find them. We'll also discuss how a business makes money and the differences between GAAP vs. Non-GAAP accounting.

02

Balance Sheets

Seems simple enough: Assets are good; liabilities are bad. Except when those assets are "goodwill". And when those liabilities are "deferred revenue". Then the reverse is true. Sound confusing? Here, you'll learn how to decipher what's on a company's balance sheet -- and what it means for its future.

03

Income statements

Companies want to make profits above all else, right? It's not that simple. Because of odd accounting rules, a company can lose money while still being "profitable". Here, you'll discover what's worth paying attention to -- and what's worth ignoring -- on the income statement.

04

Cash Flow Statements

Lots of companies don't earn a profit, and yet put lots of money in the bank. How is that possible? Cash flow statements ignore most accounting rules and focus on what really matters: cash coming in and going out of the business.

05

Warren Buffett's favorite metrics

We'll walk through Warren Buffett's favorite financial metrics & ratios, what they mean, and how to find them. We'll also talk about yellow & red flags to watch out for.

06

How to value a company

We'll finish with the age-old question: how much is a company worth? We'll discuss the academic way to value a business, simple valuation multiples, and various schools of thought on valuation. There's no one-size-fits-all approach, and you can choose the method that best suits your temperament.

Course schedule

2 weeks, 4 hours each week
  • Sept 12, 2022
    The two-week course kicks off!

    The first Monday is kickoff day. The course runs through Friday, Sept 23 with six total days of instruction.

  • Mondays, Wednesdays, Fridays
    8:00pm - 10:00pm EST

    Sessions are on Monday, Wednesday, and Friday each week.

    Every class will include at least 60 minutes of instruction, plus time for practice and Q&A.

More feedback on Brian & Brian

        You always expound on very complex subjects and make them easy to grasp.
Stanley Oghumu
Stanley Oghumu
YouTube Subscriber
        This is incredibly valuable content. Your videos are part of my lunch hour and it became routine. I really appreciate the work you’re doing demystifying investment without skipping the principles.
John Ostrowski
John Ostrowski
YouTube Subscriber
        If I read the earnings report, I never can figure out what they say. Thanks to both Brian for helping us to learn more every day!!
Vicky Benitez
Vicky Benitez
YouTube subscriber
        Every video from Brian is so smooth and filled with information, thank you!
MichaelAsIn
MichaelAsIn
YouTube Subscriber
        Millions of thanks to both of you for everything! You guys are true to yourself! No unnecessary hype! Appreciate it!
Niraj Pavagadhi
Niraj Pavagadhi
YouTube Subscriber
        It’s incredible to me that with all the investing content out there, that there is so little content going over the fundamentals like this. Keep up the excellent work!
Mark Blank
Mark Blank
YouTube Subscriber

Not sure yet?

Get notifications and discounts on future cohorts. Sign up here.

Learning is better with cohorts

Learning is better with cohorts
Active, not passive

This course focuses on live workshops and hands-on projects

Learn with a cohort of peers

You’ll be learning in public through breakout rooms and an engaged community

Practice the skills

Ensure that lessons have sunk in by practicing the necessary skills and checking for understanding

Frequently Asked Questions

Can I expense this course?
What happens if I can’t make a live session?
I work full-time, what is the expected time commitment?
What’s the refund policy?
What if I don't live in the U.S. Will this course still help me?

Cost

$750 USD