Apply for The Course How is value created? Do you understand how value is created in an ecosystem of suppliers, competitors and customers? What is the value? Where does it come from? Is it the (cheap and

Apply for The Course Macro 101 While TA tries to analyze and estimate likely price patterns, the study of macroeconomics aims to forecast national economic data like GDP growth Macro analysis should be used with utmost caution,

Apply for The Course Technical Analysis 101 Macroeconomics and Technical Analysis are not decisive factors for a value based investment. However, they can act as a slight help (“tailwind”) or hindrance (“headwind”) The most important takeaway is

Apply for The Course What determines the value of a stock? The stock market is a market place, not a rational academic institution The price of a stock is established at the point where the most eager

Apply for The Course Do I need to own physical gold? Physical gold is mostly only for the ultra rich I advocate keeping about 10% of one’s financial assets in gold and 90% in stocks (or similar

Apply for The Course How should I get exposure to gold? What kinds of gold to hold and in what proportions Don’t hold real gold unless you have more than $5m USD in assets  Holding gold in

Apply for The Course The case for gold in 2024 Excerpt from Grant Williams’ Podcast with Luke Gromen March 2024: The gold price measured in USD just set a new all time record high closing price A

Apply for The Course Portfolio Management​ Creating, managing and optimizing a collection of stocks Don’t try to hit homeruns in hype and hope stocks; focus more on avoiding losers than finding ‘ten-baggers’ for your investment portfolio. The

Apply for The Course Timing investments​ From watchlist to investment The following five tools are useful to help your time your investment: (1) Technical Analysis, (2) Macroeconomics, (3) Long-term Trends & Narratives, (4) Making a Timeline, and

Apply for The Course Durability & Reliability – making more robust forecasts Knowing where to find info, Understanding it, Forecasting based on it Find a couple of stocks First you need to find at least a few

Apply for The Course How do I find new investment ideas? There are plenty of shortcuts to new investment ideas,but you’re still the one who has to make the actual research effort Role models and social media

Apply for The Course Facts and feelings on the stock market The facts are value drivers like sales, profits, assets, or people, number of clients and so on. Real world stuff that is worth something. The feelings

Apply for The Course When to Sell a Stock How do you make the decision to take profits, or cut a loss? Take Amazon and Microsoft as two examples. Amazon crashed by 95% after the millennium stock

Apply for The Course How much stocks should I own at age 37, 40 or 42? A lot more than you might think, around 100% The game is rigged Good question. The short answer is, as always,