Reviews
What students say about the course:

CFA | Candidate for Masters in Finance | London Business School

Also from Pavel:

CFA | Candidate for Masters in Finance | London Business School

Thank you very much for this course. I read the material in loops and must say that this is the absolute best course I have ever taken! If there are follow-up/further education courses I am very interested in taking them.
The course has contributed to my being part of the S&P Academy (Financial Advisor Trainee). In my interview and resume I told them I had attended, so the course has given me great value.

I have gained a much greater understanding of fundamental analysis and received many good and interesting tips.
I liked the insights on how to analyze a company’s sustainability around growth, demand or other sustainable key variables. Overall, the course was consistently to the point and gave a new and in-depth perspective on valuation in many aspects. In particular, the course hammers in the connection between intrinsic value and share price. Furthermore, the discussion about the discount rate was presented with a new perspective from an investor’s perspective – to apply the required return you want, and not necessarily the theoretically correct WACC.
It was a fun course with a lot of useful information that I will benefit from in my future life when investing in stocks. The best thing was that nothing was unnecessary or redundant.
What have I learned? It is a long list. But above all, I have been given a structure that I can use to make analyses and forecasts. Now I spend 30 minutes a day on my own analysis instead of aimlessly reading other people’s tips and analyses as before.
I have actually already had time for my first exit, which was good thanks to what I learned in the course. My forecast was exactly right, except that it went faster than I had expected. A little luck maybe, but you should have that too.
Thank you for the feedback I received, which I will use for my future analyses. I did not know much about stocks and business analysis prior to attending the course. (I have previously invested passively into funds without doing my own analysis or stock-picking). I would like to thank you for the lessons learned and your commitment. I really felt that you care about everyone understanding and that you are always willing to help. I learned things that help me today, even in my profession.
Greetings from Germany! I have invested for about five years now and study economics parallel to my main job. The course was a lot of work but good to understand with lots of learnings for me. The +300 resource database is amazing as well.
I liked the first parts of the course the best. They raised questions I had thought about myself and inspired me to try to find more information. Other good things were: How to approach an annual report in a structured way, how to interpret financial ratios, and to calculate different return rates for future periods. Also that it is important to distinguish between profit and cash flows. And much more…
Mikael’s personal insights and thoughts were the best. The course material and structure worked well. The two main things I learned from the course were how to do a cash flow analysis and keep an investment journal.
Everything was completely new to me. As a beginner, it was important for me to learn how to identify different competitive advantages, as well as the basics of different sectors and industries. This course has been a great starting point for me to learn the basic characteristics that make a company worth investing in.
I hope you continue with The Investing Course for many more years, I think it was fantastic. It has helped me immensely both privately (investments) and in my daily work!
Now that I have learned fundamental analysis and value investing, I realize how little I knew before about stocks, but that makes me more motivated than ever to keep reading/practicing/applying the knowledge I have acquired to convert it into my own approach for analyzing stocks.
I have also started applying this knowledge for the strategies in my own business to create a stronger company value.