Markets, explained without the jargon
Daily analysis of what moved and why, and a free library of guides, tutorials and explainers with simulators you can actually play with. No account needed for any of it.
Subscribe by RSSInvesting Basics12
Why Did My Stock Fall When Nothing Bad Happened?
Three of the four common causes have nothing to do with the company. How to tell which one you are looking at, and when a fall is actually information.
Read itHow Does Compounding Actually Work?
Why the last decade of a thirty-year run adds more than the first two combined, and the four things that quietly destroy the effect.
What Is Market Cap, and How Is It Different From Enterprise Value?
Market cap prices the equity; enterprise value prices the business. Two companies with identical market caps can cost wildly different amounts to buy.
What Is a Stock Screener, and What Should You Screen For?
A filter over a database, not a decision engine. Three screens that express an actual thesis, and the five mistakes that make screens useless.
How Do You Read a 13F Filing?
Sort by value, read the top ten, then read the changes, and know which four traps make trackers report trades that never happened.
What Is a Good Dividend Yield?
The bands that mean something, why 8% is usually the market pricing in a cut, and the four checks that tell you whether a payment will survive.
How Often Should You Check Your Portfolio?
Two to four proper reviews a year, and why daily checking measurably lowers returns: the research on myopic loss aversion, and what a review should contain.
How Do You Tell If a Stock Is Overvalued?
Stop reading the P/E and run it backwards: take the price, solve for the growth it implies, and ask whether the company has ever done that.
What Does 'Fair Value' Actually Mean for a Stock?
An argument about a business, not a measurement of one: how fair value is calculated, why two analysts disagree, and what a margin of safety is for.
What Is a 13F Filing, and When Is the Next Deadline?
The one document behind everything the public knows about what famous investors own: what it contains, what it hides, and the next filing date.
How Many Stocks Should You Own?
What professional books actually look like, where diversification stops helping, and the three questions that decide your number better than any rule.
What Is an Economic Moat? The Five Types, and Who Has One
Buffett's castle-and-moat idea made concrete: the five structural advantages, how to recognise each, and the widest-moat companies in our coverage.