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The Intelligent Investor Lab

Curriculum

Ten chapters, earned in order

Complete a module with at least 2 of 3 correct plus a written reflection to unlock the next. A 5-question review sits between Modules 4 and 5.

  1. 1

    Investment vs. Speculation

    Analysis, safety of principal, and an adequate return · 12 min

    open
  2. 2

    Mr. Market and Emotional Discipline

    Using price quotes as servants, not masters · 12 min

    locked
  3. 3

    Margin of Safety

    A cushion against error — not an eraser of it · 14 min

    locked
  4. 4

    The Defensive Investor

    Safety and freedom from effort · 12 min

    locked

    Review challenge unlocks after Module 4

  5. 5

    The Enterprising Investor

    Extra return demands extra work — and patience · 13 min

    locked
  6. 6

    Inflation, Real Returns & Bonds

    What your money buys, not what it says · 14 min

    locked
  7. 7

    Analyzing a Business

    Statements, normalized earnings, cash, debt and judgement · 15 min

    locked
  8. 8

    Earnings Quality & Per-Share Metrics

    One-offs, dilution, EPS and P/E · 14 min

    locked
  9. 9

    Management, Shareholder Rights & Fees

    Owners, agents and the cost of advice · 14 min

    locked
  10. 10

    Build Your Process

    Checklists, sizing, selling — and humility about history · 15 min

    locked