The ModernGraham Academy is a place to learn more about the basics of investing. An emphasis is placed on the methods we employ here at ModernGraham (which are in turn based on our efforts to modernize the teachings of Benjamin Graham).
At this time, seven courses are planned, and we hope to increase the offering over time. Each course will focus on a particular topic and will include 8 weeks of lessons, examples, and practice questions (and answers).
Included here is an outline of all the planned courses and lessons. As the lessons are posted to the site, links will be updated on this page.
- Beginner Courses
- An Introduction to the Balance Sheet
- Week 1: What is it, Why is it important, and Where can it be found?
- Week 2: Current Assets
- Week 3: Non-current Assets
- Week 4: Current Liabilities
- Week 5: Non-current Liabilities
- Week 6: Equity
- Week 7: Key Issues and Review
- Week 8: Final Comments
- An Introduction to the Income Statement
- Week 1: What is it, Why is it important, and Where can it be found?
- Week 2: Profit: Revenue and Cost of Revenue
- Week 3: Expenses
- Week 4: Interest and Taxes
- Week 5: Extraordinary Items and Net Income
- Week 6: Earnings Per Share
- Week 7: Key Issues and Review
- Week 8: Final Comments
- An Introduction to the Balance Sheet
- Advanced Courses
- Analysis of Financial Statements
- Week 1: Introduction to Analysis
- Week 2: Current Ratio and Net Current Assets
- Week 3: Debt
- Week 4: Intangible Assets and Goodwill
- Week 5: Net Income – Keeping it Positive
- Week 6: Net Income Growth
- Week 7: Key Issues and Review
- Week 8: Final Comments
- Screening for the Defensive and Enterprising Investors
- Week 1: Modernizing the screens
- Week 2: Sufficiently Strong Financial Condition
- Week 3: Earnings Stability
- Week 4: Dividend Record
- Week 5: Earnings Growth
- Week 6: Defensive Investor
- Week 7: Finding Suitable Companies
- Week 8: Final Comments
- Advanced Graham Topics
- Week 1: Benjamin Graham and Value Investing History
- Week 2: Net Current Asset Value
- Week 3: Margin of Safety
- Week 4: Mr. Market
- Week 5: Normalizing Earnings
- Week 6: Good Management & Warren Buffett
- Week 7: Dividends
- Week 8: Final Comments
- Analysis of Financial Statements
- Expert Courses
- Valuation Techniques
- Week 1: Why Valuation is Key
- Week 2: Common Techniques
- Week 3: Advanced Techniques
- Week 4: Estimating Growth
- Week 5: Normalizing Earnings
- Week 6: The ModernGraham Formula
- Week 7: Key Issues and Review
- Week 8: Final Comments
- Portfolio Construction
- Week 1: Defensive and Enterprising Investor
- Week 2: A Word on Bonds
- Week 3: Asset Allocation
- Week 4: Implementing Margin of Safety
- Week 5: Reinvesting Dividends
- Week 6: Rebalancing
- Week 7: Psychology of Investing
- Week 8: Final Comments
- Valuation Techniques
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