Warren Style
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Warren Style

Learn intrinsic stock valuation through short lessons and game‑like challenges.

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The course path

10 units, 58 lessons. Every unit ends with a unit test and a certificate.

  1. Foundations5 lessons
  2. Income Statement6 lessons
  3. Balance Sheet6 lessons
  4. Cash Flow Statement7 lessons
  5. Linking the Financial Statements4 lessons
  6. Discounted Cash Flow8 lessons
  7. Data Sources5 lessons
  8. Valuation Ratios7 lessons
  9. The Limits of DCF6 lessons
  10. The Capstone: A Full DCF, Start to Finish4 lessons

  11. Capstone certificate

    Issued when you pass the capstone's unit test.

Who you become

Every unit test you pass moves your investor up a rank. The ranks measure what you can reason about, never what you own.

  1. Novice

    Where everyone starts

    You have a newspaper full of tips and no way to check them yet. Every unit you pass gives you a way to judge a figure for yourself.

  2. Statement Reader

    After 1 unit test passed

    You speak the language of the statements: revenue, margins and the time value of money.

  3. Fundamental Analyst

    After 3 unit tests passed

    You connect the balance sheet, the income statement and the cash flows, and trace free cash flow back to its source lines.

  4. Valuer

    After 6 unit tests passed

    You build a DCF, defend every input and cross-check it against the valuation ratios.

  5. Value Investor

    After 9 unit tests passed

    You know when a DCF fits a business and when it does not, and you can defend an estimate of intrinsic value.