What is value? Why do humans pay for some things, and not for other? What motivates us? What is a good investor?
This first chapter is my favorite, there is no such thing as “investing” without a clear purpose of why we would try to do such a thing. This chapter dives deep into the mental framework a value investor needs to have, based on the Bogglehead handbook, my favorite investors tips (Buffet, Burry), mixed with a little bit of my secret sauce: pessimistic real politic and my data-driven business strategy knowledge, nurtured by my own investing experience. We will talk about biology, history, and sociology to be able to have a clear picture of what value is,and what should we try to do to make it work in our favor.
A particular financial product, company, or industry, don’t operate in a vacuum. The countries that benefit or suffer from it’s existence, and there respective economical and military power, (in terms of both their societies and governments), the legal framework, everything, will be able to affect how those opportunities evolve. You see, a countries economy will have significal effects in the investment,saving and consuming possibilities of it’s citizens, and it’s sociological values and well being will affect it’s motivations. Understanding how a country is performing in all this areas will be the first key to being able to analyze the value of an opportunity. In this chapter we will learn how to diagnose how a particular country is doing, it’s strenghts, weaknesses, threats and opportunities. What metrics to check, what sources to read, etc. This will give you enough knowledge to start investing in currencies and treasury bonds.
Now we start to get more in depth into actual opportunities, we learn hear how to research any particular industry to start getting a grasph of it’s future, opportunities and threats, by understanding countries situations. We learn about different finantial products we can use to start investing directly in specific industries, some metrics and indicators. After this chapter you will have knowledge to diagnose the value of specific industrias and their long term tendencie, all the knowledge you will need to start investing in ETF and Index funds.
Here we get into the final level of analysis, down to the companies in specific industries, and their teams. We will learn what makes a business successful, how competitive advantages are made, and which ones we should look for. We will also learn all classic fundamental analysis metrics and ratios used to diagnose the solvency and financial situation of any company, plus some secret tricks I have found while investing myself. We will also teach you how to combine this analysis with the ones mentioned in previous chapters.
More of a hands-on chapter, giving you a comprehensive list of the different financial products you can get yourself, and what the process of doing so would look like. I’ll give you tips and tricks on how to work every one of them, and tools that you can check out to start your journey.
This one is a little bit of an extra value, I have had pretty decent experience investing in real estate and since you are already paying for this course, I thought I would teach you everything I know about the subject. I think is one of the most classic ways of investing and it can be pretty useful to learn it from a practical and risk-aversive perspective like the one I can offer. Real estate can be quite a risky endeavor and I’m pretty conservative in my risk estimations, I can help you avoid a scare or two.
© copyright mathforbusiness.com
Nope, no high-tech here. This is a business course with a little bit of math, just enough to help you start long-term investing.
Nope, I’m going to teach you all you need, from scratch.
No! never! , you will never see that money back !
Just kidding, of course! you have a 30 day refund guarantee, no questions asked.
I might ask you for some feedback though, I personally recommend you to try and take advantage of the mentoring sessions before refunding, that way you can help me improve too! :), if even after talking one on one with me you still don’t find your money’s worth, that’s totally fine.
If you don’t want to meet and just want your money back, no questions asked, that’s fine too.
The reason is that financial markets are one of the most chaotic systems you could try to analyze, and, sadly not all of the information in the market that is critical for proper prediction is available. Because of this, no one has been able to consistently outperform the market without any mistakes made along the way, and no one, when they have been right, has been able to formalize exactly how the obtained level of success was achieved.
You can estimate that a particular market or financial product is going to thrive, or it’s full of crap, but you can’t do it to a point where you can pinpoint when its fundamental value will show, or when the bubble will burst. I believe timing the market is impossible, and that’s because there is always the possibility there is a variable you don’t know or a sudden change.
Essentially, it would feel very unethical on my part to claim to know everything you need to effectively diagnose the value of an opportunity. I believe not even Warren Buffet would claim that.
Even so, I do feel confident that I can teach you how to find and look at a very big part of the picture, with the idea of reducing your risk as much as possible. As a quantitative data-driven businessman and data scientist, I have good confidence in understanding what variables make business work. The question is how we can obtain that information ( or proxies of them) for the particular opportunity we are diagnosing. It’s not always possible to do so.
It’s a lot more achievable to know that a particular market will thrive or crumble in a 5-10 or 10-20 year span, that claiming that a particular market will crash or thrive in less than 6 months. I’m going to teach you everything I know about the former.
The main reason this course is so economic is that sadly there is no way in the short term to prove to you that my knowledge graph is complete, it might be years after using what I teach you before you might get results. I’m not even certain that I know everything there is to know about the Issue (And frankly, you should not trust anyone that claims they do). I do believe I know a lot and that that knowledge will help you.
That is a no, in the course, I dive deep into how geopolitical conflicts and countries use growth as a way to maintain their positions in the violence market, and how violence in exchange (and the existence of monopolies and oligopolies of it) allow for commerce and economy to thrive in the first place.
In my opinion, currencies are not trusted because societies trust them, it’s because societies trust the governments that issue them. Currencies are the physical representation of the backing of legal systems in transactions, and their capabilities to be enforced. Its adoption, represents the government’s power.
The ties of the currency to its legal system, and that legal system’s executive power (military) is what make the currency something more than wet paper.
Crypto enthusiasts miss the mark entirely on this issue in my opinion (they are usually anarchists, philosophers, and libertarians that don’t like to talk about violence like it doesn’t exist and a world without it is possible). I see myself as a realist and a pessimist, and a very conservative investor, so no such mindset can be expected from me.
No time is dedicated to that particular type of asset in this course. I hope, rather, I will teach you a way of thinking and research that will allow you to diagnose yourself if crypto might have good fundamental value or not.
It could be an interesting speculative tool part of your short-term trading strategy, but I don’t dive into technical analysis for day trading in this course. I’m not a fan.
Nope as it is usually taught. People that talk about trading usually refer to short-term or even day trading. Buying a stock and selling it in 12 years can be considered trading and that’s what I teach here, for example. But if you think trading as short-term, I don’t do trading. I don’t run get rich quick scams. Analyzing markets is difficult and the ones that beat them (or rather, surf them) consistently take their time in doing so and waiting to obtain their results. It is also risky and never truly risk-free. I’m going to help you reduce that risk to the minimum.
Stefano Benco, founder of mathforbusiness.com
Hi, my name is Stefano Benco, businessman, data scientist, beach lover and Hawaiian shirt collector. As of now, I have been working for more than 5 years as a data and tech consultant for multiple agencies and international clients, and also participated in my own private investments in both stocks and real-estate.
I’m a businessman that got into the data industry to make money and make any project I’m in, find competitive unfair advantages. Along the way, I fell in love with math and tech.
I think of myself as the best bridge between the business and the data world you will ever find, as I know first-hand what is the important things to learn and what is the bull. I will teach you everything you might not know, and that you actually need, and skip the useless details.
Working as a data consultant,I have been able to witness the keys of success for companies both big and small, and as an investor, I have had my fair share of screw-ups.
My best investments have been by far, those where I applied fundamental analysis and were focused on the long-term.
I hope that not only will I be able to teach you what you want to know, but also, help you fall in love with this beautiful industry and the science behind it.