The Investor's Guide to Interpreting the Numbers

In this course, you’ll learn you how to find, read, and interpret financial statements like a seasoned pro.

If you don't know how to analyze financial statements, this course is here to help.

We'll show you how to find, read, and interpret financial statements like a seasoned pro.

These skills will make you a better investor and accelerate your career.
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This course is for ...

01

Intermediate Investors

Intermediate investors who want to learn how to interpret financial statements like a professional analyst.

02

Executives and Professionals

Executives and Professionals who want to level up their financial analysis skills.

03

Entrepreneurs

Entrepreneurs who want to see their business through the eyes of an investor.

Listen to what our students have to say ...

What you'll get out of this course

Analyze financial statements - fast

You'll learn how different investors think about valuation and uncover your valuation style.

Identify Yellow & Red Flags

You'll master the six stages of the business growth cycle, learn to identify which phase a business is currently in, and know which valuation methods work best in each phase.

Calculate & Interpret Ratios

Practice using the big-picture valuation methods favored by venture capitalists, such as total addressable market & serviceable addressable market.

Identify Valuation Creation

Learn how to calculate common valuation multiples, such as the price-to-earnings ratio, price-to-sales ratio, and price-to-free-cash-flow ratio -- and uncover their limitations.

Master the Business Growth Cycle

Learn how to use a professional investor's favorite tool: the discounted cash flow model. We'll cover what it is, how to use it, and its drawbacks.

Profitability Analysis

You'll learn how to use a valuation method that flips the DCF model on its head by starting with the stock price and solving for expectations.

Capital Allocation Analysis

You'll understand the most common valuation mistakes that investors make -- and how to avoid them.

Meet Your Instructors ...

Brian Feroldi is a financial educator, author, speaker, and YouTuber. He has an MBA in finance and has been investing since 2004. Brian is the author of the best-selling book, Why Does the Stock Market Go Up?

Brian’s career mission statement is “to demystify the stock market.” He loves to help other people do better with their money, especially their investments.

He has written more than 3,000 articles on stocks, investing, and personal finance for the Motley Fool.

He has been featured in:

Brian Stoffel is a teacher at heart. Brian has been investing for more than a decade and he has written more than 4,000 articles for The Motley Fool.

Brian worked as a middle school teacher in Washington DC for more than 5 years. He and his wife had a "mini-retirement" in Costa Rica and now spent a portion of their year there in a containership home.

Brian plans his life and his investments around "antifragile" principles.

He has been featured in:

Course Outline

Part 1: Business Growth Cycle

We kick off week 2 by discussing the six stages of the business growth cycle. We'll cover how to tell which stage a business is currently in and the key metrics in each stage.

Part 2: Survival Analysis

Next, we'll talk about how to analyze companies that are currently losing money, how they will raise capital, and the key metrics for investors to watch.

Part 3: Cash Analysis

Week 3 starts with a deep dive into the cash dynamics of a business. We'll talk about the importance of the cash conversion cycle and how growth can either create or consume cash.

Part 4: Operating Leverage Analysis

We'll next learn how to analyze the financial statements of companies that are growing rapidly but not yet fully optimized for profit.

Part 5: Capital Allocation Analysis

Capital allocation is a CEOs #1 job. We'll show you how to calculate and use advanced metrics like Return on Equity, Return on Assets, and Return on Invested Capital to tell whether or not management is doing a good job.
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Your investment is 100% risk free

If you go through the course for 30 days and still don’t find the course valuable, we’ll happily refund your payment in full. Simply let us know, and we will issue you a speedy refund.

No hassles, no questions asked.

“By far the best investment you can make is in yourself.”

Warren Buffett

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Always remember that

One great insight can make understanding business valuation invaluable.
One piece of knowledge can help you avoid a mistake that could save you thousands in valuation missteps.
One connection with a valuation expert could add invaluable insights to your network.

Frequently Asked Questions

I work full-time. What is the expected time commitment?
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This is up to you. If you are pressed for time, you can get through all of the core lessons in less than 3 hours (or even faster if you watch it at 1.5x speed). If you want to absorb the material more slowly and do all of the practice & homework (which we recommend) it will take you closer to 6-8 hours in total.
How long will I have access to the materials?
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There's no time limit. You'll have access to the course & materials 'forever.'
Can I expense this course?
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It's like that you can! Use this link to make a copy of a template to sent to your employer.
What if I don’t live in the U.S.? Will this course still help me?
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Yes! While the course is taught using U.S. companies, currency, and accounting, valuation tools are useful no matter what currency you use.
What’s the refund policy?
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We offer a 30-day money-back gaurentee. If you buy the course and aren't happy, just email brian@longtermmindset.co within 30 days of purchase and we'll give you a full refund no quesions asked.
What makes Valuation Explained Simply different than other courses?
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The creators of this course have a combined 50 years of investing experience. We've made a ton of valuation mistakes ourselves. We created this course to show beginner and intermediate investors how to avoid the major mistakes that we made. We also taught this course live for 2 years, making countless changes to it along the way. That's how we know this course works. We cut out as much fluff as possible and focus directly on the most useful valuation lessons & frameworks.
What if I have more questions?
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Contact us at brian@longtermmindet.co.

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