Invest in Stocks Like a Pro Investor by a Pro Investor
What you’ll learn
Learn how to pick stocks by using easy to understand methodologies that professional investors at the top hedge funds and mutual funds use.
How to come up with mutual fund investment ideas (longs – meaning buys) using an easy to understand top down and bottoms up research process.
How to come up with hedge fund investment ideas (longs and shorts) using an easy to understand top down and bottoms up research process.
Use templates and helpful methodologies created by Professor Haroun when he worked in the hedge fund industry to help you get a job, get promoted and pick stocks. The templates are all included in the course as well as Professor Haroun’s easy to understand 8 step investment framework process.
Identify crucial catalysts (timed events) in order to know when the optimal time is to buy or short a stock.
Know exactly what a hedge fund is, the different hedge fund strategies, what it is like to work at a hedge fund, the pros and cons of working at a hedge fund, what shorting a stock really means, how hedge funds are structured and the who/what/where/why/when/how of the top hedge funds.
Know exactly what a mutual fund is, the different mutual fund strategies, what it is like to work at a mutual fund, the pros and cons of working at a mutual fund, how mutual funds are structured and the who/what/where/why/when/how of the top mutual funds.
Choose what buy side job you are most passionate about (mutual funds or hedge funds).
Understand how investment banks (the ‘Sell Side’) can help you be more successful in a hedge fund or mutual fund career.
Create easy to understand 1 page templates on why a stock is a buy or a short that you can use to help you come up with investment ideas. You can also impress your boss, clients, colleagues and potential clients or potential boss!
Analyze and understand an income statement (even if you have no experience with income statements).
Analyze and understand a balance sheet (even if you have no experience with balance sheets).
Analyze and understand a cash flow statement (even if you have no experience with cash flow statements).
We will do an extremely in depth professional investment analysis of LinkedIn using the investment methodologies used in this course (you will also have many exercises to complete that will help you understand modeling, financial statements and how to value companies).
Understand and use modeling best practices so you can create financial models.
Know where to get data in order to build a financial model (in depth understanding of identifying and using/navigating the best free websites and sources to build your financial model)!
Create a financial model (projecting the future) for an income statement.
Create a financial model (projecting the future) for a balance sheet.
Create a financial model (projecting the future) for a cash flow statement.
Understand valuation best practices so you can create target prices based on your financial models.
How to use Discounted Cash Flow (DCF) and how to create the Weighted Average Cost of Capital and Terminal values in order to pick target prices.
How to use P/E in order to pick target prices.
How to use P/R in order to pick target prices.
Other valuation methodologies, including EV/Sales, EV/EBITDA, P/B, EV/FCF, etc.
Come up with a target price based on an average of several different valuation methodologies.
Know the differences with how hedge funds and mutual funds value and model companies.
Analyze the total addressable market for a company you are doing research on.
Analyze financial statements using profitability ratios: Gross Margin (Cost of Goods Sold / Revenue), Operating Margin (EBITDA/ Revenue), Net Profit Margin (Net Income / Revenue), Return on Assets (Net Income / Assets) and Return on Equity (Net Income / Equity).
Analyze financial statements using debt and inventory formulas: Debt to Assets (Total Liabilities/ Total Assets), Debt to Equity (Total Liabilities/ Total Equity), Interest Coverage Ratio (EBITDA / Interest) and Inventory Days on Hand (Inventory / Cost of Good Sold) * 365.
Analyze and compare companies using the following formulas: Price / Earnings, PEG (P/E / Growth), Price / Revenue, EV/EBITDA, EV/Sales, Price/Free Cash Flow and Price / Book.
How to interview management teams and tell if they are lying (based on training I received from 25 year CIA and FBI veterans).
How to keep you and your family safe by discussing important compliance rules in the mutual fund and hedge fund industry.
How to ace the mutual fund interview so you can get hired.
How to ace the hedge fund interview so you can get hired.
How to keep your boss happy at a hedge fund so you have a much better chance of getting promoted.
How to keep your boss happy at a mutual fund so you have a much better chance of getting promoted.
Politics to be aware of at a hedge fund.
Politics to be aware of at a mutual fund.
Excellent tips/secrets on how to get promoted at a hedge fund.
Excellent tips/secrets on how to get promoted at a mutual fund.
What is the role of a successful portfolio manager at a hedge fund?
What is the role of a successful portfolio manager at a mutual fund?
You don’t need to have any stock picking or any accounting or any finance experience as we will cover all of the concepts from scratch. A requirement is that you have access to and a very basic understanding of how to use Microsoft Excel as we will use Microsoft Excel in the course as we will be analyzing and creating a Balance Sheet, Income Statement and Cash Flow Statement. We will also learn how to create the following from scratch using Microsoft Excel: financial models so we can come up with target prices using Discounted Cash Flow, the Weighted Average Cost of Capital, Price to Earnings, Price to Revenue, etc. – again all from scratch (assuming you have no or some accounting/finance knowledge).
** ACCORDING TO BUSINESS INSIDER: “Haroun is one of the highest rated professors on Udemy, so you can expect to be in good hands through the course of your education.” ** He is the author of the best selling business course on Udemy this year called ‘An Entire MBA in 1 Course’There are 100 lessons in this course to help you understand how to pick stocks like professional investors do at mutual funds and hedge funds (even if you have no stock picking, accounting or finance experience)! Also, if you want to work or be successful at a hedge fund or at a mutual fund, this course will tell you how to get a job, get promoted and how to excel at mutual funds and hedge funds. Professor Chris Haroun has been profiled in Forbes Magazine and Business Insider and has raised and managed over $1bn in his finance career. He loves teaching students about real world practical concepts with no theory. Professor Haroun has more than 20 years of finance analyst experience in several different finance sectors, including 5 years at Goldman Sachs, 8 years in the hedge fund industry at firms that include hedge fund giant Citadel and his own firm, 7 years in the venture capital industry (a venture firm he started had a private investment years ago in Facebook) and 4 years in the finance/tech industry at Accenture where he worked on the merger of Bank of America and Nations Bank as well as setting up an offshore bank for the Canadian Imperial Bank of Commerce. His finance work experience has been all over the world in countries that include the United States, England, Scotland, Canada, Japan, China, India and France. He has taught students in more that 160 countries and he is a well known business author of many books. His popular business book: ‘101 Crucial Lessons They Don’t Teach You in Business School’ was written up in Forbes Magazine as “1 of 6 books that all entrepreneurs need to read right now.” Professor Haroun also has an MBA from Columbia University where he majored in Finance. After taking this course, students should be able to understand how to pick stocks like a professional investor at a mutual fund or hedge fund as well as how to get a job, get promoted and how to excel at mutual funds and hedge funds.
Section 1: Introduction and What is the Buy Side (Meaning Hedge Funds or Mutual Funds)?
Lecture 1 Thank You Message from Chris
Lecture 2 Course Introduction & Who is this Course For?
Lecture 3 What is the Relationship Between the Buy Side and the Sell Side?
Lecture 4 Practice Activity: Decide What Buy Side Role You Are Most Passionate About
Lecture 5 Practice Activity Results Analysis: Congratulations!
Lecture 6 How to Ask me Questions in the course and on my Weekly Webcast (Includes Zoom)
Section 2: Hedge Funds Overview
Lecture 7 Hedge Funds Introduction
Lecture 8 A Day in the Life of a Hedge Fund Analyst
Lecture 9 Pros and Cons of Working at a Hedge Fund
Lecture 10 Other Hedge Fund Strategies (Event Driven, Computer Trading etc.)
Section 3: Mutual Funds Overview
Lecture 11 Mutual Funds Introduction
Lecture 12 A Day in the Life of a Mutual Fund Analyst
Lecture 13 Pros and Cons of Working at a Mutual Fund
Section 4: What is a Buy Side Research Process?
Lecture 14 Research Process Introduction
Lecture 15 8 Step Research Process
Lecture 16 Completing an Investment Idea Template
Lecture 17 Differences Between the Research Process at a Hedge Fund and at a Mutual Fun
Section 5: Catalysts
Lecture 18 What is an Investment Catalyst and Why is it Important?
Lecture 19 Catalysts for Hedge Funds
Lecture 20 Catalysts for Mutual Funds
Section 6: Coming Up with Hedge Fund Investment Ideas
Lecture 21 Introduction to Coming Up with Hedge Fund Long (Buy) and Short Ideas.
Lecture 22 Top Down Versus Bottoms Up Hedge Fund Investment Ideas & Themes
Lecture 23 How to Create and Pitch Hedge Fund Long Ideas
Lecture 24 How to Create and Pitch Hedge Fund Short Ideas + Exercise
Lecture 25 Analyzing Technicals and Stop Losses
Lecture 26 Hedge Fund Idea Templates (Use these to impress your boss or potential boss)
Section 7: Coming Up with Mutual Fund Investment Ideas
Lecture 27 Introduction to Coming Up with Mutual Fund Long (Buy) Ideas.
Lecture 28 How to Create and Pitch Mutual Fund Long (Buy) Ideas
Lecture 29 Long Only Mutual Fund Template (Use this to Impress your Boss/Potential Boss)
Section 8: Accounting Part 1 of 3: Income Statement Analysis
Lecture 30 Why is the Income Statement Important & How Can It Help You Achieve Your Goals
Lecture 31 Income Statement Explanation
Lecture 32 Income Statement Example and Analysis
Lecture 33 Income Statement Analysis Exercise
Lecture 34 Income Statement Analysis Exercise Answers Explanations
Section 9: Accounting Part 2 of 3: Balance Sheet Analysis
Lecture 35 Why is the Balance Sheet Important & How Can It Help You Achieve Your Goals
Lecture 36 Balance Sheet Explanation
Lecture 37 Balance Sheet Example and Analysis
Lecture 38 Balance Sheet Analysis Exercise
Lecture 39 Balance Sheet Analysis Exercise Answer Explanations
Section 10: Accounting Part 3 of 3: Cash Flow Statement Analysis
Lecture 40 Why is the Cash Flow Statement Important+How Can It Help You Achieve Your Goals
Lecture 41 Cash Flow Statement Explanation
Lecture 42 Cash Flow Statement Example and Analysis
Lecture 43 Cash Flow Statement Analysis Exercise
Lecture 44 Cash Flow Statement Analysis Exercise Answer Explanations
Lecture 45 Financial Statement Analysis Conclusion (How All 3 Statements Are Related)
Section 11: Financial Modeling Part 1 of 4: Introduction and Best Practices
Lecture 46 Why is Financial Modeling Important & How Can It Help You Achieve Your Goals
Lecture 47 Financial Modeling Best Practices
Section 12: Financial Modeling Part 2 of 4: Where Do I Get Historical Data From?
Lecture 48 Why is Investor Relations+SEC.Gov Important & How Can It Help Me Build Models?
Lecture 49 Introduction to Investor Relations (A Great Model Data Source)
Lecture 50 Introduction to SEC.gov (Another Great Model Data Source)
Lecture 51 Yahoo Finance (Another Great Model Data Source)
Lecture 52 What is the Quarterly Earnings Call & Why Is It Important for Modeling Purposes?
Section 13: Financial Modeling Part 3 of 4: Case Study: Building a Model for LinkedIn
Lecture 53 Case Study Introduction and What You Will Learn in this Section
Lecture 54 Qualitative Analysis on LinkedIn (Also..Please Be Mindful of Compliance Rules)
Lecture 55 What is the Total Addressable Market for LinkedIn and Why is this Important?
Lecture 56 LinkedIn Model Introduction
Lecture 57 LinkedIn Model Discussion in More Detail (Historical Data Only)
Lecture 58 Forecasting the LinkedIn Model
Section 14: Financial Modeling Part 4 of 4: Financial Model Exercise
Lecture 59 Financial Modeling Exercises Introduction
Lecture 60 Financial Modeling Exercise
Lecture 61 Modeling Exercise Answer Explanations
Section 15: Valuation Part 1 of 6: Introduction and Best Practices
Lecture 62 Introduction to Valuation
Lecture 63 More Detail on Growth Versus Value and P/E + P/R + DCF Overview
Lecture 64 25 Valuation and Modeling Best Practices
Section 16: Valuation Part 2 of 6: Discounted Cash Flow (DCF)
Lecture 65 What is DCF, Why is it Important and How Does it Work?
Lecture 66 Calculating the Terminal Value
Lecture 67 Calculating the Weighted Average Cost of Capital (WACC)
Lecture 68 DCF Example
Lecture 69 DCF Exercise
Lecture 70 DCF Exercise Answer Explanations Part 1 of 2
Lecture 71 DCF Exercise Answer Explanations Part 2 of 2
Section 17: Valuation Part 3 of 6: Price to Revenue
Lecture 72 What is Price / Revenue and Why Do We Need to Base a Target Price on this Ratio?
Lecture 73 Price to Revenue Example
Lecture 74 Price to Revenue Valuation Exercise
Lecture 75 Price to Revenue Exercise Answer Explanations
Section 18: Valuation Part 4 of 6: Price to Earnings & Additional Valuation Methodologies
Lecture 76 Introduction to P/E and Why it Matters
Lecture 77 Price to Earnings Example
Lecture 78 Price to Earnings Valuation Exercise
Lecture 79 Price to Earnings Exercise Answer Explanations
Lecture 80 Additional Valuation Methodologies
Section 19: Valuation Part 5 of 6: Final Target Price Calculation & “TAM Sanity Check”
Lecture 81 Our Final Price Target Calculation
Lecture 82 Using the TAM to Verify How Realistic Our Target Price Is
Section 20: Valuation Part 6 of 6: Differences in How Hedge & Mutual Funds Model & Value
Lecture 83 How Hedge Funds Create Financial Models and Target Prices
Lecture 84 How Mutual Funds Create Financial Models and Target Prices
Section 21: Assessing Financials with Formulas
Lecture 85 Introduction to Formulas
Lecture 86 Amazing Formulas to Assess Financials
Lecture 87 Exercise on Using Formulas
Lecture 88 Discussion of the Answers to the Formulas Exercise
Section 22: Interviewing Management & Additional Compliance Topics
Lecture 89 Interviewing Management as Part of the Investment Research Process
Lecture 90 Important Compliance Topics
Section 23: Buy Side Interview
Lecture 91 Getting Hired as a Mutual Fund Analyst
Lecture 92 Getting Hired as a Hedge Fund Analyst
Lecture 93 Interview Tips: Especially if You Have No Idea How to Answer a Question
Section 24: Keeping Your Boss (the Portfolio Manager) Happy at a Hedge Fund
Lecture 94 How to Manage Up (Yep – Your Boss Who is the Portfolio Manager)
Lecture 95 Politics in Hedge Funds to Be Aware of
Section 25: Keeping Your Boss (the Portfolio Manager) Happy at a Mutual Fund
Lecture 96 How to Manage Up (Yep – Your Boss Who is the Portfolio Manager)
Lecture 97 Politics in Mutual Funds to Be Aware of
Section 26: Getting Promoted from Analyst to Portfolio Manager at a Hedge fund
Lecture 98 What is the Role of a Hedge Fund Portfolio Manager?
Lecture 99 How to Get Promoted from Analyst to Portfolio Manager Part 1 of 2
Lecture 100 How to Get Promoted from Analyst to Portfolio Manager Part 2 of 2
Section 27: Getting Promoted from Analyst to Portfolio Manager at a Mutual Fund
Lecture 101 What is the Role of a Mutual Fund Portfolio Manager?
Lecture 102 How to Get Promoted from Analyst to Portfolio Manager at a Mutual Fund
Section 28: Bonus Materials
Lecture 103 Bonus Items
Anyone interested in learning how to pick stocks the easy way – like the pros do (assuming you have no finance and accounting background. You will learn the easy way how to pick stocks like professional investors do at mutual funds or at hedge funds).,Anyone interested in working at a hedge fund as an analyst.,Anyone interested in working at a mutual fund as an analyst.,Anyone that already works at a hedge fund and wants to learn how to improve their stock picking skills and also how to get promoted to the next level (portfolio manager).,Anyone that already works at a mutual fund and wants to learn how to improve their stock picking skills and also how to get promoted to the next level (portfolio manager).,Anyone that is interested in learning about the hedge fund and mutual fund industries and how they pick stocks.
Udemy | English | 8h 24m | 5.48 GB
Created by: Chris Haroun