Announcing – A Classroom Value Investing Course

I am happy to announce the acceptance into the January series of my most comprehensive value investing course titled – The January 2024 Value Investment Plan.

This residential course will be held from 11th to 14th January 2024 at FLAME University campus located in Pune. The deadline for submitting an application is December 10, 2023.

Click here to read more information and sign up if you are interested in participating in this course.

As this is a classroom course, places are limited.

The course takes you through the process of practicing value investing to identify stocks that create long-term wealth. This includes helping:

  • Get the right approach to value investing and build a behavioral framework that prevents bias and creates a sound investment thought process.
  • Evaluate the quality of the business – separating the good from the awful
  • Analyze financial statements find well-performing businesses
  • Calculate the intrinsic value using different methods
  • Identify competitive rates and whether they are sustainable
  • Build a portfolio of solid wealth-creating businesses

Program overview

Module I
Focus – How compounding works, the basics of value investing, how to think about the stock market, how to deal with Mr. Market

  • Value investing 101 and the idea of ​​compounding
  • How to think about the stock market
  • Lessons from the history of financial markets
  • A key focus on the ideas of long-term compounding, why are Ben Graham’s thoughts on Mr. Market and margin of safety, how to think about great and terrible businesses, moats, capital allocation and price vs. value.
  • Key ideas like looking at simple businesses, researching stocks well and focusing on risk and paying the right prices
  • What works in investing, how to think like the world’s best investors, an introduction to multidisciplinary thinking

Module II
Focus – Complete focus on the behavioral side of investing and the study of cognitive psychology to minimize the mistakes that often plague investment decision making

  • Human (mis)behavior and causes of erroneous judgment
  • Mental models in the value investor’s toolkit

Module III
Focus – Careful analysis of businesses, understanding what makes a few great businesses, some good and most terrible, how moats are built, how few last long, how most lose direction, it is important to stay within the circle of competence, looking at business as a moving picture.

  • Businesses – Great, Good, Terrible and How to Tell Them Apart.
  • Studying some of the successful listed Indian companies through the learning lens developed in this module –
  • What has made these businesses successful over the years?
  • How did they build impregnable moats? Was it business quality? Was it great driving?
  • Will their moments last into the future? Why? Why not?

Module IV
Focus – Financial statement analysis. Learn the language of business, i.e. accounting, how to analyze financial statements, identify relationships between them, how to detect financial fraud

  • How to read annual reports
  • Financial Statement Analysis – Profit and Loss Statement, Balance Sheet, Cash Flow Statement
  • The most important numbers and ratios
  • Quality management assessment – how numbers help

Module V
Focus – “Intrinsic value is vague but very important,” said Warren Buffett. Keep this in mind and learn how to value businesses using simple models

  • Understanding value and why not everything can be valued
  • Myths and truths about valuation
  • Present value concept
  • Intrinsic valuation vs relative valuation
  • DCF – The process of calculating what to do and what not to do
  • A few more simple valuation methods
  • Case Studies of Valuation of Indian Listed Companies
  • Margin of Safety – Margin of Safety Key Ideas and Resources

Module VI

  • Building investment checklists
  • Other key ideas (like concentration vs. diversification, when to sell, immutable laws of investing, deadly sins of investing)

Disclaimer: Case studies on specific companies are created for educational purposes only.

The course is suitable for individuals who are just starting or in the early stages of their investment journey. It will be an added value:

  • If you are willing to learn to practice the basic principles of value investing to pick stocks and how to make them work for you
  • If you want to build your own investment philosophy based on what has worked for the world’s best investors over the past few decades
  • If you are willing to learn and understand the most important concepts of business and financial analysis and valuation
  • If you are willing to learn the stress-free way to create wealth from stocks
  • If you are willing to learn and understand the practical, time-tested concepts of behavioral finance

The course is not suitable for you if you are looking for concepts and ideas in technical analysis, derivatives or speculation/stock trading. Also, no stock recommendations/tips will be provided during the course. Applicants should consider these points carefully before applying for the course.

The deadline for submitting an application is December 10, 2023.

Accommodation will be provided in AC, single room for all participants at FLAME campus in Pune for three nights on 11th, 12th and 13th January 2024.

Click here to read more information and sign up if you are interested in taking this course.


FLAME also runs a few other courses you might be interested in –

If you have any queries regarding my course, please ask by replying to this email or write a message to – vishal@safalniveshak.com.

Please refer to the relevant links for details of the other courses.

If you know someone who could benefit from one of these courses, please share them.

Thank you for your time.

Regards, Vishal

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