Stock Market Academy

Nine units. Harvard-caliber investing.

Every unit opens with a story that upends what you think you know, walks through the concept with real-world stakes, then sends you to the simulator to apply it immediately.

1

What Is a Stock?

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Amazon's stock dropped 94% after its peak. Investors who sold lost everything. Those who held turned $1,800 into $500,000.

Equity & ownershipDividendsIPOsStock splits
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2

How Markets Work

In 1987, the market fell 22% in a single day. No war. No recession. No disaster. Here's the real reason.

Market makersBid-ask spreadOrder typesS&P 500, Dow, NASDAQ
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3

Reading a Company

WeWork was valued at $47 billion. Someone read the filing. The valuation collapsed to $8 billion in 6 weeks.

Income statementGross marginP/E ratioEPS
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4

Valuing a Business

Warren Buffett called buying Berkshire his '$200 billion mistake.' He still built the greatest investing track record in history.

Intrinsic valueDCF basicsMargin of safetyGrowth vs. value
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5

Building a Portfolio

A Nobel Prize was awarded for proving that combining risky assets can make you safer. Wall Street laughed. Then they built everything on it.

Modern Portfolio TheoryCorrelationDiversificationBeta
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6

Market Cycles & Macro

Goldman's model said the 2008 losses should happen once in 100,000 years. They saw it 10 days in a row.

Bull & bear marketsInterest ratesFed policyInflation & real returns
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7

Investment Strategies

Jack Bogle invented the index fund. Wall Street called it 'Bogle's Folly.' His fund beat 90% of professionals over 20 years.

Value investingGrowth investingIndex fundsDollar-cost averaging
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8

Behavioral Finance

Researchers threw darts at the Wall Street Journal for 15 years. Their portfolio beat 90% of professionals. Not because darts are magic.

Loss aversionRecency biasHerdingThe disposition effect
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9

Advanced Mechanics

Long-Term Capital Management had two Nobel winners on staff. They nearly collapsed global financial markets. The Fed had to step in.

Short sellingOptions basicsETFsLeverage & risk
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10

Time Value of Money & Compounding

A Vermont janitor who never earned more than $11.75/hour died with $8 million. He left it to the local library and hospital. How?

Rule of 72Future valuePresent valueCost of waitingCompound interestCAGRFee drag
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11

Bonds & Fixed Income

In 2022, TLT — a fund of 20-year U.S. Treasury bonds — fell 31%. People hiding in bonds 'for safety' lost more than the S&P 500. What happened?

Bonds basicsYieldPrice-rate relationshipDurationCredit ratingsTIPS
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The simulator is live now.

Start with Unit 1 or jump straight into trading with your $100,000.

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