This course is primarily devoted to the fundamental principles of valuation. We will learn and apply the concepts of time value of money and risk to understand the major determinants of value creation. We will use both theory and real world examples to demonstrate how to value any asset.
Subtitles for all video lectures available in: Chinese (provided by Yeeyan), English, Portuguese (Lemann Foundation), and Ukrainian (Pinchuk Foundation)
See the detailed Syllabus. Please note that based on feedback we have received following our first offering of the course, we have decided to extend the duration to fifteen weeks for this, and all subsequent offerings.
This is a tough issue. I do not believe in prerequisites, except for a sense of curiosity and an attitude. Having said that, exposure to economics (the mother discipline of finance), accounting (the language of business), and/or algebra and statistics (we all need it) will clearly help. I will however try and cover everything starting with fundamentals and will highlight when there is a need for you to do some further work in specific subjects. In fact, I hope the class will motivate you to learn more. I believe that learning usually happens when you are motivated by a curiosity to understand something.
This course will introduce you to frameworks and tools to measure value; both for corporate and personal assets. It will also help you in decision-making, again at both the corporate and personal levels.
For information on the suggested readings, please see the detailed syllabus.
The class will consist of videos, broken up into bite-size pieces with their lengths varying based on the topic. Almost every video segment will have opportunities for you to assess your knowledge. You are strongly encouraged to take every opportunity to work on the problems/examples before you view my analysis. There will also be standalone assignments every week that are not part of videos, and a (not optional) final exam. Doing the assignments is the way you will learn the material.
