01
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What a share really is
Four short lessons on the objects markets trade. A share is a slice of a company. A price is not a verdict. A bond is a loan. Compounding is arithmetic, not a promise.
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Twelve lessons, in order.
Start with ownership. Then read a company. Then look at time, inflation, and concentration. 12 lessons, each one an image and a reading.
02
Next
Reading the numbers
Four lessons on the statements behind a ticker. You will see what revenue is not, how a house explains a balance sheet, and why a price-to-earnings ratio is a comparison rather than a verdict.
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Then
Time, inflation, and risk
The last four lessons slow the conversation down. Money has a date attached. Prices in the economy drift. A single company can fail even when your story about it is sincere.
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