The Goal of This Course
This course is designed to help students find the right direction in investing, focusing on:
- Gaining fundamental knowledge about investing and wealth management.
- Building a “circle of competence” to achieve foundational investment goals.
- Understanding how investments generate returns and their underlying sources.
- For those aiming higher, the course also provides advanced frameworks to expand the boundaries of their investment capabilities.
The First Lesson of Investment
Introduction to "Apearn’s First Lesson on Investing"
Welcome to Apearn’s First Lesson on Investing. In the age of the knowledge economy, investment courses are everywhere, so why choose this one? Research shows that the human brain experiences emotional resistance when encountering new information, especially if it conflicts with existing beliefs. This is why selecting the right course and the right instructor is crucial.
Why is Learning Essential for Investing?
Unlike fields like medicine or law, investing has a unique challenge: users often cannot easily judge the quality of services or products. Short-term gains can mask long-term risks, and a lack of financial literacy may make it hard to distinguish luck from skill. Psychological factors like greed and fear further compound the potential for poor decisions.
However, investing doesn’t require everyone to become an expert. With just a little effort, even beginners can achieve respectable results. As Howard Marks, quoting Benjamin Graham, said:
“The amateur investor, with minimal effort, can achieve satisfactory outcomes.”
A Collaborative Learning Community
One unique aspect of this course is its collaborative nature. Here, learning is not just a one-way process; it’s a shared journey. Students are encouraged to contribute by sharing their real-life experiences and investment insights, enriching the course and inspiring others.
