The School · Season Two · Shelf 04 of 8

The Craft. The games of investing. Each one is a different game with different rules.

7 courses31 lessons
01

Accumulation

DCA, the deposit law, time in market, the math of compounding.

  1. 1.1Compounding: the math that makes the tycoonComing
  2. 1.2Dollar-cost averaging, and why it beats timingComing
  3. 1.3Time in the market versus timing the market, with the dataComing
  4. 1.4What $500 a week does over twenty yearsComing
02

Value and Quality

Buffett and Munger: moats, owner earnings, margin of safety.

  1. 2.1Price is what you pay, value is what you getComing
  2. 2.2Moats: the five kindsComing
  3. 2.3Owner earnings: the number Buffett actually usesComing
  4. 2.4Margin of safetyComing
  5. 2.5Quality at a fair price versus junk at a great oneComing
03

Growth and the Future

S-curves, the exponential age, and paying up for what's coming.

  1. 3.1The S-curve: how every technology gets adoptedComing
  2. 3.2The exponential ageComing
  3. 3.3Paying for growth: when a high multiple is cheapComing
  4. 3.4Picks and shovels: owning the enablersComing
04

Macro and Cycles

Dalio and Druckenmiller: positioning by the cycle, sizing by conviction.

  1. 4.1Positioning: where we are in the cycle decides the seat sizesComing
  2. 4.2Liquidity as the master variableComing
  3. 4.3Concentrate when the odds are lopsidedComing
  4. 4.4The rate scare playbookComing
05

Trading, Told Honestly

A different game. Base rates first, journaling always, the paper fund as the lab.

  1. 5.1Why most people who trade lose, with the numbersComing
  2. 5.2Trading versus investing: two games, two clocksComing
  3. 5.3Risk per trade, and the math of ruinComing
  4. 5.4The journal: the only edge you can proveComing
  5. 5.5The paper lab: practice until the record says otherwiseComing
06

Risk

Sizing, drawdowns, correlation, max pain.

  1. 6.1Drawdown math: why a 50% loss needs a 100% gainComing
  2. 6.2Correlation: the diversification that isn'tComing
  3. 6.3Max pain: size for the night you can't sleepComing
  4. 6.4Leverage, and who it's forComing
07

The Mind

Psychology, dopamine, the plan versus the mood, the decision journal.

  1. 7.1You're not trading the market, you're trading your moodComing
  2. 7.2Dopamine and the red candleComing
  3. 7.3Loss aversion, anchoring, and the other trapsComing
  4. 7.4The written plan as a brakeComing
  5. 7.5The decision journalComing
← Shelf 03 · The AssetsShelf 05 · Reading the Numbers →
The school teaches the method. The office applies it to you.

MRTY teaches against your positions, your cash, your plan. Same lessons, your numbers.

See the office · $1 trial
TYCOONSTUDIO

Information is free. Personalization is paid.