The Observer Capital

Investing from India in the world’s best businesses.

🇮🇳 INDIA · 🌍 GLOBAL · ⇄ TRANSMISSION

LEARN · VIA THE SECTIONS INDEX

Reading paths.

Paths through what’s already published. Each path is an order, not a course. Read at your pace; everything is free.

New to investing — start here
0 of 4 published

You can read a balance sheet, or want to learn on real companies rather than textbook ones.

  1. 01what a business is worthnot published yet
  2. 02reading an annual reportnot published yet
  3. 03the first screennot published yet
  4. 04when to do nothingnot published yet

0 of 4 pieces published — the path completes as the series does. The rows above are the intended order, not a promise of a date.

How to read an industry
0 of 4 published

You want the shape of a sector before you look at any company inside it.

  1. 01banking primernot published yet
  2. 02how a bank actually earnsnot published yet
  3. 03the credit cyclenot published yet
  4. 04reading provisioningnot published yet

0 of 4 pieces published — the path completes as the series does. The rows above are the intended order, not a promise of a date.

How this desk values a business
0 of 4 published

You want the method, not the verdict.

  1. 01earnings power floornot published yet
  2. 02reverse the pricenot published yet
  3. 03what decides itnot published yet
  4. 04the kill thesisnot published yet

0 of 4 pieces published — the path completes as the series does. The rows above are the intended order, not a promise of a date.

STRUCTURED SERIES — COMING
The Integrated Investor
48 episodes. The corpus resequenced into an order you can read start to finish.
publishes after Issue #1
Valuation Master
45 episodes. The method the deep dives already use, taught explicitly.
publishes after Issue #1