Research-Backed Learning Materials
We don't believe in shortcuts when it comes to investment analysis. Our study materials draw from decades of market research, peer-reviewed financial literature, and real portfolio management experience. These aren't just textbooks—they're frameworks that practicing analysts actually use.
Built on Academic Foundations
Most training programs give you formulas without context. We start with the underlying research. Why does the Fama-French model matter? When does discounted cash flow analysis fail? What did Kahneman's work reveal about investor behavior?
Our materials reference original studies from the Journal of Finance, working papers from Chicago Booth, and empirical research from MIT Sloan. Not because we're showing off—because understanding the research helps you know when to apply each technique and when to be skeptical.
Each module includes citations so you can dig deeper. Sometimes the original paper explains nuances that got lost in simplified versions. And honestly, reading Graham or Markowitz in their own words hits different than reading someone's interpretation.
What Makes These Materials Different
- Direct references to foundational research papers and studies
- Case studies from actual market conditions, including failures
- Comparison of competing frameworks with honest limitations
- Updated quarterly with recent findings from financial economics
- Practice problems using real financial statements from Korean markets
Perspectives from Practicing Analysts
Theory matters, but so does experience. We asked analysts who've been through multiple market cycles to contribute their insights on what actually works in practice.
Henrik Voss
Fixed Income Research
Started analyzing Korean corporate bonds in 2011, right when the European debt crisis was making everyone nervous. Henrik's materials cover credit analysis with a focus on what rating agencies miss. His section on reading between the lines in earnings calls comes from years of attending investor days and asking uncomfortable questions.
Astrid Keller
Equity Valuation Specialist
Astrid spent eight years at a Seoul-based investment firm before moving into education. She writes the sections on comparable company analysis and contributes case studies from Korean tech and manufacturing sectors. Her module on adjusting multiples for different accounting standards is surprisingly readable for such a dry topic.
Our Approach to Teaching Frameworks
Financial analysis has dozens of frameworks. We don't teach all of them—just the ones that show up repeatedly in professional practice. More importantly, we teach when each framework is appropriate and when it breaks down.
Start With Context, Not Formulas
Before we show you how to build a DCF model, we explain what assumptions it relies on and which types of companies it works best for. You'll learn why venture-backed startups need different valuation approaches than mature utilities.
Compare Competing Methods
There's rarely one "right" way to value a company or assess credit risk. Our materials present multiple approaches side by side, showing how they can produce different answers from the same data. Understanding the disagreements between frameworks helps you think more critically.
Include Real Limitations
Every framework has blind spots. We point them out explicitly. CAPM assumes investors hold diversified portfolios—what happens when they don't? P/E ratios work great until you hit a company with unusual tax situations. Knowing where models fail is as important as knowing how to use them.
Our autumn 2025 curriculum update will include expanded coverage of ESG integration in financial analysis, reflecting how reporting standards have evolved. Materials are reviewed twice yearly to stay current with regulatory changes and market practices.