Reading financial statements, key ratios, and valuation basics, from first principles to DCF.

9 posts published so far, in reading order.

  1. DuPont: breaking ROE into the three things that actually drive it 25 Sep 2026
  2. Relative valuation: what a company is worth compared to whom 26 Sep 2026
  3. Discounting: what a rupee five years from now is worth today 27 Sep 2026
  4. WACC: the discount rate, and where it actually comes from 28 Sep 2026
  5. Forecasting free cash flow: the half of a DCF that actually matters 29 Sep 2026
  6. Terminal value: the number that quietly becomes most of your valuation 30 Sep 2026
  7. Margin of safety: what to do with a valuation you don't fully trust 1 Oct 2026
  8. Capstone: reading one real company with the whole toolkit 2 Oct 2026
  9. Reading an annual report: the map, and where the bodies are buried 3 Oct 2026

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