For more resources, visit https://FarhatLectures.com
Study investment analysis through 88 Farhat Lectures lessons for college finance and investments students. Build from financial markets and asset classes to risk and return, portfolio theory, CAPM, options, bond valuation, macroeconomic analysis, stock valuation and financial statement analysis. Worked calculations and Excel examples connect the concepts to course problems.
Use this master playlist for the broad course, or choose a focused topic below. The shorter playlists reuse relevant lectures, so you can follow the path that fits your syllabus without repeating the same material.
1. Investment foundations: real versus financial assets, market roles, intermediaries, the investment process and the 2008 financial crisis.
https://www.youtube.com/playlist?list=PLxP0KZzCGFYNrPoqSCfIHDt7US4_71-_2
2. Asset classes and instruments: money markets, debt, common and preferred stock, indexes and derivatives.
https://www.youtube.com/playlist?list=PLxP0KZzCGFYN47MtmkHXGWrDb6zyI_OG0
3. Securities markets: issuance and IPOs, order types, electronic markets, margin and short selling.
https://www.youtube.com/playlist?list=PLxP0KZzCGFYMcJ8Qpl_yPfHCz0Xcc5dyr
4. Investment companies: NAV, mutual funds, fees and exchange-traded funds (ETFs).
https://www.youtube.com/playlist?list=PLxP0KZzCGFYPoGQ1Er2gnup9gUa-Z4dAU
5. Risk and return: arithmetic/geometric/dollar-weighted returns, APR/EAR, expected return, volatility, distribution shape and the Sharpe ratio.
https://www.youtube.com/playlist?list=PLxP0KZzCGFYOaFyn-KzydZVqaQM0jztOG
6. Portfolio theory: diversification, covariance, correlation, efficient frontier, capital allocation and the single-index model.
https://www.youtube.com/playlist?list=PLxP0KZzCGFYN6Zzwsbtus_6fjeE8HMrKO
7. Asset pricing: CAPM, beta, the security market line, alpha, multifactor models and Fama-French factors.
https://www.youtube.com/playlist?list=PLxP0KZzCGFYMjpMVdtjaxipGAG5bA6hA_
8. Options: calls, puts, payoff and profit diagrams, protective puts, covered calls, straddles, spreads, collars and optionlike securities.
https://www.youtube.com/playlist?list=PLxP0KZzCGFYPcDvKr9hrmXpw9WXpSxSaE
9. Bonds: present-value pricing, yield to maturity and call, zero-coupon bonds, credit risk, ratings and yield-curve theories.
https://www.youtube.com/playlist?list=PLxP0KZzCGFYMrUOGHtlILyq9rUvaoIThF
10. Behavioral finance and technical analysis: biases, moving averages, breadth and sentiment indicators.
https://www.youtube.com/playlist?list=PLxP0KZzCGFYNaFVhIWqskt2tAXfOflUKJ
11. Macroeconomic and industry analysis: global/domestic conditions, shocks, policy, business cycles and operating leverage.
https://www.youtube.com/playlist?list=PLxP0KZzCGFYMMCZBours44rohkRJ0J2mO
12. Equity valuation: comparables, intrinsic value, dividend discount models, growth opportunities, P/E ratios and free cash flow.
https://www.youtube.com/playlist?list=PLxP0KZzCGFYMRJffW3KC8EimgRaLgnXgQ
13. Financial statement analysis: profitability, liquidity, asset utilization, DuPont ROE, EVA and analytical limitations.
https://www.youtube.com/playlist?list=PLxP0KZzCGFYOkFWUi5HAWOLlc2exvsx6i
Where should a beginner start?
Begin with investment foundations and instruments. Review present value, basic algebra and probability before portfolio and valuation calculations. Pause worked examples and solve them before checking the explanation.
Does diversification eliminate risk?
Diversification can reduce firm-specific risk, but it does not eliminate market risk or guarantee against losses. CAPM and valuation models depend on assumptions and estimated inputs.
Is this an exam-preparation course?
The main audience is finance students. CPA, CMA and CFA candidates may use relevant lessons as supplements, matching them to their current exam curriculum. This is not a claim of complete coverage of any exam.
Company examples, historical crises and quoted market figures illustrate concepts rather than current prices or investment recommendations.
Aulas do Curso
(91 vídeos)
0 de 91 aulas concluídas
0%
Progresso salvo somente neste navegador.
0
Real Assets vs. Financial Assets: Key Differences & Investment Examples
Real assets and financial assets play different roles in investing. Professor Farhat explains productive resources, stoc…
1
Financial Assets Explained: Debt, Equity & Derivatives (With Examples)
What are financial assets, and how do debt, equity and derivatives differ? Professor Farhat compares these three broad i…
2
Role of Financial Markets: Capital Allocation, Risk & the Agency Problem
Learn how financial markets allocate capital and risk and shift consumption over time. Finance and accounting students e…
3
Risk–Return & Efficient Market Hypothesis | Investment Process Explained
Understand the risk–return tradeoff and efficient market hypothesis (EMH) as part of the investment process. Finance and…
4
Financial Intermediaries Explained: Banks, Mutual Funds & Investment Banking
Learn how financial intermediaries connect savers, borrowers and securities issuers. This introductory investments lesso…
5
2008 Financial Crisis Explained: Subprime Mortgages, CDOs & Bailouts
What caused the 2008 financial crisis? Finance and investments students can trace mortgage lending, securitization, subp…
6
Bond Types Explained: Treasuries, TIPS, Municipal, Corporate & MBS
Learn the main bond types with Professor Farhat: Treasury notes and bonds, TIPS, agency debt, international bonds, munic…
7
Common vs. Preferred Stock & ADRs | Equity Securities Explained
Compare common stock, preferred stock and American depositary receipts (ADRs) with Professor Farhat. This lesson helps f…
8
Dow Jones Explained: Price Weighting, the Divisor & Stock Splits
How is the Dow Jones Industrial Average calculated? This lesson for investments students explains the DJIA with a two-st…
9
Market-Cap Weighted Indexes Explained | S&P 500 & Return Examples
Learn how market-cap weighted indexes work and why different weighting methods produce different returns. This finance a…
10
Financial Derivatives Explained | Options vs Futures, Calls & Puts
Understand financial derivatives with call options, put options and futures examples. This lesson for finance and invest…
11
IPOs, Private Placements & Underwriting Explained | Raising Capital
Learn how companies raise capital through IPOs and private placements. This lesson for finance and investments students …
12
Market, Limit, Stop & Stop-Limit Orders Explained | Stock Examples
Compare market, limit, stop and stop-limit orders with stock-price examples. This lesson helps finance and investments s…
13
Nasdaq & ECNs Explained | The Rise of Electronic Stock Trading
How did Nasdaq and electronic communication networks (ECNs) change stock trading? This finance and investments lesson tr…
14
Algorithmic Trading, HFT & Dark Pools Explained | Market Structure
Understand algorithmic trading, high-frequency trading (HFT) and dark pools in this market-structure lesson for finance …
15
Buying Stocks on Margin | Margin Calls & Leveraged Return Examples
Learn how buying stocks on margin works, how to calculate a margin-call price, and why borrowing magnifies gains and los…
16
Short Selling Explained | Profit, Margin Calls & Risk Examples
Learn how short selling works and calculate short-sale profit, account equity and margin-call prices. This finance and i…
17
Money Market Instruments Explained | T-Bills, CDs, Repos & Federal Funds
Understand money market instruments with Professor Farhat: Treasury bills, negotiable CDs, commercial paper, bankers' ac…
18
Net Asset Value (NAV) Explained | Formula & Two Worked Examples
Learn how to calculate net asset value (NAV) per share with two worked examples. For finance, investments and accounting…
19
Investment Companies Explained | UITs, Open-End & Closed-End Funds
Compare UITs, open-end mutual funds and closed-end funds: portfolios, redemption and net asset value (NAV) versus market…
20
Mutual Funds Explained | Money Market, Equity, Bond & Index Funds
Learn how mutual funds work and compare money market, equity, bond, balanced, target-date and index funds. This introduc…
21
Mutual Fund Fees Explained | Loads, 12b-1 Fees & Class A vs. B
Compare mutual fund fees: front-end loads, back-end loads, 12b-1 fees and operating expenses. For finance and investment…
22
ETFs Explained: Trading, Costs, Taxes & Risks | ETF vs. Mutual Fund
Learn what exchange-traded funds (ETFs) are and how they compare with mutual funds. This introductory investments lesson…
23
Arithmetic, Geometric & Dollar-Weighted Returns | How They Differ
Compare arithmetic mean, geometric mean, and dollar-weighted return with a four-quarter mutual-fund example. For finance…
24
Arithmetic vs. Geometric vs. Dollar-Weighted Return | Excel Example
Compare arithmetic, geometric and dollar-weighted returns using the same fund example in Excel. For finance students, CF…
25
APR vs. EAR Explained | Effective Annual Rate & Compounding Examples
Learn how to convert APR to effective annual rate (EAR) and compare compounding frequencies. For finance and investments…
26
Scenario Analysis: Expected Return & Standard Deviation Explained
Calculate expected return and standard deviation using scenario analysis. For finance and investments students, includin…
27
Normal Distribution & Value at Risk (VaR) | Portfolio Examples
Learn normal distribution, z-scores, and Value at Risk (VaR) with portfolio examples and Excel NORM.INV. For finance and…
28
Apple's 2020 4-for-1 Stock Split | Why Its Dow Weight Changed
How did Apple's 2020 4-for-1 stock split affect its weight in the Dow Jones Industrial Average? This historical finance …
29
Skewness & Kurtosis Explained | Investment Returns & Tail Risk
Understand skewness and kurtosis in investment returns: what right and left tails mean, how extreme outcomes differ from…
30
Risk Premium, Risk Aversion & Sharpe Ratio Explained
Learn risk premium, risk aversion and the Sharpe ratio in this investments lesson for finance students and CFA candidate…
31
Sharpe Ratio & Risk Aversion | Worked Calculation Examples
Calculate the Sharpe ratio, an implied risk-aversion coefficient, and the expected market risk premium in two worked exa…
32
Capital Allocation Line (CAL) | Risk, Return & Leverage Examples
Learn how the capital allocation line (CAL) combines a risky portfolio with a risk-free asset. This investments lesson f…
33
Systematic vs. Unsystematic Risk | Diversification Explained
What is the difference between systematic and unsystematic risk? Learn how diversification reduces exposure to a single …
34
Covariance vs. Correlation: Calculate Portfolio Risk & Return
Learn how covariance and correlation affect portfolio risk. Professor Farhat calculates expected return, variance and st…
35
Optimal Risky Portfolio: Sharpe Ratio & the Risk-Free Asset
Build an optimal risky portfolio from a stock fund and a bond fund, then combine it with a risk-free asset. Professor Fa…
36
Efficient Frontier Explained | Minimum Variance Portfolio & CAL
Understand the efficient frontier, minimum-variance portfolio, and capital allocation line (CAL) with a visual introduct…
37
Single-Index Model Explained | Alpha, Beta, R-Squared & Ford Example
Understand the single-index model with minimal statistical jargon. This investments lesson helps finance students and CF…
38
Single-Index Model Explained | Read Beta, Alpha & Residual Risk Graphs
Read single-index model regression graphs by examining three features: beta (slope), alpha (intercept), and residual dis…
39
CAPM Explained: Beta, Market Risk Premium & Expected Return
How does CAPM calculate expected return? Learn the capital asset pricing model, beta and market risk premium, then work …
40
Stock Return Regression in Excel | Alpha, Beta & R-Squared Explained
Use simple linear regression in Excel to relate a stock's excess returns to market excess returns. This worked ABC-versu…
41
Security Market Line Explained | SML vs. CML and CAPM Example
Understand the Security Market Line (SML), the graph of CAPM that connects expected return with beta. This investments l…
42
Multifactor Models vs. CAPM | Two-Factor Expected Return Example
How do multifactor models extend CAPM? This finance lesson introduces a two-factor expected-return model using market ex…
43
Fama–French Three-Factor Model: SMB, HML & Return Example
Understand the Fama–French three-factor model with a worked expected-return calculation. Learn how the market factor, SM…
44
Stock Options Basics | Calls, Puts, Premiums & Moneyness
Learn stock options basics: how calls and puts work, what buyers pay and writers promise, and how to separate option pay…
45
Call & Put Profit Diagrams | Buyers, Sellers and Break-Even Examples
Read option profit and loss diagrams for all four basic positions: long call, short call, long put, and short put. Finan…
46
Protective Put Explained | $52 Break-Even & $7 Maximum Loss
Learn how a protective put limits stock losses using a $50 stock, a $45 put strike, and a $2 premium. This worked profit…
47
Covered Call Explained | $50 Stock, $55 Strike & $2 Premium
Understand a covered call using a $50 stock, a $55 call strike, and a $2 premium. This worked options example helps fina…
48
Long Straddle Explained | $130 Strike & Two Break-Even Prices
Learn the long straddle options strategy using a $130 strike, a $5 call premium and a $7 put premium. For finance and in…
49
Bull Call Spread Explained | $40/$45 Strikes, Profit & Break-Even
Learn a bull call spread with the video's $40/$45 strike example. This lesson helps finance and investments students, in…
50
Bear Put Spread Explained | $50/$46 Strikes, Profit & Break-Even
Understand a bear put spread using the video's $50/$46 strike example. This options lesson helps finance and investments…
51
Collar Option Strategy Explained | $60 Put, $80 Call Example
Learn the options collar strategy with a 2,000-share example: buy a protective put, sell a covered call and hold the und…
52
Protective Put vs Covered Call vs Collar | Worked Example
Compare a protective put, covered call and zero-cost collar using one worked stock-option example. Finance and investmen…
53
Optionlike securities: Stock warrant explained as well as Convertible bonds & preferred stocks.
IN this video, I explain stocks warrants and other type of optionlike securities such convertible bonds and preferred st…
54
Bonds Explained: Coupon Rates, Accrued Interest & Bond Types
Learn how bonds work: coupon rates, par value, accrued interest and the main bond types. This introduction helps finance…
55
How to Calculate Bond Issue Price | Present Value & Excel Example
Calculate a bond's issue price using the present value of its coupon payments and principal. This step-by-step lesson is…
56
Yield to Maturity vs Yield to Call | Bond Calculator Examples
Calculate yield to maturity (YTM) and yield to call (YTC), then distinguish a semiannual yield, a bond-equivalent annual…
57
Bond Prices Over Time: Premium, Discount & Holding Period Return
Understand how bond prices change over time and calculate holding-period return from coupon income plus price gains or l…
58
Zero-Coupon Bonds & Treasury STRIPS: Pricing and OID Tax Examples
Learn to price zero-coupon bonds, explain Treasury STRIPS and distinguish original issue discount (OID) interest from ga…
59
Default Risk & Bond Ratings Explained | Credit Analysis and Bond Yields
Learn how default risk affects bond ratings, credit analysis and bond yields. This lesson is for finance and accounting …
60
Expectations Theory Explained: Yield Curve & Forward Rate Examples
Learn how expectations theory connects the yield curve to expected future short-term interest rates. Work through two fo…
61
The Liquidity Preference Theory and Yield Curve. Essentials of Investments. CPA Exam BAR. CFA Exam
What is the liquidity preference theory and how does it shape the yield curve? In this BAR-focused lesson, Professor Far…
62
Behavioral Finance: Information Processing & Behavioral Biases. Essentials of Investment. Chap 9
What is behavioral finance and how do biases affect investment decisions? In this BAR-focused lecture, Professor Farhat …
63
The Alpha of a Stock Explained With Example. Essentials of Investment chapter 7. CPA exam CFA exam
What is the alpha of a stock and how do you calculate it? In this BAR-focused lesson, Professor Farhat explains alpha — …
64
Technical Analysis: Moving Average | Point & Figure Chart | Breadth and Relative Strength
What are moving averages, point and figure charts, market breadth, and relative strength in technical analysis? In this …
65
Technical Analysis: Trin Statistics | Bond Confidence Index| Short Interest |Put/call Ratio
What are the main technical analysis sentiment indicators used to read the stock market? In this BAR-focused lesson, Pro…
66
The Global Economy Essentials of Investments chapter 12
How does the global economy affect investment decisions? In this BAR-focused lecture, Professor Farhat explains why inve…
67
The Domestic Macroeconomy. Essentials of Investments Course chapter 12 Bodie
What is the domestic macroeconomy and how does it affect investment analysis? In this BAR-focused lecture, Professor Far…
68
What is Demand and Supply Shock? Essentials of Investments Bodie Chapter 12
What is the difference between a demand shock and a supply shock? In this BAR-focused lesson, Professor Farhat explains …
69
Monetary and Fiscal Policy. Essentials of Investments. CPA Exam BAR Chapter 12
What is the difference between monetary and fiscal policy? In this BAR-focused lecture, Professor Farhat explains how th…
70
Business Cycles Explained. Essentials of Investment Bodie. Chapter 12. CPA exam BAR
What are business cycles and how do they affect investment strategy? In this BAR-focused lecture, Professor Farhat expla…
71
Introduction to Industry Analysis. Essentials of Investments Bodie Chapter 12 CPA Exam BAR
What is industry analysis in security analysis and why does it matter to investors? In this BAR-focused lecture, Profess…
72
Example: Degree of Operating Leverage .CPA Exam BAR. Essentials of Investments.
What is the degree of operating leverage (DOL) and how do you calculate it? In this BAR and managerial accounting exampl…
73
Equity Valuation by Comparables: Book Value vs. Market Value
What does equity valuation by comparables tell you about a stock? Professor Farhat introduces comparable company analysi…
74
Intrinsic Value of Stocks Vs Market Price of Stocks. Essentials of Investments Ch. 13. CPA exam
What is the difference between the intrinsic value and the market price of a stock? In this investments lesson, Professo…
75
Dividend Discount Model DDM Explained with Examples.
What is the dividend discount model (DDM) and how do you use it to value a stock? In this finance and BAR-focused lesson…
76
Present Value of Growth Opportunities PVGO.
Present Value of Growth Opportunities (PVGO) is a concept that gives analysts a different approach to equity valuation. …
77
Price to Earnings Ratio Explained. P/E Ratio Basic for beginners. Essentials of investment
What is the price-to-earnings (P/E) ratio and how do you use it to value a stock? In this beginner-friendly guide, Profe…
78
What is the Free Cash Flow Equity Valuation? Essentials of Investments CPA Exam BAR
What is free cash flow valuation, and how do you value a company with it? This CPA Exam BAR lecture explains the free ca…
79
Understanding Financial Statements. Overview of Financial Statements Financial Statements explained
What are the three major financial statements, and how do they connect? This CPA Exam FAR lecture gives an overview of t…
80
Profitability Ratios | Understanding Ratio Analysis | Financial Ratios Explained ROE and ROA
How do ROE, ROA, and financial leverage work together in ratio analysis? This CPA Exam BAR lecture explains the profitab…
81
Economic Value Added EVA Explained with Examples Essentials of Investments
What is Economic Value Added (EVA), and how is it applied with real examples? This CPA Exam BAR lecture explains EVA as …
82
Return on Equity (ROE) Explained via Dupont Analysis. What is ROA Leverage Interest and Tax Burden
How does DuPont analysis decompose return on equity? This CPA Exam BAR lecture explains the DuPont model, breaking ROE i…
83
Asset Utilization Ratios Explained. Asset, Fixed Asset, Inventory and Receivable Turnover. CPA exam
What are asset utilization ratios, and how do you calculate turnover ratios? This CPA Exam BAR lecture explains the acti…
84
Current ratio and other Liquidity Ratios explained
What are the main liquidity ratios, and what do they measure? This CPA Exam BAR lecture explains the liquidity ratios us…
85
Profitability Ratios Analysis explained and Interpreted
What are the key profitability ratios, and how do you interpret them? This CPA Exam BAR lecture explains profitability r…
86
Price to Book Ratio P/B Explained with Price to Earnings Ratio P/E ratio
What are the price-to-book and price-to-earnings ratios, and how are they related? This CPA Exam BAR lecture explains th…
87
Limitations of Financial Statements Analysis
What are the limitations of financial statement analysis? This CPA Exam BAR lecture explains how accounting choices and …
88
Expected Return, Variance & Standard Deviation | Excel Example
Calculate expected return, variance, and standard deviation step by step using a $23 million portfolio and four economic…
89
Nominal vs. Real Interest Rates | Fisher Equation & Inflation Examples
Understand nominal versus real interest rates and calculate inflation-adjusted returns with the Fisher equation. This le…
90
Mutual Fund Taxes Explained | Capital Gain Distributions & Turnover
Understand U.S. mutual fund taxation, capital gain distributions and portfolio turnover with a worked example. For inves…