Recommendation | Jeong Seung-hye
West Gate | Phil Town
Introduction - How to Use This Book

1 month.
Stand up bravely
Warren Buffett and value investing
First principle
Stockpile or delegate authority
inflation
My Investment Training
1 month training

2 months.
Know your retirement numbers
Introduction to the stock market
How to delegate full authority
My Retirement Number
Options outside the stock market
Be grateful
Components of Economic Freedom
Four Steps to Mastery
2nd month of training

3 months.
Vote with your money for the cause you support
Creating an investment office
Corporate entry
Dealing with information asymmetry
Vote with your money for the cause you support
Finding your mission
Corporate Story
3 months of training

4 months.
The First Principle of Value Investing
efficient market hypothesis
lucky monkeys
case
Events that affect the entire market
Sealer PER
Buffett Indicator
Charlie Munger
The Four Principles of Investment
Charlie Munger's Investment Principle 1: Understandable Companies
Drawing the three circles and the range of abilities
Introduction to Annual Reports
Investment masters
In-depth investment training and Buffett's shareholder letter
4 months of training

5 months.
Charlie's Economic Moat and Management
Charlie Munger's Investment Principle 2: Unique and Sustainable Competitive Advantage
Five types of moats
Moat Case Study: Coca-Cola
Moat Case Study: Apple
Introduction to Financial Statements
Four major indicators and growth rates
drift growth rate
Charlie Munger's Investment Principle #3: Authentic and Competent Management
Management Indicators
Charlie's 1-3 Rules Checklist
5 months of training

6 months.
Scope of ability
Confronting Your Money Thoughts
Invest in what you know
Annual Report
Watchlist
Virtual Investment
Stock Account Basics
Family History
A process for looking at preconceived notions about money
6 months of training

Month 7 - Charlie's Investment Principle 4: Pricing
Charlie Munger's Investment Principle 4: A Price That Secures a Reasonable Margin of Safety
3 Methods for Pricing and Valuation
Pricing using company-wide metrics
Pricing Method 1: 10 caps
shareholder interests
Shareholder profit calculation formula
Pricing Method 2: Payback Period
Free cash flow calculation formula
7 months of training

8 months.
Charlie's Investment Principle 4: Valuation
Pricing using per share indicators
Pricing Method 3: Margin of Safety
Safety Margin Calculation Formula
Create a stock account
8 months of training

9 months.
Twist the story
Checklist to Prevent Costly Mistakes
Structure the story
Twist the story
Investing in a research organization
Practice stocks
9 months of training

10 months.
Building an Antifragile Portfolio
Antifragile Portfolio
Passive yet active strategy
Interest List Company Acquisition Plan
Tranche purchase
Managing emotions following an incident
10 months of training

11 months.
Determining when to sell
Buying a business
Sell ​​when the story changes
Reducing the investment base
Dividends
Treasury stock purchase
Determining when to sell
11 months of training

12 months.
A life of gratitude
Checklist for Ongoing Investment Practice
Be grateful
12 months of training

Outgoing post
Reviews | Phil Town
Resources you can use to train your investment skills
supplement

A 12-month lesson that transformed a fearful investor into a value investor.

"Father and Daughter's Stock Investment Lesson" is a guide for those who have felt that investing is difficult and distant.
The goal of this book is to help even beginners who are new to stocks understand the principles of investment step by step, starting from the basics, and to build the skills to invest on their own based on this understanding.

This book contains a 12-step training process for 12 months, dividing the philosophy and investment methods of legendary value investors Warren Buffett and Charlie Munger.
Each month, we present specific activities and goals for readers, such as 'Calculating My Retirement Age,' 'Why You Should Invest Directly Instead of Leaving It to a Fund Manager,' 'How to Research Companies,' 'Indicators for Evaluating Management,' and 'How to Assess Value.'
We also generously provide readers with calculation methods and plans to help them diagnose their own financial situation, as well as checklists and data sites that can be applied in practice.

An investment expert who has amassed great wealth shares his investment know-how that he wants to pass on to his children in an easy and fun way through honest and pleasant conversations between father and daughter.
This book is an ideal introduction to stock investment for those who find the theoretical books of famous investment experts too difficult, or who find technical terminology, complex financial statements, and calculations burdensome.

How to retire early and live the life you want: value investing!

This book begins with realizing the need for investment.
Her daughter, Danielle, discovered the shocking truth that even working as a well-paying lawyer at a prestigious law firm would not lead to wealth.
And after doing the math, I found that unless you plan on living your whole life as a paycheck slave, it's nearly impossible to save enough money without investing.
The reason is simple.
It's inflation.


Inflation is a phenomenon in which prices rise and the value of money falls.
People often say, "Save!" but in reality, saving is not a neutral and safe act of "doing nothing."
Saving money doesn't solve anything because the value of your savings decreases over time due to inflation.
The author says that value investing is a wise and effective way to deal with this.

A simple yet amazing power that completely turns your hamster wheel-like life around!

Before starting investing lessons with his father, Daniel worked 80 hours a week and suffered from health problems due to excessive work stress.
To such a daughter, the father taught her the A to Z of value investing with affection and kindness.
After 12 months of investing lessons, Daniel finally realized that investing wasn't just a skill, but an essential part of his journey to fulfilling his life.

After 12 months of investment lessons with his father, Daniel achieved an impressive 41% return, far exceeding his target.
Since then, she has quit her job at the law firm and is living a leisurely and happy second life as a professional investor.
Daniel realized that what he had done, anyone could do.
The podcast, "InvestED: The Rule #1 Podcast," which features the investment lessons of these women, has reached the top of the iTunes Business category, and countless listeners are joining her on their journey to financial freedom.

Daniel says that although his father was a successful investor, he was completely ignorant of stocks and finance, and he always thought that investing had nothing to do with him.
This part reveals how wary and fearful she was of investing.
As she gradually overcame her fears through investing lessons, she realized that she could make money by exploiting other people's fears.
This book gives readers who want to find financial freedom but are afraid of investing the courage to start investing.
Money is not a means to an end, but a source of happiness and freedom.
I hope the investment lessons in this book will serve as a valuable compass on your journey to financial freedom and creating the life you truly desire.