A path of 5 short lessons · 15 min in all

Inside the reports

The three statements every company publishes, taken line by line with Lemon Co.

Open the drawn lessons
  1. The income statementFrom every dollar of sales down to the profit that is left, line by line from the top.3 min
  2. The balance sheetA photo of one day: what the company owns, and who paid for it.3 min
  3. The cash flow statementWhere the cash actually came from, and where it went.3 min
  4. Where the reports liveFree, official, and written by the company itself. Here is which one to open.2 min
  5. Five warning signsPatterns in the three statements that should make you look closer.4 min

More paths

Thinking clearly5 lessons · The traps that catch smart people with money. How money grows7 lessons · Compounding, costs, and why time does the work. Index funds, simply3 lessons · What you actually own when you buy the whole market, and why cheap tends to win. How to value a stock12 lessons · One number at a time, on one small lemonade company. Then all of them together. Clues in the filings5 lessons · Big customers, insider trades, short sellers, fund holdings and a distress score: what each one can and cannot tell you. A clear mind10 lessons · The voice in your head, and small tools from studies that quiet it. Most of them take a minute.