Finance Fundamentals Quest

Tracks

1. 01🧠Numeracy — Mindset for Finance Math

   0/9 lessons

   The math reset for the 95% who froze at a-b=c

   The math reset. Arithmetic, fractions, exponents, mean & variance, calculus *concepts* — no computation, just the pictures. By the end you've broken the 95% bar and finance feels like a place you can stand.

   Lesson list (9)

   • 01
     Arithmetic & equation rearrangement — a+b=c becomes c-b=a~30 min · arithmetic, equations
   • 02
     Fractions, ratios, and the % ↔ decimal ↔ fraction trio~30 min · fractions, percent, decimal
   • 03
     Numerator–denominator play (the quest's thesis)~35 min · thesis, fractions, valuation
   • 04
     Finance's small numbers — bp, decimals, yield friendliness~28 min · bp, decimal, vocabulary
   • 05
     Exponents & logarithms — the heart of compounding~35 min · exponent, log, compounding
   • 06
     Mean, variance, standard deviation — the shape of shake~35 min · mean, variance, shake
   • 07
     Probability, conditional probability, Bayes (lightly)~30 min · probability, bayes
   • 08
     Derivative — the concept (slope at a point)~30 min · calculus, derivative, concept
   • 09
     Integral — the concept (area under the curve)~30 min · calculus, integral, concept

   ✓Quiz · 4 questions→

2. 02⏳Time Value of Money

   0/6 lessons

   Why ₩100 today ≠ ₩100 next year

   The first finance equation you'll actually use. Opportunity cost, present and future value, simple vs. compound interest, annuities, perpetuities — all the way to Gordon Growth as the prologue to stock valuation in Track 6.

   Lesson list (6)

   • 01
     Opportunity cost — why ₩100 today ≠ ₩100 next year~25 min · opportunity-cost, tvm
   • 02
     Present value and future value~30 min · pv, fv
   • 03
     Simple vs. compound interest~30 min · simple, compound, interest
   • 04
     Annuity — the math of recurring cash flows~30 min · annuity, recurring
   • 05
     Perpetuity — P = C/r, the simplest valuation equation~25 min · perpetuity, valuation
   • 06
     Gordon Growth — P = FCF/(r − g) and what it means~35 min · gordon-growth, valuation, thesis

   ✓Quiz · 4 questions→

3. 03🎢Risk & Return

   0/6 lessons

   Volatility, covariance, and the price of shake

   Returns aren't free — there's volatility behind every yield. This track wires up return, volatility, how two assets shake together (covariance, correlation), and why eggs in many baskets is more than folk wisdom.

   Lesson list (6)

   • 01
     Return types — arithmetic vs. log return~25 min · return, log-return
   • 02
     Mean return, volatility — the shake callback~30 min · mean, volatility
   • 03
     Covariance, correlation — friends shaking together~35 min · covariance, correlation
   • 04
     Diversification — eggs in many baskets, mathematically~30 min · diversification, portfolio
   • 05
     Efficient frontier — Markowitz, the gentle intro~30 min · markowitz, frontier
   • 06
     The risk-free asset — what it actually is~25 min · risk-free

   ✓Quiz · 4 questions→

4. 04🌐Markets — the Macro Inputs

   0/6 lessons

   The macro inputs every asset bows to

   Where the discount rate (r) actually comes from. Interest rates, inflation, FX, cycles — the macro plumbing that moves every asset. Light coverage; the depth is in macro-focused later quests.

   Lesson list (6)

   • 01
     Asset classes — stocks, bonds, FX, commodities~25 min · asset-class
   • 02
     Market participants — retail, institutions, market makers~25 min · participants
   • 03
     Interest rates — Fed, central banks, market rates~30 min · interest-rate, fed
   • 04
     Inflation — nominal vs. real return~25 min · inflation, real-return
   • 05
     Cycles — economic, credit, liquidity (lightly)~25 min · cycle
   • 06
     FX basics — domestic vs. foreign assets~25 min · fx, currency

   ✓Quiz · 4 questions→

5. 05📖Reading Financial Statements (Lite)

   0/6 lessons

   Where the numbers come from

   Just enough accounting to use it as valuation input. Income, balance, cash flow — three statements, one company. Ratios as numerator–denominator play. FCF as the real input to DCF.

   Lesson list (6)

   • 01
     The three statements — and how they connect~30 min · statements
   • 02
     Income statement — revenue to net income~25 min · income
   • 03
     Balance sheet — assets = liabilities + equity~25 min · balance-sheet
   • 04
     Cash flow — operating, investing, financing~25 min · cash-flow
   • 05
     ROE, ROA, debt ratio — numerator–denominator play again~30 min · ratios, roe, roa
   • 06
     Free cash flow — the real input to valuation~30 min · fcf, valuation

   ✓Quiz · 4 questions→

6. 06💎Equity Valuation

   0/7 lessons

   Stock valuation in full — and why NVDA still drops on a beat

   The thesis applied. DDM, DCF, multiples. NVDA's payoff (the 2nd-derivative game). Adobe's payoff (when the market denies g). Value vs. growth as two ends of the same equation, not enemies.

   Lesson list (7)

   • 01
     Dividend Discount Model (DDM)~30 min · ddm, dividend
   • 02
     Discounted Cash Flow (DCF)~35 min · dcf, valuation
   • 03
     Multiples — P/E, P/B, EV/EBITDA~30 min · multiples, per, pbr
   • 04
     Multiples vs. DCF — same picture, different angles~25 min · multiples, dcf
   • 05
     NVDA payoff — why earnings beats can still drop the stock~35 min · nvda, growth, case
   • 06
     Adobe payoff — when the market denies g entirely~30 min · adobe, case, denial
   • 07
     Value vs. growth — two ends of the same equation~30 min · value, growth

   ✓Quiz · 4 questions→

7. 07🔗Bonds — Fixed Income

   0/7 lessons

   Promised future cash, brought to today

   Bonds = PV of future cash flows (the integral, brought down to earth). Face, coupon, maturity, YTM, duration, convexity, the yield curve. The 2022 carnage as case study so the math has a face.

   Lesson list (7)

   • 01
     Bond basics — face value, coupon, maturity~25 min · bond, basics
   • 02
     Yield to maturity (YTM) — what the buyer actually earns~30 min · ytm, yield
   • 03
     Bond pricing = PV of cash flows (integral callback)~35 min · pricing, pv, integral
   • 04
     Duration — how much a bond moves per 1% rate change~30 min · duration
   • 05
     Convexity — when duration isn't enough~25 min · convexity
   • 06
     The yield curve — short vs. long rates~30 min · yield-curve
   • 07
     Case: the 2022 bond crash~30 min · case, 2022

   ✓Quiz · 4 questions→

8. 08⚡Derivatives

   0/7 lessons

   Trading the future — payoffs, options, and famous explosions

   Forwards, futures, options. Payoff diagrams, intuition (why volatility rules), Black-Scholes shape only. Hedge, speculate, arbitrage as the three real uses. Famous explosions (LTCM, Robinhood) so the math stays grounded.

   Lesson list (7)

   • 01
     Forwards and futures — locking in a future price~30 min · forward, futures
   • 02
     Options basics — call, put, strike, expiry~30 min · option, call, put
   • 03
     Option payoff diagrams — the picture you can't unsee~30 min · payoff, option
   • 04
     Option price intuition — why volatility (σ) matters~30 min · intuition, volatility
   • 05
     Black-Scholes — the shape only, no math~30 min · black-scholes, concept
   • 06
     Hedge, speculate, arbitrage — three uses of options~30 min · hedge, arbitrage
   • 07
     Cases: LTCM 1998, Robinhood option mania 2021~30 min · case, ltcm, robinhood

   ✓Quiz · 4 questions→

9. 09🏛Portfolio Management

   0/8 lessons

   From single stocks to the whole pie

   From individual assets to the portfolio. Efficient frontier (deeper than Track 3), the market portfolio, CAPM, beta, Sharpe ratio. Passive vs. active. EMH and where it cracks (GME 2021). Asset allocation as the closing move.

   Lesson list (8)

   • 01
     Efficient frontier — deeper than Track 3~30 min · frontier, markowitz
   • 02
     The market portfolio — one weighted average to rule them all~25 min · market-portfolio
   • 03
     CAPM — Capital Asset Pricing Model~35 min · capm
   • 04
     Beta — covariance / variance, in plain words~30 min · beta
   • 05
     Sharpe ratio — return per unit of shake~25 min · sharpe
   • 06
     Passive vs. active — why indexing usually wins~30 min · passive, active
   • 07
     Efficient Market Hypothesis (EMH) and its limits~30 min · emh, case
   • 08
     Asset allocation — stocks, bonds, cash, alternatives~30 min · allocation

   ✓Quiz · 4 questions→

10. 10🧘Investor Mindset — the Math-Grounded Stance

    0/6 lessons

    Why 95% lose — and the math-grounded mindset that breaks the curve

    The closing track. Why 95% lose to the market. Behavioral biases. The pendulum of fear and greed. Costs that compound the wrong way. Time horizon. Ethics — fiduciary, conflicts, asymmetric information. Whatever philosophy follows, this is the floor.

    Lesson list (6)

    • 01
      Why 95% lose to the market~25 min · why-lose
    • 02
      Behavioral biases — loss aversion, herding, recency~30 min · behavioral
    • 03
      The pendulum of fear and greed~25 min · psychology, cycles
    • 04
      Costs — fees, taxes, turnover and their compound damage~30 min · costs, fees
    • 05
      Time horizon — why long beats short~25 min · horizon
    • 06
      Ethics basics — fiduciary, conflicts, asymmetric information~30 min · ethics

    ✓Quiz · 4 questions→