ANALYST ACADEMY
The advanced investment training you need to manage your own portfolio and invest like a hedge fund pro
Taught by a partner and Head of Research at two multi-billion dollar investment funds.
- Course overview
Become the best
investor you can be
Analyst Academy will give you the tools and expertise you need to manage your own portfolio. Stephen Clapham is a trainer trusted by elite hedge funds, and this course distils his top-level training into accessible on-demand modules.
This is our flagship course designed for investors of all backgrounds. But it’s not aimed at hobbyists – taking this course means you have made the decision to become a serious investor.
The 12-month subscription gives you the chance to dramatically improve your investment skills over the course of the next year.
With membership to the Analyst Academy Investor Network included, this course gives you everything you need to learn fast.
Download Brochure
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- Who is this course for
Analyst Academy is designed for serious investors who want to learn how to analyse stocks like professionals
Learn to invest like a professional
Master the tools used by the
world's most successful
investment vehicles.
Master investment analysis
Stop investing blind and playing around in the stock market. Don’t collect hot tips or invest blind, but learn how to research companies properly.
Learn how to manage a portfolio
Learn frameworks and insights to help you make confident decisions, avoid portfolio construction errors, and build a sleep at night, long term portfolio.
Developing the instincts of a hedge fund pro is hard. You will be challenged. So if you’re looking for quick riches on the nexttiny stock, ready to explode 10,000% - please look elsewhere. This course isn’t for you.
Instead, it’s for those who understand that all great rewards demand effort.
This is for serious people, interested in making serious money
Stephen Clapham
Why private investors join Analyst Academy
The course is built to give private investors the same core toolkit professionals rely on, so you can invest with confidence and protect your downside.
If you want to build and manage your own portfolio, you need more than opinions, tips, or a “good story.” You need a repeatable process for understanding a business, valuing it, and managing risk across a portfolio.
What changes when you join?
1) You will stop guessing. You’ll know what to look for in accounts, company announcements and filings so you can quickly identify what matters and what’s just noise.
2) You will make fewer expensive mistakes. Most investors don’t get wiped out by one dramatic event, they bleed from repeated small errors: misunderstanding risk, overpaying, ignoring incentives, missing accounting red flags. You’ll learn how to avoid these pitfalls.
3) You will build a process and a toolkit you can use for life. Instead of “one-off” research, you’ll develop a repeatable framework you can apply to any company, any industry, and any market environment.
4) When you finish the course, you will have become a confident and competent investor.
- Book Now
Become a serious investor with the Analyst Academy
Payment in Full
$2250
30-day money-back guarantee
Use code: SERIOUS
& save 20% when you pay in full
+ get free access to my course How To Read A 10-K (worth $250)
Payment Plan
$199/month
30-day money-back guarantee
Use code: FIRSTMONTH
& get 50% off your first month.
Why investors choose Analyst Academy (and not another investing course)
Most investing education falls into two buckets:
- Entertainment: opinions, predictions, stock pitches.
2. Theory: concepts without a usable process.
3. Superficial: designed for hobbyists, not serious investors
4. Teaches you the investing skills but not what it actually takes to protect your downside and stop gambling.
Analyst Academy is different. It’s designed like professional training: structured modules, worked examples, practical frameworks, and tools you can apply immediately to real companies. You’re not just learning “what to think.” You’re learning how to analyze and how to competently manage your own portfolio.
- Course features
Advanced insight, practically delivered
Thirty modules, all available on-demand
Lessons from a top level practitioner
Live Q&A sessions with Stephen
Access to the Analyst Academy investor community
Explore everything inside the new Analyst Academy today. You’re under no obligation. If you don’t like it, cancel within 30 days for a full refund. But be aware - this is the only online investment education of its kind.
In over 30 years’ experience, including as Partner and Head of Research at huge multi-billion dollar funds, I was responsible for huge positions, sometimes 9-figures on a single stock. Top firms like Schroders, Fidelity and Baillie Gifford choose me to train their analysts.
This is the only course of its type led by an experienced top level former practitioner.
In over 30 years’ experience, including as Partner and Head of Research at huge multi-billion dollar funds, I was responsible for huge positions, sometimes 9-figures on a single stock. Top firms like Schroders, Fidelity and Baillie Gifford choose me to train their analysts.
This is the only course of its type led by an experienced top level former practitioner.
Stephen Clapham
- What's inside
What you'll learn in the Analyst Academy
Accounts are daunting to the untrained, but offer outstanding and fast insight to those who know. In this section Stephen shows you how to approach them, the balance sheet, P&L, cash flow and audit report, accounting policies and notes. All with fascinating worked examples.
In this section Stephen explains the research approaches used at multi-billion hedge funds. How to find ideas, how to check they are valid before going on a deep-dive, company and management. We cover the issue of business quality in detail.
Your guide to the proper valuation of stocks. Starting with a two-parter on valuation theory, and how to value stocks in real life. Stephen explains which multiples to use when, and covers a range of valuation techniques for different circumstances.
How to assemble a robust portfolio and how to keep a watch on it. An in-depth study addressing factors like macroeconomics, when to use technical analysis and most importantly, when to sell.
- Module guide
Module A - Understanding Accounts
Learn how to read financial statements like a forensic accountant. So you can understand a company’s financial reality and spot downside risks quickly.
Balance sheet clues that you can spot immediately to save time and gain an edge over other investors.
Why comparing the profit margins of two companies can be highly misleading.
An important flaw in the cash flow statement that Amazon’s disclosures made painfully obvious.
How to find companies that have become more aggressive in their accounting… simply by using Microsoft Word.
Red flags in company accounts that should immediately put you on edge.
The potential for ROIC to mislead you about a company’s quality – and what I use instead.
3 shortcuts you can use to highlight overpriced stocks and potential frauds quickly.
Module B - How To Pick Winning Stocks
Learn my six-step method for finding and researching investments. Saving your time, energy and money for the ideas with the most potential.
A six minute check that can turn an average idea into a slam-dunk. Pay attention to this one – I shared this piece of advice with every analyst I trained.
A sneaky way to find stocks that are well positioned to deliver an earnings surprise.
The most telling sign of a true moat in a business. Not just according to me, but to Warren Buffett too.
The number one question to answer about any industry. This was a key secret behind the success of funds like Marathon Asset Management and Hosking Partners. Yet almost nobody outside professional circles does this.
- Which trends matter most when analysing future growth. Some of these answers may surprise you.
- What to look for – and ignore – when insiders buy and sell.
- Red flags on company boards. When a company Chairman, who sat on 3 FTSE boards, and was a “Sir”, revealed this to me, I ran from all investments he was involved in.
- How to respond when a director suddenly quits. This always gets markets twitchy. Are they right to be nervous, or just overreacting?
Module C - Valuation
A Swiss army knife of valuation methods, and the wisdom you need to deploy the right ones. Because the price you pay for a stock matters.
- What you need to know about the valuation theory – and what you can confidently ignore.
- A killer mistake that many investors and analysts make when using spreadsheets to value a stock.
Why you shouldn’t always take your stock screener’s data at face value (especially for EV based ratios).
- The risk that comes with using dividend yield as the basis for an investment, and why I do not view it as a valid valuation metric.
- My number one rule for using P/E ratios as part of your analysis. Ignore it at your peril.
A “twisted” valuation method you can use to find stocks that the market may be underestimating.
The key difference between good and bad “sum of the parts” valuations. Hint: things change.
Module D - Construct & Maintain a Portfolio
Frameworks and professional insights to help you make confident decisions, react to market shifts and avoid portfolio construction errors.
Why investors shouldn’t be frightened of technical analysis and definitely can’t ignore it.
Two ‘trigger questions’ I ask – and write down the answers to – before buying a stock.
9 reasons your portfolio may be less diversified than you think it is.
Why a fund manager friend of mine “layers” into positions, plus 3 more techniques to manage risk.
The one thing you MUST do before averaging down in a stock. No exceptions.
How to escape the ‘macro time trap,’ and why most – but not all – world events are little more than a distraction.
- Learn from the best in the industry
Level up your analysis with an experienced hedge fund pro
Stephen Clapham has over 30 years of experience as a professional equities investor.
After establishing himself as a top-rated analyst on the sell-side, he then became a partner and Head of Research at two multi-billion dollar hedge funds.
Today, Steve delivers courses in forensic analysis to teams at the world’s largest and most successful institutions. He hosts a highly regarded investing podcast (top 1% of global podcasts) and runs the online Analyst Academy for professional and private investors.
- Book Now
Become a serious investor with the Analyst Academy
Payment in Full
$2250
30-day money-back guarantee
Use code: SERIOUS
& save 20% when you pay in full
+ get free access to my course How To Read A 10-K (worth $250)
Payment Plan
$199/month
30-day money-back guarantee
Use code: FIRSTMONTH
& get 50% off your first month.