Learning path
Investing basics
Everything you need before putting money in the market. No upsells, no YouTube-guru energy — just the concepts that actually matter, with Larry's commentary throughout.
Educational content only. Not financial advice.
Larry says
"Most people learn investing from people who profit from their confusion. I don't profit from anything — I'm a bear with a blog. Start with the emergency fund article. Everything else can wait."
Academy articles
How to start investing
The zero-to-one guide. Emergency fund first, then brokerage, then buying your first index fund.
What is a stock?
A share of ownership. What that actually means in practice — dividends, voting, risk.
Index funds and ETFs
The boring investment that beats most fund managers. Why low-cost indexing works.
Compound interest
The eighth wonder of the world, according to Einstein (who probably never said that). Still real.
Dollar-cost averaging
Invest a fixed amount at regular intervals. Remove timing from the equation entirely.
Expense ratio
The silent killer of long-term returns. What 1% fee costs you over 30 years will upset you.
Asset allocation
Stocks vs bonds vs cash. How to split your portfolio based on risk tolerance and time horizon.
Emergency fund
3-6 months of expenses. In cash. Before you touch the stock market. Non-negotiable.
Key terms to know
Put it into practice
Compound interest calculator
See what your money looks like in 30 years.
CalculatorDCA simulator
Model regular investing vs lump sum.
CalculatorExpense ratio impact
See how 1% fee erodes your returns.
Ready for more?