IntermediateStocks
The 8 Pillars in Practice
Work through each pillar on real companies, including the cases where a failed pillar is acceptable and the cases where it ends the analysis.
16 lessons5h 50m4 modules
What the course covers
Module 1The screen and what it is for3 lessons · 0h 50m
Why eight unweighted pass-or-fail tests beat a single score.
- 1Why a screen, not a scoreFree preview16m
- 2Where every threshold comes from21m
- 3Reading a pillar grid in thirty seconds13m
Module 2Price and quality pillars4 lessons · 1h 32m
P/E, price to free cash flow, and ROIC on real companies.
- 1The two valuation pillars24m
- 2ROIC: the quality pillar26m
- 3Worked example: a business that passes all three22m
- 4Worked example: expensive but excellent20m
Module 3Growth and safety pillars3 lessons · 1h 5m
The three growth tests, share count, and debt to free cash flow.
- 1When the three growth pillars disagree25m
- 2Share count and quiet dilution18m
- 3Debt to free cash flow as a survival test22m
Module 4When a failed pillar is acceptable6 lessons · 2h 23m
The judgement the screen cannot make for you, which is the whole course.
- 1The defensible failures24m
- 2The failures that end the analysis21m
- 3Banks, cyclicals, and where the screen breaks26m
- 4Case study: seven of eight, and the one that matters28m
- 5Case study: five of eight, and worth owning25m
- 6Building your own threshold variants19m