Financial Statements Overview - Financial statements are essential for long-term investors to analyze a company's investment potential [3] - The three primary financial statements are the income statement, cash flow statement, and balance sheet [4] - These reports provide a snapshot of a business's operations and raw data for investment assessment [4] Income Statement (Profit and Loss Statement) - The income statement reveals a company's revenues, expenses, and profits over a period [5] - It provides insights into profitability and operational efficiency [5] - Key metrics include revenue growth, gross margins, and net income [5] Cash Flow Statement - The cash flow statement tracks how a company generates and uses cash [6] - It helps investors assess liquidity, indicating whether a company can meet its obligations [7] - Key metrics include operating cash flow and free cash flow [7] Balance Sheet - The balance sheet records a single snapshot in time, showing what a company owns versus what it owes [8] - It helps determine the financial strength of a company [8] - Key metrics include total assets, total liabilities, and shareholders' equity [8] Financial Ratios & Analysis - Investors use financial ratios to analyze a company's operations [2] - Guru Focus provides charts to visualize money flow in and out of a company for each financial statement [6]

Investment Analysis Framework - The industry suggests using a quick analytical litmus test to determine if a company warrants investment consideration [1] - Fundamental strength analysis can be efficiently conducted using the GF score [1] - Relative standing against competitors and margin maintenance ability can be assessed via the moat score on Guru Focus [2] - Industry overview tools on Guru Focus can help determine if a business operates in a supportive industry for growth [2][3] - Stocks that meet all three criteria warrant further investigation [3] Further Investigation - Major financial statements reported by publicly traded companies are important for deeper analysis [4] - Key financial metrics and ratios are used to analyze financial reports [4] - Common traps that can trip up investors should be avoided [4] - Developing a deeper level of understanding is crucial for long-term investors [4]

Financial Statements Overview - The report introduces the three core financial statements: the income statement, balance sheet, and cash flow statement [1] - These statements reveal a company's performance and financial health [1] - They are important for long-term investors to understand a business's financial health [1] Educational Resource - Further learning resources are available at GuruFocus.com/GuruUniversity [1]

Stock Classification - Market capitalization is a common way to classify stocks, representing the total monetary value of a company's outstanding shares [2][3] - Large-cap stocks, with market capitalization greater than $10 billion, tend to be stable with lower volatility and high dividend yields [4] - Small-cap stocks, with market capitalization under $2 billion, have potential for rapid expansion but carry more risk [5] - Mid-cap stocks offer a balance between stability and growth opportunities [6] Investment Styles - Value stocks trade at a price below their intrinsic value, offering potential opportunities [8] - Growth stocks are expected to have rapid intrinsic value growth, justifying their current market price [9][10] - Dividend stocks are from established companies that distribute profits as dividends, providing a steady income stream [10][11] Investment Vehicles - Mutual funds are portfolios managed by professionals, offering diversification but with management fees [12][13][14] - ETFs (Exchange-Traded Funds) are static baskets of stocks, providing diversification without active management fees [14][15]

Basics of Stocks - Stocks, also known as shares, represent ownership in a company, providing partial claims to its assets and earnings [1][2] - Companies issue shares to raise capital, often through an IPO (Initial Public Offering), which lists the company's shares on the stock market [2] - Stock prices are determined by supply and demand, with investor demand largely based on the expected future performance of the company [3] Investment Principles - An investment is anything expected to gain value or generate income over time, with stocks achieving this through capital appreciation and dividends [5][6] - Capital appreciation occurs as a company grows in value, increasing the value of its shares; dividends involve companies distributing excess profits to shareholders [7][8] - Reinvesting returns generates further returns, creating a compounding effect that significantly increases wealth accumulation over time [12] Investing vs Saving - Investing allows for returns that can outpace inflation, building wealth over time, unlike saving which may lose value due to inflation [11][12] - Compounding is a powerful effect where investment returns generate their own returns, leading to substantial growth over time [12][13] - Starting to invest early is crucial, as it allows more time for money to compound and grow [15]

Investment Education - Guru Focus aims to empower individuals to control their financial future [2] - The course provides foundational knowledge for informed and independent investment decisions [2] - The course covers high-level basics of investing and granular company analysis [3] Course Content - The course teaches how to analyze companies in detail [3] - The course teaches how to leverage tools to simplify the investment process [3]

GuruFocus Platform Overview - GuruFocus offers a weekly YouTube Live session for platform walkthroughs [1] - The session is designed for new users, trial members, and longtime subscribers [1] - The session duration is 30 minutes, including a live Q&A [1] Session Content - The session covers platform navigation and the All-in-One Screener for idea discovery [1] - Valuation tools, Guru Trades & Insider Trends are also covered [1] - Portfolio tools, watchlists, and price alerts are demonstrated [1] - Practical workflows for beginners and power users are presented [1] Target Audience - The session is for anyone evaluating GuruFocus [1] - New members setting up their workflow should attend [1] - Current subscribers looking for time-saving tips and hidden features are encouraged to participate [1]

Investment Strategies & Tools - GuruFocus shares how users can leverage its features to identify promising investment opportunities [1] - The discussion includes insights on current market valuations [1] - GuruFocus introduces GuruAI, a new feature for investment analysis [1] - Stock Alerts, another new feature, is highlighted [1] - Brokerage Portfolios feature is in progress [1] - GuruFocus compares DCF (Discounted Cash Flow) and GF Value methods [1] - Screeners and My Rankings tools are demonstrated [1] - GF Value Rank and Backtesting functionalities are explained [1] - Various valuation methods are discussed [1] Market Analysis & Specific Stocks - The meeting addresses the impact of the Presidential Election on the market [1] - The reasons behind the decline in gold prices are explored [1] - Specific stocks like SMCI (Super Micro Computer), SPS Commerce, ASML, CELH (Celsius Holdings), PLTR (Palantir Technologies), and EVVTY are analyzed [1] - Warning signs and alerts for SMCI are discussed [1] - The application of Joel Greenblatt's Magic Formula is demonstrated [1] - GuruFocus analyzes Warren Buffett's asset allocation strategy [1] - The most broadly held portfolio among gurus is examined [1] - Strategies for investing in an overvalued market are presented [1] - An aggregated portfolio of gurus is reviewed [1]

During the meeting, Dr. Tian shared how users can take advantage of GuruFocus features to find good investment opportunities in the market. He also commented on current market valuations and answered questions from GuruFocus members about the site, different features, the market or investment philosophies/strategies. We hope you learn how to get the most out of your membership! Please like, subscribe and comment below! ------------------------------------------------------------------- #valueinvesting #Warr ...

Get more out of GuruFocus in just 30 minutes! Join our weekly YouTube Live session for a guided walkthrough of the All-In-One Screener and backtesting tools—perfect for new users, trial members, and longtime subscribers who want to sharpen their workflow. When: Wednesday at 1:00PM CDT Where: YouTube Live Duration: 30 minutes + live Q&A What we’ll cover (live demo): Using the All-in-One Screener for idea discovery Creating and saving custom screens Custom filters and rankings Backtesting Your questions! Who ...