Andrew Stotz
Andrew Stotz
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Insider Information - CFA Ethics Exam Prep (2024)
Are you preparing for the CFA Ethics Exam in 2024 and want to understand the concept of Material Nonpublic Information?
This video delves into the intricate details of Material Nonpublic Information according to the CFA Code of Ethics and Standards of Professional Conduct.
Learn how to navigate this complex topic and ensure you are well-prepared for your exam. Stay ahead of the curve by watching now!
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Standard II(A) Material Nonpublic Information says, “Members and Candidates who possess material nonpublic information that could affect the value of an investment must not act or cause others to act on the information.”
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Learn Ethics from a former CFA Society president with
20+ years of experience teaching Ethics.
When I was president of CFA Society Thailand and looked into the numbers, I found that most students did well in every subject on the CFA exam except Ethics.
So, are CFA candidates unethical? I don’t think so. Instead, it is probably because candidates postpone studying Ethics until the last minute. And by that time, it’s too late.
To address this issue, I have created an online course that combines my nearly two decades of experience teaching CFA Ethics to help YOU raise your test score.
Learn more here: astotz.kartra.com/page/ethicsinfinance
Disclaimer: CFA Institute does not endorse, promote, review, or warrant the accuracy of this video or the products or services offered by A. Stotz Academy. The CFA Institute Logo, CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
Переглядів: 115

Відео

Has Tencent become a private equity fund? A Valuation Master Class Case Study by Andrew Stotz
Переглядів 169Місяць тому
A powerful ecosystem that spans across various industries Click here to download the full pdf: astotz.kartra.com/page/tencent Tencent’s products and services helped shape China’s digital ecosystem - The giant Chinese tech company offers products and services across many sectors - For instance, the so-called Super App, WeChat has become an indispensable part of daily life for many Chinese citize...
Is It Time to Dump Your Starbucks or Fill up Your Cup? By Andrew Stotz
Переглядів 180Місяць тому
What the heck happened to Starbucks? Click here to download the full pdf: astotz.kartra.com/page/starbucksv2 - Reported FY2Q24 recurring EPS of US$0.69, which was -14.3% YoY and -24.3% QoQ - The 6M24 result was 53.2% of our full-year EPS forecast Starbucks had its worst day in trading since June 2022 - Starbucks share dropped nearly 16% on 1st May 2024 - Its CEO and CFO claimed the decline in r...
This is how it feels to graduate from the Valuation Master Class Boot Camp
Переглядів 192 місяці тому
Want to become a Valuation Master? We are offering a pre-recorded Open House so you can: - Watch on-demand Open House video - Download the complete curriculum - Watch snippets of the video lecture - Watch previous students' final presentations - Listen to past students' experiences - And more Sign up now and claim your free spot: astotz.kartra.com/page/recordedopenhouse "We help finance profess...
Richer, Wiser, Happier: How the World’s Greatest Investors Win in Markets and Life. New book course
Переглядів 512 місяці тому
Buffett charged no annual management fee but collected a performance fee of 25 percent of any profits over an annual hurdle of 6 percent. If he made a return of 6 percent or less, he didn’t get paid a dime. My new book course "Richer, Wiser, Happier: How the World’s Greatest Investors Win in Markets and Life." This book takes you through many famous investors' lives and ideas and Warren Buffett...
Nestlé, the M&A Leader, Even Acquired Starbucks (Sort Of)
Переглядів 742 місяці тому
Nestlé is on a roll with acquisitions, including a deal with Starbucks! Learn about Nestlé's M&A strategy and how it impacts the stock market. Click here to download the pdf: astotz.kartra.com/page/nestlepdf Its competitive advantage: Competitive advantage through diverse brand portfolio, global reach, and acquisitions. How it achieved its competitive advantage: By building a diverse brand port...
How does it feel to graduate from the Boot Camp? Transfer to Finance, Pataradanai
Переглядів 192 місяці тому
Want to become a Valuation Master? We have decided to create a pre-recorded Open House so you can: - Watch on-demand Open House video - Download the complete curriculum - Watch snippets of the video lecture - Watch previous students' final presentations - Listen to past students' experiences - And more Sign up now and claim your free spot: astotz.kartra.com/page/recordedopenhouse "We help finan...
How does it feel to graduate from the Boot Camp? Transfer to Finance, Serene
Переглядів 72 місяці тому
Want to become a Valuation Master? We have decided to create a pre-recorded Open House so you can: - Watch on-demand Open House video - Download the complete curriculum - Watch snippets of the video lecture - Watch previous students' final presentations - Listen to past students' experiences - And more Sign up now and claim your free spot: astotz.kartra.com/page/recordedopenhouse "We help finan...
How does it feel to graduate from the Boot Camp? Transfer to Finance, Bunchalit
Переглядів 102 місяці тому
Want to become a Valuation Master? We have decided to create a pre-recorded Open House so you can: - Watch on-demand Open House video - Download the complete curriculum - Watch snippets of the video lecture - Watch previous students' final presentations - Listen to past students' experiences - And more Sign up now and claim your free spot: astotz.kartra.com/page/recordedopenhouse "We help finan...
How does it feel to graduate from the Boot Camp? Student Veng Meng
Переглядів 62 місяці тому
Want to become a Valuation Master? We have decided to create a pre-recorded Open House so you can: - Watch on-demand Open House video - Download the complete curriculum - Watch snippets of the video lecture - Watch previous students' final presentations - Listen to past students' experiences - And more Sign up now and claim your free spot: astotz.kartra.com/page/recordedopenhouse "We help finan...
How does it feel to graduate from the Boot Camp? Student, Sanan Alizada
Переглядів 62 місяці тому
Want to become a Valuation Master? We have decided to create a pre-recorded Open House so you can: - Watch on-demand Open House video - Download the complete curriculum - Watch snippets of the video lecture - Watch previous students' final presentations - Listen to past students' experiences - And more Sign up now and claim your free spot: astotz.kartra.com/page/recordedopenhouse "We help finan...
How does it feel to graduate from the Boot Camp? Student, Uwaga James
Переглядів 32 місяці тому
How does it feel to graduate from the Boot Camp? Student, Uwaga James
How does it feel to graduate from the Boot Camp? Student Pon Wanarot
Переглядів 42 місяці тому
How does it feel to graduate from the Boot Camp? Student Pon Wanarot
How does it feel to graduate from the Boot Camp? Student, Polasant Kullav
2 місяці тому
How does it feel to graduate from the Boot Camp? Student, Polasant Kullav
How does it feel to graduate from the Boot Camp? Student, Azeenat Afolabi
Переглядів 42 місяці тому
How does it feel to graduate from the Boot Camp? Student, Azeenat Afolabi
How does it feel to graduate from the Boot Camp? Student, Phor Kerdphoksup
Переглядів 42 місяці тому
How does it feel to graduate from the Boot Camp? Student, Phor Kerdphoksup
How does it feel to graduate from the Boot Camp? Student, Peeti
Переглядів 32 місяці тому
How does it feel to graduate from the Boot Camp? Student, Peeti
How does it feel to graduate from the Boot Camp? Student, Ngor Dara
2 місяці тому
How does it feel to graduate from the Boot Camp? Student, Ngor Dara
How does it feel to graduate from the Boot Camp? Student, Chelin Park
2 місяці тому
How does it feel to graduate from the Boot Camp? Student, Chelin Park
How does it feel to graduate from the Boot Camp? Investorม Weerawan Techatanadit
Переглядів 22 місяці тому
How does it feel to graduate from the Boot Camp? Investorม Weerawan Techatanadit
How does it feel to graduate from the Boot Camp?
2 місяці тому
How does it feel to graduate from the Boot Camp?
How does it feel to graduate from the Boot Camp? Investor, Nikhil
Переглядів 72 місяці тому
How does it feel to graduate from the Boot Camp? Investor, Nikhil
How does it feel to graduate from the Boot Camp? Investor, Samad
Переглядів 12 місяці тому
How does it feel to graduate from the Boot Camp? Investor, Samad
How does it feel to graduate from the Boot Camp? Investor, Jutamas Srisukpongsak
2 місяці тому
How does it feel to graduate from the Boot Camp? Investor, Jutamas Srisukpongsak
How does it feel to graduate from the Boot Camp? Investment banker, Mudhya
Переглядів 12 місяці тому
How does it feel to graduate from the Boot Camp? Investment banker, Mudhya
How does it feel to graduate from the Boot Camp? Investment Analyst, Miracle Nnaji
Переглядів 12 місяці тому
How does it feel to graduate from the Boot Camp? Investment Analyst, Miracle Nnaji
How does it feel to graduate from the Boot Camp? Financial Analyst, Stephen Darley
Переглядів 12 місяці тому
How does it feel to graduate from the Boot Camp? Financial Analyst, Stephen Darley
How does it feel to graduate from the Boot Camp? Financial Analyst, Christian Lee
Переглядів 42 місяці тому
How does it feel to graduate from the Boot Camp? Financial Analyst, Christian Lee
How does it feel to graduate from the Boot Camp? Finance professional, Sothea Nguon
Переглядів 22 місяці тому
How does it feel to graduate from the Boot Camp? Finance professional, Sothea Nguon
How does it feel to graduate from the Boot Camp? Finance Professional, Zainab Usman
Переглядів 12 місяці тому
How does it feel to graduate from the Boot Camp? Finance Professional, Zainab Usman

КОМЕНТАРІ

  • @HerculesCummings-z9v
    @HerculesCummings-z9v День тому

    Hello Andrew. Excellent presentation. Can you clarify for me if we should use covariance and variance to calculate Beta against the market or do we need to use unlevered asset beta to figure out a company's levered equity Beta? Or am I just confusing methods and they are used for different purposes? Thanks!

  • @abdullh_sareem6277
    @abdullh_sareem6277 12 днів тому

    The market maed price not you 😅

  • @user-ts7uf7cr8o
    @user-ts7uf7cr8o 18 днів тому

    Thanks for the vid

  • @samuelbarnes9243
    @samuelbarnes9243 26 днів тому

    I would say yes. Its been heading that way for a while.

  • @jhh1451
    @jhh1451 Місяць тому

    The charter is still that big

  • @faisalbilal1107
    @faisalbilal1107 Місяць тому

    Dump

  • @slimilacraft7676
    @slimilacraft7676 Місяць тому

    Thank you

  • @gerard4039
    @gerard4039 2 місяці тому

    Malcolm X for me is one of the greatest men if not the greatest for me in the 20 century …. Yup … the US is stile afraid of his name ….

    • @Andrew_Stotz
      @Andrew_Stotz 2 місяці тому

      I just started re-listening to the speeches of Malcolm X, 30 years after I first listened to them. What I missed in my youth, was his astute analysis of politics and the role of the black vote in deciding the outcome of elections.

    • @gerard4039
      @gerard4039 2 місяці тому

      @@Andrew_StotzI am more interested in his opinions of the right to defend yourself , you see the US always tried to present Martin Lutherking as the black saviour ? Liberator because as he said if a white men hit you in one chick give him the other one !!! While Malcolm X said to hit him back … yup … so yea , as a Muslim I don’t pay to much attention to race but yes we can say black peoples today are awful in general , they kill each other , they had become like the white men they hated so much but again Malcolm x explained that by the terms house Nig.er and field Nig-er … yup … do you see , it’s the individuality , I noticed they event in Arabs when it come to Islam ,they try to use it to control , like it’s theirs !!!! God said there is no difference between a black or white of foreigner or local , the only difference is the strength of their faith in god …. So you see , most people are scarred from real justice … god bless Malcolm x

  • @vidya014
    @vidya014 2 місяці тому

    ROA = Return on the entire capital ROIC = Return on the invested portion of entire capital

    • @Andrew_Stotz
      @Andrew_Stotz 2 місяці тому

      with ROA, I wouldn’t say it’s the entire capital, because a portion of ROA could be funded by accounts payable, for example. Which I wouldn’t classify as capital.

    • @vidya014
      @vidya014 2 місяці тому

      Whether it is payable goods or bank loan owed, as long as you haven't re-payed, there are borrowings. They are capitals.

    • @nateNT90
      @nateNT90 22 дні тому

      Finally somebody who sees it like I see it. Nice to see.

    • @vidya014
      @vidya014 22 дні тому

      @@Andrew_Stotz those are included in the entirety. You have to change your mindset. Entire Equity + entire liabilities = entire capital = entire asset. ROA = Return on entire asset = return on entire capital

  • @vidya014
    @vidya014 2 місяці тому

    MagicPE Merit Scores = ROIC * E/P

  • @vidya014
    @vidya014 2 місяці тому

    MagicPE & MagicPEG

  • @raghukodagali
    @raghukodagali 2 місяці тому

    to compare tesla with BYD is to compare Apple Iphone with huwawei mobile... common. what are we even comparing about???

    • @Moamen197
      @Moamen197 2 місяці тому

      When it comes to quality, I agree that Tesla might be a bit better than BYD but I don't think by far. But, how about thinking about it in another way! Like, how about if Tesla lost the major EV market (China) to BYD completely like what happened in the most recent quarter? How about saying that people are accepting the slight differences in favor of a lower-cost EV? Finally, why would Tesla go and lower prices in China if BYD is not a competitor?

  • @hebatorad1890
    @hebatorad1890 2 місяці тому

    Thank you

  • @Blackwidow559
    @Blackwidow559 2 місяці тому

    Starts from 10:20

  • @MonacoPoker
    @MonacoPoker 2 місяці тому

    Vidéo start at 01:02

  • @r83rafael
    @r83rafael 3 місяці тому

    I have been fired last month, and now i am persuing a carrer as a web designer, got my first client but not enough to keep the ´´lifestyle´´ i had before going out every week with my friends and ´´girlfriend´´. Right now i feel very lonely but at least i am following my dreams and living what i really wanted last year. Hope things go well in the next months.

    • @Andrew_Stotz
      @Andrew_Stotz 2 місяці тому

      I wish you all the best. One of the most important things I have learned is to have at least one close friend you can trust. If you don’t have that, I recommend you go out and find them. There are so many people in this world, that would welcome your friendship.

  • @johnarvinbarcelona387
    @johnarvinbarcelona387 3 місяці тому

    thank you

  • @schoolofalchemy
    @schoolofalchemy 3 місяці тому

    Thanks for the review, Andrew Stotz. I'd like to see a review before I buy.

  • @ChangHPark
    @ChangHPark 3 місяці тому

    I don't usually leave comments but this video is insightful and made easy to understand. Nice to see those students who did the ground work being acknowledged. Nice work and I became a big fan.

    • @Andrew_Stotz
      @Andrew_Stotz 3 місяці тому

      Glad you enjoyed it! The students have done tremendous work

  • @tonyc9035
    @tonyc9035 3 місяці тому

    Hmmm... Wasted me 23 minutes... All analysis is about a CAR maker?? How about FSD and AI? Energy Generation & Supply? Robotics?? I think your studenrs missed the point. Back to the drawing board please... 🤔🤔

    • @Andrew_Stotz
      @Andrew_Stotz 3 місяці тому

      Thanks for your comment. The students are beginners...never wrote a research report like this ever. I will take your suggestions on board and work to improve.

  • @gc-hn4ky
    @gc-hn4ky 3 місяці тому

    more like disasterclass

  • @marioxmariox
    @marioxmariox 3 місяці тому

    I don't think many realize the actual growth of Tesla megapack as it hasn't really shown up in revenue yet. Tesla did $6 billion in revenue in 2023 and added $3.4 billion in deferred revenue which is waiting for projects to be connected to the grid. Tesla is going to report megapack production, deliveries and revenue starting this quarter. Tesla only breaks this out when growth starts to happen. I think Tesla energy does $10-12 billion in revenue for 2024, and with Tesla giving more details on energy, analysts will start pricing in the real growth. I think Tesla is being really underestimated by the market.

    • @Andrew_Stotz
      @Andrew_Stotz 3 місяці тому

      That's very helpful! If Tesla can do that $10-12bn you mention it may be cause for an upgrade! Thanks for your comments.

  • @EricPham-gr8pg
    @EricPham-gr8pg 3 місяці тому

    If tesla use some part invest in manufacturer capacity of south Korea and California and Arizona airline grave yard recycling parts plus all junk yard car to precess back fiber glass and magnets and magnesium and air conditioner compressor , and steering pumps , and transaxle each cost few penies can make tesla car cost tess to produce

    • @Andrew_Stotz
      @Andrew_Stotz 3 місяці тому

      That's a good point. There is a tremendous amount of the rare earths and raw materials already mined and discarded. But the question is, how much will it cost to extract that.

  • @Dianaandtheroses
    @Dianaandtheroses 3 місяці тому

    Sooo true ❤❤❤🎉

  • @lilhaxxor
    @lilhaxxor 4 місяці тому

    I was leaving a like because you said some accurate things about Toyota, but as soon as you began your rant about "financially world class", I downvoted. It's like focusing on Tesla because they can generate hype and get their stock price really high, even if they produce garbage cars, that actually get people killed because they pretend self-driving works. I mean, you should revisit your outlook on life, if these are your values.

  • @evangordon711
    @evangordon711 4 місяці тому

    I'm 14 and started 9th grade this year. I've been worried about my grades so much all year because I'm worried about not being able to get a job that will pay for my happiness, but I have been realizing that it's not money that gives happiness- it's knowing that people care about you and having friends and just exploring the earth and the environment. None of that takes very much money.

    • @Andrew_Stotz
      @Andrew_Stotz 2 місяці тому

      you are so right in what you say. Keep building deep friendships and your life will be amazing. Last night I had dinner with my friend of 40 years.

  • @vidya014
    @vidya014 4 місяці тому

    PEG = 1 G = Revenue Growth, Net Income Growth, Profit After Tax Growth, whichever the lower indeterming the purchasing fair value.

  • @grooved_arete
    @grooved_arete 4 місяці тому

    Re: Tesla presentation, Good effort young man!

    • @Andrew_Stotz
      @Andrew_Stotz 2 місяці тому

      indeed. I’m always impressed to see my students go from zero to this point.

  • @SelcukGunerr
    @SelcukGunerr 4 місяці тому

    Is this a good time to invest in BYD?

  • @mitchcook5252
    @mitchcook5252 4 місяці тому

    thank you Andrew very helpful

  • @Mrconcretecoatings
    @Mrconcretecoatings 4 місяці тому

    Great

  • @emincapak
    @emincapak 5 місяців тому

    beğendimmm

  • @MrHelmiaziz
    @MrHelmiaziz 6 місяців тому

    Let me tell u something. KUB Malaysia is not in a good shape, one example is the subordinate company SOLARGAS jb. Major improvement at platform a new restructure management is needed. HELMI(BOB)

  • @andraanggrawijaya3062
    @andraanggrawijaya3062 6 місяців тому

    Company A has new assets, company B has old assets need to be replaced. In assessing whether, after Company B replaces old assets, it can outperform Company A, what needs to be analyzed?

  • @mjwmontgomery
    @mjwmontgomery 6 місяців тому

    Now under 10 baht.

  • @WCUA195
    @WCUA195 6 місяців тому

    . . . Okay and you’re reading this on Wednesday the 13th, the 11th of 2023 if you live in Birmingham find a local Morrisons, shall go at 8 o’clock so hurry. It’s very weird, but you can buy one tiny can of Coca-Cola for free it’s very small and it fits in your hand easily go get yours now!

  • @yashrajsingh3960
    @yashrajsingh3960 6 місяців тому

    Thank you for the elaboration. I was looking for a quality video like this. Please keep it up! I'm looking forwards to your new content.

    • @Andrew_Stotz
      @Andrew_Stotz 6 місяців тому

      Thank you for watching!

    • @Andrew_Stotz
      @Andrew_Stotz 6 місяців тому

      We are accepting students for our next Valuation Master Class Boot Camp on Jan 8, 24. See if you are interested or please help us spread out the words in case you may know someone who is interested valuationmasterclass.com/bootcamp

  • @anshulsoni-di7wp
    @anshulsoni-di7wp 7 місяців тому

    RESPECTED SIR,❤ I'm preparing for MBA entrance exams to get into top business schools, with a focus on finance FIELD . Could you guide me on the best certification courses and advanced skills I can learn before starting my MBA?

    • @Andrew_Stotz
      @Andrew_Stotz 6 місяців тому

      CFA is the best finance education. Valuation Master Class Boot Camp is focused on only company valuation

  • @anshulsoni-di7wp
    @anshulsoni-di7wp 7 місяців тому

    Sir, please make videos on business case studies that are taught in top business schools worldwide.... That will help us a lot.

  • @anshulsoni-di7wp
    @anshulsoni-di7wp 7 місяців тому

    RESPECTED SIR,❤ I'm preparing for MBA entrance exams to get into top business schools, with a focus on finance FIELD . Could you guide me on the best certification courses and advanced skills I can learn before starting my MBA?

    • @Andrew_Stotz
      @Andrew_Stotz 6 місяців тому

      If you are interested in valuation, check out our own Valuation Master Class Boot Camp. A 6-week program that includes: - 30 hours of video content - 3 live sessions per week - Value 2 companies - Write and present a complete equity research report - Improve your LinkedIn to attract recruiters - And because we know it is HARD, we do provide you with continuous support and feedback from me and our team The next one is Jan 8, 24 and we are accepting students now. valuationmasterclass.com/bootcamp/

  • @alaataktokani8884
    @alaataktokani8884 7 місяців тому

    Excellent video, I have not thought I would watch the full video at first, but it felt like 10 minutes, thank you it was very informative and well explained.

    • @Andrew_Stotz
      @Andrew_Stotz 2 місяці тому

      thank you very much. It took some time to put this together, but I felt it was worth it.

  • @Virajjj97
    @Virajjj97 7 місяців тому

    What

  • @motavitionsoul
    @motavitionsoul 7 місяців тому

    Thanks sir you just opened a whole page for me

  • @vidya014
    @vidya014 7 місяців тому

    You should not have deducted out the cash and cash equivalent out from the denominator.

  • @vidya014
    @vidya014 7 місяців тому

    ROIC = Return on Invested Capital ROA = Return on Entire Capital

  • @Flor-ian
    @Flor-ian 7 місяців тому

    Thanks for this video! Very interesting analysis!

    • @Andrew_Stotz
      @Andrew_Stotz 7 місяців тому

      Thanks for watching!

    • @Andrew_Stotz
      @Andrew_Stotz 6 місяців тому

      We are accepting students for our next Valuation Master Class Boot Camp on Jan 8, 24. See if you are interested or please help us spread out the words in case you may know someone who is interested valuationmasterclass.com/bootcamp

  • @sambowman91
    @sambowman91 7 місяців тому

    Oh, that’s why a 12 pack costs 10 fucking dollars. Greedy bastards.

    • @sambowman91
      @sambowman91 7 місяців тому

      They might as well actually be selling Coke.