Access free tools and notes to these lessons at: www.BuffettsBooks.com









In this lesson, we learned the importance of always understanding the consequences of our actions. Buying and selling stock can have an enormous impact on our success as an investor. The most important thing to learn from this lesson is the emotional decisions when selling stock can often lead to very poor results.

We learned that there are two major rules for knowing when to sell stock:

1. We sell stock when we can trade the capital into an investment that will produce a larger return after accounting for the capital gains tax paid (state and federal). In addition, you'll want to ensure the risk assumed is comparable for the return received.
2. We sell stock when the business changes its fundamentals. This could mean the way they manage debt. The future outlook for earnings is decreasing...etc

Although the process of accounting for a change in assets is laborious, its purpose often results in enormous financial decisions. Mastering the techniques taught in this video will undoubtedly lead to your success as an intelligent investor.

1. What is Value Investing?
2. Value a Small Business like Warren Buffett
3. What is a Balance Sheet and Margin of Safety
4. What is a Share
5. (PE). Finding Basic Stock Terms
6. Warren Buffett Stock Basics
7. What is a Bond
8. What are the components of a bond
9. Value a Bond and Calculate Yield to Maturity (YTM)
10. What is the Stock Market
11. Stock Market Crash and Market Bubbles
12. What is the Fed
13. What is Financial Risk
14. What is Inflation
15. What is the S&P Rating
16. What is a Yield Curve
17. How to use a Bond Calculator
18. Warren Buffett's Four Rules to Investing
19. Warren Buffett's 1st Rule - What is the Current Ratio and the Debt to Equity Ratio
20. Warren Buffett's 2nd Rule - Understanding Capital Gains Tax
21. Warren Buffett's 3rd rule - A stock must be stable and understandable
22. Warren Buffett Intrinsic Value Calculation - Rule 4
23. What is Preferred Stock
24. Calculate Yield to Call and How to buy Preferred Stock
25. Calculate Book Value with Preferred Stock
26. What is Income Investing
27. What is a Cash Flow Statement
28. How to read a cash flow statement
29. When to sell stock like Warren Buffett
30. What is Return On Equity - Warren Buffett's Favorite Number
31. (PE) Return on Equity Practical Exercise
32. What is Stock Volume
33. How to calculate stock terms
34. How to use a stock screener
35. What is Goodwill on a Balance Sheet
36. Warren Bufett's Owner's Earnings Calculation
37. Warren Buffett DCF Intrinsic Value Calculator

This course will teach you how to invest in stocks and bonds like Warren Buffett. It is highly recommended that you take all the lessons in order.

Download Preston's 1-page checklist for finding great stock picks: http://buffettsbooks.com/checklist

Preston Pysh is the #1 selling Amazon author of two books on Warren Buffett. The books can be found at the following location:

http://www.amazon.com/gp/product/0982967624/ref=as_li_tl?ie=...

http://www.amazon.com/gp/product/1939370159/ref=as_li_tl?ie=...