|UMV Home||UMV 100 Lessons|
I have to be careful not to preach
I canít pretend that I can teach
And yet Iíve lived your future out
By pounding stages like a clown
The UMV 100 series is a set of financial market lessons built from the Minyanville Body of Knowledge (BOK). The BOK aggregates core ideas and concepts commonly reflected in the writings of the Minyanville professors. This knowledge base, and how it is expressed, is what helps make Minyanville unique.
Successfully completing this series of lessons by no means makes you a market wizard. Indeed, research suggests that, for fields that require a high degree of tacit knowledge (like finance), it often takes 10+ years of experience and practice to reach a master's level of understanding and skill (Simon, 1987). That said, mastering this series of lessons should help you build a durable foundation upon which you can subsequently build more sophisticated knowledge.
You should be able to complete each lesson in 30-45 minutes. Links to Minyanville content are embedded in each lesson. Be sure to click through and read these posts, as they offer the real-life context that makes learning happen. Plus, you'll get acclimated to the Minyanville lingo along the way.
UMV 100 Curriculum:
|Core Concept||Lesson ID||Topic|
|Balanced Perspective||UMV101||Seeing all sides of a trade|
|UMV102||Making sense of financial information*|
|UMV103||The long and the short of it*|
|Market sensitivity||UMV111||It's not just a stock market!*|
|Technical analysis||UMV121||Price levels and trends|
|UMV122||Identifying time horizons|
|Psychology||UMV131||Market psychology and sentiment|
|UMV132||Volatility, complacency, and fear|
|Risk management||UMV141||Managing risk through diversification*|
|UMV142||Risk management through controlling losses*|
|UMV143||Tail risk and linear thinking*|
|Structural||UMV151||Money, credit, and asset prices: The liquidity effect|
|UMV152||Central banks: Pros and cons|
|UMV154||Yield curves & inversions*|
|Fundamental analysis||UMV161||Trading versus investing|
|Alternative asset classes||UMV171||The case for gold*|
Simon, H.A. (1987). Making management decisions: The role of intuition and emotion. Academy of Management Executive, 1(1): 57-64.