Complete beginner looking to learn company valuation – where should I start?
u/Specific_Escape4987 ·
Reddit — r/ValueInvesting
· April 06, 2026 at 08:03
· ⬆ 15 pts
· 💬 17 comments
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Summary
A new investor is seeking foundational resources (books, courses, videos) to learn the basics of company valuation and business analysis.
The post asks for guidance on practical application of valuation techniques (e.g., DCF) and the balance between quantitative and qualitative analysis.
Quality assessment: This is a beginner's request for educational guidance, not investment research or due diligence. It is "noise" in the context of generating specific trade ideas.
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Hey everyone,
I'm looking to dive into company valuation, but I'm basically starting from scratch. My main goal is to learn how to analyze a business so I can get a better idea of whether they are positioned to do well in the near future (and ultimately, if they are actually a good investment).
There is a massive amount of information out there, and I'm feeling a bit overwhelmed by where to begin. I'm hoping you can help point me in the right direction.
I'd love your recommendations on, but not limited to:
1) The absolute basics: Are there any specific books, YouTube channels, or free courses you'd recommend for someone without a formal background in finance or accounting?
2) Practical application: Once I learn the core concepts (like DCFs or looking at balance sheets), what are the best ways to practice valuing real, public companies?
3) The "Art" vs. "Science": How much of your own process is based on hard math and 10-Ks versus qualitative factors like management, industry trends, and competitive moats?
I know this is a marathon and not a sprint, so I'm just looking for the best stepping stones to get started. Any advice, favorite resources, or warnings about common beginner mistakes would be hugely appreciated.