Equities

Equities, in finance, represent ownership shares or stocks in a company. These shares are bought and sold on the stock market, allowing investors to participate in a company’s profits and potential growth. Owning equities entitles shareholders to voting rights, dividends, and a claim on the company’s assets in case of liquidation. Equities are considered a higher-risk investment due to their potential for volatility but also offer the opportunity for significant returns.

Working Capital Explained | The Metric That Predicts Cash Problems

In this video, I break down working capital, one of the most fundamental measures of a company’s short-term financial health that explains why a profitable company can still go bankrupt. You’ll learn exactly what working capital is, how to calculate it using current assets minus current liabilities, and I walk through each component — cash, receivables, and inventory on the asset side, and payables, short-term loans, and accrued expenses on the liability side. I explain the critical cash flow timing gap that working capital is designed to cover, and I show you how to interpret both positive and negative working capital with a detailed subscription software example where negative working capital isn’t a red flag but actually reflects favorable cash timing. I also cover why industry context matters — manufacturing companies need positive working capital while software companies collecting annual payments upfront can run negative and still be financially healthy — and I explain the quality warning every investor needs to understand: working capital tells you the quantity of the cushion, but not whether receivables are collectible or inventory is saleable. Whether you’re analyzing financial statements for the first time or evaluating whether a company can keep the lights on, this video gives you everything you need to understand how working capital really works.

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Chapters
0:00 – Introduction
0:14 – The Working Capital Formula
0:39 – The Cash Flow Timing Gap
0:56 – Positive vs. Negative Working Capital
1:11 – When Negative Working Capital Isn’t Bad
2:47 – The Quality Warning
3:08 – Key Takeaways

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*Disclosure: This is not financial advice and should not be taken as such. The information contained in this video is an opinion. Some of the information could be wrong. This channel is owned and operated by Portfolio Constructs LLC. Some of the links above are affiliate links, meaning, at no additional cost to you, I will earn a commission if you click through and make a purchase.

The South Sea Bubble of 1720: How It Unfolded

The South Sea Bubble of 1720 turned a government debt-conversion scheme into Britain’s first great stock market crash, sending South Sea Company shares from about £128 to more than £1,000 and back to £124 within a year. This documentary traces how war debt, the company’s asiento slave-trading contract, John Law’s Mississippi scheme, and Parliament’s £31.5 million conversion deal set the stage. I break down the conversion arithmetic, installment subscriptions, loans against South Sea stock, and political payoffs that helped drive the boom—and the credit reversal that accelerated the collapse. It also follows Isaac Newton’s trades, the 1721 parliamentary reckoning, and the debate over whether investors were irrational or responding to genuine financial innovation. Whether you study financial history or want to understand how leverage, incentives, fraud, and liquidity can combine inside a bubble, this video gives you a sourced account of how the South Sea Bubble unfolded.

Chapters
0:00 – The South Sea Bubble: From War Debt to Company Shares
1:30 – John Law’s Model and the Debt-Conversion Engine
2:46 – Subscriptions, Stock Loans and Political Payoffs
3:47 – London Mania and the £1,050 Peak
4:44 – The Credit Loop Reverses and the Crash Begins
6:27 – Isaac Newton and Parliament’s Reckoning
7:35 – What Actually Inflated the South Sea Bubble?
8:35 – The 295-Year Legacy

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*Disclosure: This is not financial advice and should not be taken as such. The information contained in this video is an opinion. Some of the information could be wrong. This channel is owned and operated by Portfolio Constructs LLC. Some of the links above are affiliate links, meaning, at no additional cost to you, I will earn a commission if you click through and make a purchase.

The 1929 Stock Market Crash and the Great Depression: How It Unfolded

The 1929 stock market crash came in two October days — Black Thursday, October 24 and Black Tuesday, October 29 — at the end of a decade in which the Dow Jones Industrial Average had multiplied nearly six times over. I walk the timeline from the August 1921 low near 64, through the September 3, 1929 peak at 381.17, Roger Babson’s warning, Irving Fisher’s “permanently high plateau,” and the margin borrowing that turned falling prices into forced selling. Then the crash week itself: a record 12.9 million shares on Black Thursday, the bankers’ pool at J.P. Morgan and Company, and the 16.4 million-share collapse of Black Tuesday. I also cover the part the popular story usually gets wrong — October 1929 was not the bottom, and the Dow did not close at 41.22 until July 1932, roughly 89% below its peak. The video closes with the competing scholarly explanations for the Great Depression, the myth that everyone owned stocks, and the reforms that rewrote American finance.

Chapters
0:00 – The Morning of October 24, 1929
0:27 – The Boom: A New Era on Wall Street
0:54 – The Peak, Babson’s Warning, and Fisher’s Plateau
1:39 – Buying on Margin: The Machine That Feeds Itself
2:35 – Black Thursday and Black Tuesday
4:33 – Not the Bottom: The Long Slide to 1932
5:05 – Did the Crash Cause the Great Depression?
5:56 – Reform, Reckoning, and the Lesson of 1929

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*Disclosure: This is not financial advice and should not be taken as such. The information contained in this video is an opinion. Some of the information could be wrong. This channel is owned and operated by Portfolio Constructs LLC. Some of the links above are affiliate links, meaning, at no additional cost to you, I will earn a commission if you click through and make a purchase.

What Is Game Theory? Explained In 4 Minutes

Game theory is the study of strategic decision-making, where your best move depends on what everyone else chooses. You’ll learn how the prisoner’s dilemma works, what a dominant strategy is, and how a Nash equilibrium can lock two rational players into an outcome that’s worse for both. I walk through the classic prisoner’s dilemma with actual payoffs, then show the exact same trap in an airline price war and OPEC’s oil quotas. I also cover the real limits of game theory — why people cooperate more than the math predicts, why fairness matters, and why it’s a lens, not a crystal ball. Whether you’re a student, an investor, or just curious how strategy really works, this video gives you everything you need to understand game theory.

Chapters
0:00 – The Price War Paradox
0:26 – What Is Game Theory?
0:56 – The Prisoner’s Dilemma
1:39 – Dominant Strategy
2:07 – Nash Equilibrium
2:33 – Price Wars & OPEC: Real-World Traps
3:29 – The Limits of Game Theory

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*Disclosure: This is not financial advice and should not be taken as such. The information contained in this video is an opinion. Some of the information could be wrong. This channel is owned and operated by Portfolio Constructs LLC. Some of the links above are affiliate links, meaning, at no additional cost to you, I will earn a commission if you click through and make a purchase.

The End of the Gold Standard: Could It Return?

On August 15, 1971, President Richard Nixon suspended the dollar’s convertibility into gold, ending the Bretton Woods system and cutting the last formal tie between the U.S. dollar and the metal. This documentary traces the story from the 1944 Bretton Woods conference through the Triffin dilemma, the run on American gold, the London Gold Pool’s 1968 collapse, and the secret Camp David weekend that produced the decision. I read the decisive lines from the printed Public Papers of the Presidents, then follow the aftermath through the Smithsonian devaluation to $38 an ounce, the 1973 move to $42.22, and the float that ended the system. I also lay out the competing explanations economists give for why it broke — design flaw, policy, and politics — and correct the popular legend that France sent a warship to collect its gold. Finally, I work through the arithmetic any return to gold would face today, including what $23 trillion of M2 against 261.5 million ounces would imply for the price.

Chapters
0:00 – Cold Open: The Sunday Night Broadcast
0:34 – Bretton Woods, 1944: How the System Worked
1:31 – The Triffin Dilemma and the Squeeze on Gold
2:39 – The Run on American Gold, 1961-1971
4:13 – Camp David and the August 15 Address
5:07 – Fallout: Smithsonian, $42.22, and the Float
6:03 – Why It Broke: Design, Policy, Politics
6:43 – Would the Gold Standard Work Today?

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3. Wharton & Wall Street Prep Private Equity (PE): https://ryano.finance/wharton-pe
4. Wharton & Wall Street Prep Financial Planning & Analysis (FP&A): https://ryano.finance/wharton-fpa
5. Wharton & Wall Street Prep Value Investing: https://ryano.finance/wharton-avi
6. Wharton Restructuring & Distressed Investing Certificate: https://ryano.finance/wharton-rdi

*Disclosure: This is not financial advice and should not be taken as such. The information contained in this video is an opinion. Some of the information could be wrong. This channel is owned and operated by Portfolio Constructs LLC. Some of the links above are affiliate links, meaning, at no additional cost to you, I will earn a commission if you click through and make a purchase.

What Is Private Equity Investing? Explained Simply

In this video, I break down private equity (PE), one of the most influential yet least understood parts of the investing world. You’ll learn exactly what private equity means, how it differs from public markets like the shares you buy in Apple or Microsoft, and who the key players are — the limited partners (LPs) who provide the capital, the general partners (GPs) who run the funds, and the portfolio companies they acquire. I walk through how a typical PE fund works across its roughly ten-year lifecycle, and I break down the “2 and 20” fee structure of management fees and carried interest with real numbers. I also cover how private equity firms actually try to create value — from cutting costs and bringing in new management to using leverage and expanding into new markets — and where PE fits alongside strategies like growth equity and venture capital. Plus, I explain the key limitations every investor should understand, including locked-up capital, high minimums, fees that reduce net returns, leverage risk, and the J-curve. Whether you’re curious what happens when a household-name brand gets acquired and restructured or you’re weighing private equity as a career path, this video gives you everything you need to understand how private equity really works.

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Chapters
0:00 – Introduction
0:19 – What is Private Equity?
0:57 – The Players: LPs, GPs & Portfolio Companies
1:41 – The Fund Lifecycle
2:15 – Fees: The “2 and 20” Model
2:45 – How PE Firms Create Value
3:26 – Limitations & Key Takeaways

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5. Wharton & Wall Street Prep Restructuring & Distressed Investing: https://ryano.finance/wharton-rdi

*Disclosure: This is not financial advice and should not be taken as such. The information contained in this video is an opinion. Some of the information could be wrong. This channel is owned and operated by Portfolio Constructs LLC. Some of the links above are affiliate links, meaning, at no additional cost to you, I will earn a commission if you click through and make a purchase.

Seeking Alpha Premium Review | Is It Worth It?

Seeking Alpha Premium gives you access to quant ratings, analyst recommendations, and powerful stock screeners — here’s a full walkthrough of whether it’s worth the subscription. I cover the Top Stocks screener, individual stock summaries, buy/sell recommendations, company valuations, earnings data, dividends, and growth metrics. You’ll see exactly how I analyze stocks like SEZL and GM using their rating system, plus how to compare stocks against their peers. I also dive into ETF analysis, custom screener filters, and how to import your own portfolio for tracking. Whether you’re a beginner looking for stock ideas or an experienced investor wanting deeper research tools, this walkthrough shows you everything Seeking Alpha Premium offers.

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Chapters:
0:00 – Seeking Alpha Premium Review Intro
0:35 – “Top Stocks” Screener
1:34 – Individual Stock Summaries
2:17 – Buy/Sell Recommendations From Analysts
3:56 – Company Valuations
6:00 – Company Earnings
7:12 – Stock Dividends & Growth Metrics
8:42 – Stock Peer Comparisons
10:06 – ETF Screener & Analysis
12:29 – Stock Screener Customization
13:50 – Import Your Own Portfolios
17:49 – News Feed & Top Analysts
19:07 – Get 10% Off Seeking Alpha Premium

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*Disclosure: This is not financial advice and should not be taken as such. The information contained in this video is an opinion. Some of the information could be wrong. This channel is owned and operated by Portfolio Constructs LLC. Some of the links above are affiliate links, meaning, at no additional cost to you, I will earn a commission if you click through and make a purchase.

DuPont Analysis Explained: The 3-Factor ROE Formula

DuPont Analysis decomposes ROE into three drivers — profit margin, asset turnover, and leverage — revealing how companies actually generate their returns. You’ll learn the classic three-factor formula, understand what each component measures, and see how the math connects back to standard ROE. I walk through a side-by-side comparison of two retailers with identical ROE but completely different business models — one relying on pricing power, the other on volume and leverage. I also cover the key limitations, including why DuPont Analysis can mislead when equity is negative or when comparing across industries. Whether you’re analyzing individual stocks or preparing for the CFA exam, this video gives you everything you need to master DuPont Analysis.

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Chapters
0:00 – Why ROE Can Be Misleading
0:18 – What is DuPont Analysis?
0:33 – The Three-Factor Formula
1:09 – Profit Margin, Asset Turnover & Equity Multiplier
2:35 – DuPont Example: Luxury vs Discount Retailer
3:17 – How to Apply DuPont Analysis
3:38 – Limitations & Key Takeaways

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3. Wharton & Wall Street Prep Private Equity (PE): https://ryano.finance/wharton-pe
4. Wharton & Wall Street Prep Financial Planning & Analysis (FP&A): https://ryano.finance/wharton-fpa
5. Wharton & Wall Street Prep Value Investing: https://ryano.finance/wharton-avi
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*Disclosure: This is not financial advice and should not be taken as such. The information contained in this video is an opinion. Some of the information could be wrong. This channel is owned and operated by Portfolio Constructs LLC. Some of the links above are affiliate links, meaning, at no additional cost to you, I will earn a commission if you click through and make a purchase.

Free Cash Flow Explained: Formula, Examples & What It Means

In this video, I break down free cash flow (FCF), the metric many investors trust more than earnings to evaluate a company’s true financial health. You’ll learn exactly what free cash flow measures, why cash is harder to manipulate than accounting profits, and how to calculate FCF using operating cash flow and capital expenditures. I walk through the complete formula step by step, explain the difference between net income and operating cash flow, and show you how to interpret both high and low FCF results in context. I also compare two real examples—Apple and Tesla—so you can see how mature companies and growth companies differ in their cash generation. Plus, I cover the critical limitations of FCF that every investor needs to understand, including why it varies by industry, can be lumpy year-to-year, and doesn’t work well for banks and insurers. Whether you’re a value investor looking for financially healthy companies or just want to understand how to read a cash flow statement, this video gives you everything you need to analyze free cash flow like a pro.

Chapters
0:00 – Why Investors Focus on Free Cash Flow
0:27 – What is Free Cash Flow?
0:57 – Operating Cash Flow (OCF) Explained
2:12 – The FCF Formula Explained
3:25 – Interpreting High & Low FCF
4:07 – Real Examples: Apple vs Tesla
4:44 – FCF Limitations & Pitfalls
5:45 – Key Takeaways

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3. Wharton & Wall Street Prep Private Equity (PE): https://ryano.finance/wharton-pe
4. Wharton & Wall Street Prep Financial Planning & Analysis (FP&A): https://ryano.finance/wharton-fpa
5. Wharton & Wall Street Prep Value Investing: https://ryano.finance/wharton-avi

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*Disclosure: This is not financial advice and should not be taken as such. The information contained in this video is an opinion. Some of the information could be wrong. This channel is owned and operated by Portfolio Constructs LLC. Some of the links above are affiliate links, meaning, at no additional cost to you, I will earn a commission if you click through and make a purchase.

Return on Equity (ROE) Explained | What Every Stock Market Investor Should Know

In this video, I break down Return on Equity (ROE), one of the most important metrics investors use to measure how efficiently a company generates profit from shareholder investment. You’ll learn exactly what ROE means, how to calculate it using net income and average shareholders’ equity, and most importantly, how to interpret your results. I walk through the complete ROE formula step by step, explaining why we use average equity and what each component represents on the financial statements. I also compare real-world examples including Microsoft’s ~33% ROE and Apple’s eye-popping 150%+ ROE to show why context matters — and why Apple’s sky-high number isn’t as impressive as it sounds once you understand how stock buybacks shrink the equity base. Plus, I cover the critical limitations of ROE that every investor needs to understand, including how debt and buybacks can artificially inflate the metric and make companies look more efficient than they really are. Whether you’re a value investor looking to evaluate management effectiveness or just want to understand how Wall Street measures capital efficiency, this video gives you everything you need to master ROE analysis.

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Chapters
0:00 – What is Return on Equity?
0:41 – The ROE Formula Explained
1:07 – ROE Calculation Example
1:34 – High vs Low ROE Interpretation
2:38 – Real Examples: Verizon, Microsoft & Apple
3:43 – ROE Limitations & Key Takeaways

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3. Wharton & Wall Street Prep Private Equity (PE): https://ryano.finance/wharton-pe
4. Wharton & Wall Street Prep Financial Planning & Analysis (FP&A): https://ryano.finance/wharton-fpa
5. Wharton & Wall Street Prep Value Investing: https://ryano.finance/wharton-avi

*Get 10% Off Snowball Analytics to help manage your portfolio with code RYAN here:*
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*Disclosure: This is not financial advice and should not be taken as such. The information contained in this video is an opinion. Some of the information could be wrong. This channel is owned and operated by Portfolio Constructs LLC. Some of the links above are affiliate links, meaning, at no additional cost to you, I will earn a commission if you click through and make a purchase.

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