Learning Path · 8 guides
For someone who hasn't bought a stock yet, or has but never had a real process. Each guide builds on the last. By the end you'll have a funded account, your first dollars in a low-cost index fund, and — if you want it — your first company analysis.
How to Start Investing in Stocks in 2026
The account, the basics, the sequence — start here.
Why starting now matters more than starting big.
Decide how much belongs in individual stocks before you pick any.
How to Pick Stocks for Beginners
The research process, step by step.
The concept behind Framework 02 — learn it before you run it.
How to Research a Stock Before Buying
The structured sequence that separates research from reading headlines.
The one valuation number you'll see everywhere — used correctly.
The complete sequence, tying everything above together.
Capstone — You've Started
The capstone here isn't a tool run. It's this: the starter checklist is complete and your first dollars are invested in the default vehicle — a low-cost, broad-market index fund with automatic contributions on. That's a real starting position, not a tip and not a gut call.
Optional step 8: pick a company you actually understand and run Framework 01 (Full Company Breakdown) and Framework 03 (Fair Value Stress Test) on it. Neither requires Pro.
Open the Starter Checklist →Learning Path · 8 guides
For someone who already invests and wants a repeatable process instead of ad-hoc research. This path builds the full due-diligence sequence — filings, earnings quality, management, moat, position sizing.
The full sequence, as an overview before you go deep on each piece.
Where the real disclosures live, and what most investors skip.
The concept behind Framework 04 — spot red flags before the market does.
Track record and capital allocation — the tells that separate operators from talkers.
How to Score and Compare Competitive Moats
Rank moat strength across competitors instead of relying on gut feel.
Graham's core idea — buying with enough cushion to survive being wrong.
How to Think About Position Sizing
What percentage of your portfolio a single stock should occupy.
How to Build a Stock Portfolio
Concentration and correlation — the construction decisions that matter most.
Capstone — Apply This With AlphaLens
Take a position you already hold or are seriously considering. Run Frameworks 01, 02, 03, 04, 08, 11, and 12 on it — or Run All 15 if you're on Pro. Write down what would have to be true for you to be wrong. That's the process, applied for real.
Run the Full Process →Want the next guide when it's published?
No spam — just new guides, occasionally.
Start here next: pick a research framework · check the math with a free calculator · start a free 7-day trial (card required, billed day 8).