celmarionis

Investment Analysis Built Through Real Market Experience

We've spent years watching markets move, tracking patterns, and learning what actually matters when you're trying to understand where your money goes. This isn't about chasing trends or following hot tips — it's about building a genuine understanding of how investment decisions get made.

Explore Our Curriculum
Investment analysis workspace with market data and research materials
Student reviewing financial statements and investment portfolios

Why Most Investment Education Misses the Point

Here's what we've noticed after working with hundreds of aspiring analysts — traditional programs focus too heavily on theory while ignoring the messy reality of actual market research. You end up knowing formulas but not understanding context.

Real investment analysis requires you to develop judgment. That means working with incomplete information, recognizing your own biases, and understanding that every company story has nuance you won't find in a spreadsheet. We structure our curriculum around these practical realities.

Our approach emphasizes hands-on work with actual financial statements, market data you'll encounter in real roles, and the kind of critical thinking that separates useful analysis from noise. You'll build a research process that reflects how professionals actually work, not textbook ideals that don't survive contact with reality.

Three Core Pillars of Our Teaching Method

We've structured everything around the capabilities that matter most when you're sitting down to evaluate an investment opportunity.

Financial Statement Fluency

You'll work extensively with balance sheets, income statements, and cash flow documents until reading them becomes second nature. We emphasize what actually matters in each section and how different industries present their numbers differently.

Business Model Understanding

Numbers tell part of the story, but understanding how a company actually makes money matters just as much. We focus on competitive dynamics, operational constraints, and the strategic choices management faces in different market conditions.

Valuation Framework Development

Rather than teaching you to plug numbers into formulas, we show you how to think about what assets are genuinely worth. This means understanding when different approaches make sense and how assumptions drive your conclusions.

How Our Program Unfolds Over Eight Months

Starting February 2026, you'll progress through carefully sequenced modules that build on each other.

1

Financial Fundamentals (Months 1-2)

We start with accounting principles and financial statement architecture. You'll learn to read and interpret the three main statements, understand common adjustments analysts make, and identify red flags that deserve deeper investigation.

2

Industry Analysis Framework (Months 3-4)

Understanding individual companies requires understanding their competitive context. This phase focuses on industry dynamics, competitive positioning analysis, and how to evaluate business model sustainability across different sectors.

3

Valuation Methods and Application (Months 5-6)

Here we cover discounted cash flow analysis, comparable company analysis, and precedent transaction studies. More importantly, you'll learn when each approach makes sense and how to think critically about your assumptions.

4

Portfolio Construction and Strategy (Months 7-8)

The final phase brings everything together as you build complete investment theses, present research findings, and understand how individual analyses fit into broader portfolio strategy. Your capstone project involves presenting a full research report to experienced investors.

Who Teaches This Material

Our instructors bring practical market experience and genuine interest in developing capable analysts.

Henrik Lindström, Lead Investment Instructor

Henrik Lindström

Lead Investment Instructor

Henrik spent twelve years analyzing technology and healthcare companies for institutional investors before moving into education. He specializes in helping students understand business model dynamics and competitive positioning analysis. His approach emphasizes building judgment through repeated exposure to real company situations.

Callum Braddock, Valuation Methods Instructor

Callum Braddock

Valuation Methods Instructor

Callum worked in equity research and private equity before joining our program. He focuses on helping students develop practical valuation skills and understand when different methodologies make sense. His teaching emphasizes recognizing the limitations of any single approach and building robust analytical frameworks.

Program Investment Options

We offer three tracks depending on your current experience level and how deeply you want to develop your analytical capabilities.

Foundation Track

CAD 1,850 total

For those starting fresh or wanting to solidify fundamentals

  • Core financial statement analysis modules
  • Introduction to valuation frameworks
  • Industry analysis fundamentals
  • Monthly group coaching sessions
  • Access to case study library
Review Foundation Details

Advanced Portfolio Track

CAD 4,750 total

Intensive program for building comprehensive analytical portfolios

  • All Professional Track content
  • Weekly one-on-one coaching
  • Extended research project scope
  • Industry networking introductions
  • Post-program consultation access
  • Advanced sector specialization options
View Advanced Options

What Sets This Approach Apart

The table below shows how our curriculum differs from typical investment education programs. We emphasize practical skill development over theoretical coverage because that's what actually transfers to professional work.

Learning Component Traditional Programs Our Approach
Financial Statement Work Textbook examples with simplified numbers Actual filings from public companies across multiple industries
Valuation Practice Formula application with provided assumptions Building models from scratch and defending your assumption choices
Industry Understanding General frameworks taught once Deep dives into 5-6 sectors with comparative analysis
Research Presentation Written reports reviewed by instructors Oral presentations to professionals who challenge your conclusions
Portfolio Context Rarely addressed or only theoretical Every analysis framed within broader portfolio strategy considerations
Feedback Mechanism Graded assignments with limited comments Detailed written feedback plus live discussion of your analytical choices

Ready to Develop Real Analytical Capability?

Our next cohort begins February 2026. If you're serious about building investment analysis skills that transfer to professional work, we'd welcome the opportunity to discuss whether this program fits your goals. The application process involves reviewing your background and having a conversation about what you're hoping to accomplish.

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