A path of 5 short lessons · 15 min in all

Reading the reports

The three statements every company publishes, read line by line with Lemon Co.

Open the drawn lessons
  1. The income statementFrom every dollar of sales down to the profit that is left. Read it top to bottom.3 min
  2. The balance sheetA photo of one day: what the company owns, and who paid for it.3 min
  3. The cash flow statementWhere the cash actually came from, and where it went.3 min
  4. Where the reports liveFree, official, and written by the company itself. Here is which one to open.2 min
  5. Five warning signsPatterns in the three statements that should make you look closer.4 min

More paths

Thinking clearly5 lessons · The traps that catch smart people with money. How money grows7 lessons · Compounding, costs, and why time does the work. Index funds, simply3 lessons · What you actually own when you buy the whole market, and why cheap tends to win. How to value a stock12 lessons · One number at a time, on one small lemonade company. Then all of them together.