How to Build an Investment Thesis

Key takeaways – An investment thesis is a written, research-backed argument explaining why a particular investment (stock, fund, acquisition, startup) should be made. –…

How to Analyze Stocks

Key takeaways – Stock analysis uses historical and current information to estimate a stock’s fair value and the probability of future price moves. (Source:…

How the Strangle Options Strategy Works

What a strangle is (short answer) – A strangle is an options strategy that buys (long strangle) or sells (short strangle) an out‑of‑the‑money (OTM)…

Hot Wallet

Introduction A hot wallet is any cryptocurrency wallet that is connected to the internet (or to an internet-connected device). Hot wallets are designed for…

Horizontal Integration

Overview Horizontal integration is a growth strategy in which a company acquires, merges with, or expands into businesses that operate at the same level…

Horizontal Analysis

• Horizontal analysis (also called trend or base‑year analysis) is a financial-statement technique that compares line items and ratios across multiple reporting periods to…

Horizontal Acquisitions

Key takeaways – A horizontal acquisition is when a company buys another firm that operates in the same industry and at the same stage…

Homo Economicus

Source: Investopedia Additional references: John Stuart Mill, On the Definition of Political Economy (1836); Daniel Kahneman & Amos Tversky, “Prospect Theory” (1979); Paul Krugman,…

Homeowners Association (HOA)

An HOA (homeowners association) is an organization formed to manage and enforce rules in a defined residential community — single‑family subdivisions, townhome developments, condominium…

Home Mortgage

A home mortgage is a loan from a bank, mortgage company or other lender used to buy a residence (primary home, second home or…