Varsity is an extensive and in-depth collection of stock market and financial lessons created by Karthik Rangappa at Zerodha. It is openly accessible to everyone and is one of the largest financial education resources on the web.
The book provides all the grounding you would need to understand the approach of fundamental analysis. You can read this book online on Zerodha Varsity. So in case you have any queries, you can leave a comment there and they’re quite responsive with that. Although I didn’t have any question that wasn’t already answered in the comment section, I loved the option of having an option of getting a detailed reply within a day or two. Those were the good points so far. The terms and jargons are all laid out in the book and well explained too but their significance in the big picture isn’t really explained anywhere in the book.One big nagging pain in the book is that they haven’t given enough case studies.Case studies helps use consolidate all our knowledge and we get to know what really matters from the things we learned. Right now my mind is a mess of ratios of which I don’t know which has more weight in the real world and which ones are unnecessary trouble. It’s like when a car instructor shows you what each pedal in a car does but doesn’t advise you what you should do when the engine stalls of a slope or when you’re at 170 kph and the brake fails or what you should do to improve the mileage. The subject is of the type which requires practical case studies and instead of 15, this book only provides one. I know this book is targeted as an introductory course only, but an introductory course would require a dozen case studies by default anyways.
My conclusion - Go through the book because it covers many topics that are necessary and it’s quite good laying out the concepts but don’t expect your concepts to be crystal clear at the end. If you wish, you can use the book as a checklist for the things you could google and learn more about. That’s what I am doing.