Analyse the Russian market with a documented thesis

You can spend every morning reading news, watching indices and scrolling through commentary, and still end the day without a decision you can defend. Russian equities and bonds move on rates, the ruble, oil, corporate reporting and flows, and most of that arrives as an unranked stream of headlines. The result is familiar: you react to the loudest item rather than the one that actually changes your thesis.

Professional analysis works the other way round. It starts with a small number of variables that genuinely move prices, checks them against company fundamentals, and turns the conclusion into a written scenario with a price range, a risk and a condition under which the idea stops being valid. That document — not the headline — is what makes a decision repeatable.

This programme teaches that workflow on the Russian market specifically: Moscow Exchange equities and bonds, sector comparisons, reporting in local accounting language, and the macro backdrop that drives the whole board. You work through recorded lessons, worksheets and case studies at your own pace, and finish with a documented process you can apply to any ticker.

It is not a set of ready-made calls to copy. It is the method behind them, so that you can build the same reasoning yourself and judge someone else's idea on its merits.

Long-term investing and short-horizon trading are usually taught as separate worlds. Here they share one framework: before any decision, the thesis, the risk and the invalidation condition are written down. What changes is the horizon over which the thesis is expected to play out.

On the investment side you work through business quality, financial statements, fair-value ranges and the drivers that could re-rate a company. The output is a range rather than a single number: a base case, a positive case and the assumptions each one needs. A high target on its own is not a reason to buy, and the lessons show why by placing analyst scenarios and model-based estimates on the same chart next to the market price.

On the short-horizon side the output is a trade plan: where the idea becomes valid, where it is wrong, where it is taken off, and how much of the portfolio is at risk. Once a position is open, the plan governs what happens next — level moves, partial exits, a full close.

Both tracks use the same worksheets, so you can move between them without learning a second vocabulary.

The programme is delivered as recorded video lessons with written materials, organised into six modules. Each lesson is short and focused on one decision, so you can watch a lesson, open the matching worksheet and apply it to a company or a portfolio the same evening.

Every module ends with a practical assignment: a one-page company card, a valuation range, a portfolio allocation, a trade plan or a position review. The assignments build on each other — by the last module you have a complete, documented process and a set of filled-in templates you keep using afterwards.

There is no schedule to keep up with. Lessons stay in your account, so you can work through the programme in a few intensive weeks or return to a module when the market raises a question it covers. A comfortable pace is one module per week, roughly two to three hours including the assignment.

The daily brief in this programme is not a news summary. It is a short, structured page: what changed overnight, which assets it touches, what it means for the positions you already hold, and whether anything on your watchlist now deserves a closer look.

A finished brief typically covers the rate and inflation backdrop, the ruble and commodity prices, the previous session's moves in equities and bonds, corporate events such as reporting or dividends, and one or two ideas with a stated condition for acting. Everything that does not change a decision is left out.

The same discipline carries into the longer documents. A company card is one page; a thesis is a paragraph plus a table; a trade plan is five numbers and a sentence explaining why. Short documents get read, updated and acted on — forty-page reports do not.

By the end you have a working system rather than a pile of notes. Mornings start with a fifteen-minute brief that ranks what matters; ideas are judged against a valuation range instead of a single target; every position, long or short, exists because a written plan said so.

In practice that means you can open a company's reporting and reach a defensible price range in an evening, explain to yourself why each holding sits in the portfolio, and know in advance what would make you change your mind. When a position moves against you, the checklist tells you whether the thesis broke or the price simply moved.

You also finish with a set of filled-in templates built on your own watchlist and portfolio, so the process is already running when the last lesson ends.