Learn
Short guides to the ideas behind every number on this platform. No prior finance experience needed.
Core concepts
What is the Payback Price?
The Payback Price is your buy target — the price at which a stock offers a 50% margin of safety to our fair value estimate.
5 min read
What is the Sticker Price?
The Sticker Price is our estimate of a stock's fair value — the price that would earn you exactly 15% per year over the next decade.
5 min read
Why margin of safety matters
Benjamin Graham's most important idea — why buying at a discount to fair value is the foundation of sound investing.
4 min read
What is intrinsic value?
Intrinsic value is what a business is actually worth — independent of its current market price. Here's how to think about it.
4 min read
Business quality
The Big Five growth metrics
Five compounding metrics that tell you whether a business is genuinely building value over time — and how to read them.
7 min read
Why ROIC is the most important metric
Return on invested capital separates businesses that genuinely create value from those that grow without enriching shareholders.
5 min read
How it works
Understanding the confidence score
What High, Moderate, and Low confidence mean in a PaybackPrice analysis — and what affects them.
3 min read
How Pulse works
What the price, superinvestor, and insider-buying event types mean, how the significance score is calculated, and when to use Pulse instead of the Screener.
6 min read
How AI Briefings work
What grounds an AI-generated briefing, why they're cached, and the monthly limit — so you know what you're reading before you trust it.
4 min read
How Superinvestor tracking works
What gets tracked from SEC 13F filings, what the conviction percentage means, and how it shows up in Pulse and the Screener.
4 min read
How insider trading tracking works
What SEC Form 4 discloses, why only open-market purchases count as a signal, and what the materiality floor filters out.
4 min read
Why some tickers can't be valued
Some tickers show "not applicable" instead of a Payback Price — here's the difference between a low-confidence result and no result at all.
4 min read