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Module 7 · Advanced

Professional Insights

Market microstructure, efficient markets, portfolio theory, behavioural finance and risk management – the toolkit of institutional investors.

  1. 1Market Microstructure and LiquidityMarket makers, high-frequency trading, dark pools and payment for order flow – how modern markets work under the hood and what that means for the cost of your orders.4 min
  2. 2Efficient Markets and FactorsThe efficient market hypothesis, its critics, well-known anomalies and factors such as value, size, momentum and quality – what research says about whether you can beat the market.4 min
  3. 3Modern Portfolio TheoryMarkowitz, the efficient frontier, the Sharpe ratio, CAPM and beta – how to combine investments optimally in theory, and why practice has its limits.4 min
  4. 4Behavioral Finance – the Human FactorLoss aversion, overconfidence, anchoring, herding and the disposition effect – the mental traps that systematically cost investors money, and how to guard against them.4 min
  5. 5Risk ManagementPosition sizing, concentration risk, stop-losses, the Kelly criterion and sequence-of-returns risk – how professionals limit risk and which rules help individual investors avoid large losses.4 min
  6. 6Your Investment PlanGoals, time horizon, asset allocation and fixed rules – how to turn everything in this course into a personal written investment plan that holds up in a crisis.4 min

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