Selected reported figures · USD millions, rounded
| Statement line | 2024 | 2025 |
|---|---|---|
| 3,202.1 | 2,850.4 | |
| 624.8 | 23.2 |
Compare the company’s discussion of prices, sales volumes and its businesses before choosing an explanation.
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Compounding means earning growth on earlier growth. Here, you leave the money in and it grows by 5% each year.
$100.00 × 1.055 = $127.63. The rate stays at 5%, with annual compounding and no deposits, withdrawals, fees or tax. Real investment returns vary and can be negative.
01 Try an idea.
02 Follow the evidence.
03 Make it yours.
01 Make the connection
Interest rates show up in the news.
And in the cost of a car, a home, or an idea.
Start with one connection: higher borrowing costs can change what people and businesses spend.
Understand the forcesHigher interest rates generally make borrowing more expensive, which can slow spending and investment.
Source: Federal Reserve Board, H.15 ↗ Historical data.
Explore why02 Follow the evidence
A company is more than its share price. Open its annual report and find out what’s happening underneath.
Try it. Select a statement line.
See the question behind the number.
Selected reported figures · USD millions, rounded
| Statement line | 2024 | 2025 |
|---|---|---|
| 3,202.1 | 2,850.4 | |
| 624.8 | 23.2 |
Compare the company’s discussion of prices, sales volumes and its businesses before choosing an explanation.
03 Make it yours
Learn the fundamentals, develop your thinking,
then put it into practice.
How money, value and risk connect.
Make the ideas click through practice.
From your first question to a reasoned decision.
Develop a way of thinking that’s yours.
Research a business. Build a portfolio. Test your assumptions.
You don’t need all the answers to begin.
Your pace. Your questions. Your next move.