Improve Your Decision Making: Simple Math to Help Business
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Improve Your Decision Making: Simple Math to Help Business

Improve your decision making process by learning some simple mathematical truths. Make business decision the smart way.
2.0 (1 rating)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
509 students enrolled
Created by Lucas Couto
Last updated 2/2015
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Current price: $10 Original price: $25 Discount: 60% off
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  • 37 mins on-demand video
  • 22 mins on-demand audio
  • 1 Article
  • 1 Supplemental Resource
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Improve your investment decisions with practical mathematical knowledge
  • Make better business decisions with simple mathematical concepts
View Curriculum
  • Curiosity to understand the human mind

Warren Buffett once said you just need the basic math to become a successful investor. This course will help you get better in resolving problems and making decisions while using simple math. Ever wonder how big successful entrepreneurs and investors, like Warren Buffett got his abilities in decision making? This course will show you their path.

Start thinking like the great investor Warren Buffett and change your life.

Farnam Street Invest presents this brand new course on Mathematics. In this Improve your Decision-making Course you'll learn about mathematics for finance with a practical and simple approach that makes fundamental concepts easy to grasp. It is imperative to understand how Math and Business work together and how it has shaped the world in which we live in.

In this course you'll find:

  1. Important concepts commonly used in business and investments.
  2. Clear and easy to understand mathematical concepts.
  3. Curious and dedicated minds interested in understanding human behaviour .

This course is aimed at everyone who wishes to learn more about the economy and its parts, mainly the financial markets. The ways the financial markets are interlinked make them crucial for living in the present information era. The evolution of the Markets and of Mathematics is astounding and can be seen everywhere in today's world.

In this course you'll get lots of knowledge and information about how Mathematics and Business evolved together and how many businessman, investor, mathematicians and scientists have been using and developing Mathematics to mutual advantages.

However, we'll also explore other areas of interest for our topic: Decision-making Process. So expect to hear about Physics, Philosophy, Economics and much more as we dive into the complex and wonderful world of Math & Business.

Who is the target audience?
  • This Mathematics course is meant for investors and entrepreneurs. This course is made for those with a practical mind and that needs help to improve business and investment decisions. No prior knowledge is required, however this course is for Business and Investments, therefore some experience or knowledge in those areas should be useful.
  • This is NOT a course for people who wants mathematical exercises(like solving equations or the answer to some High School problem) or wants just some quick formula to become rich. In this course you WON'T find lots of exercise and equations for training (those are important too, but there others who offer that - namely your Elementary School teacher). First and foremost this is a course to improve thinking, and for that we don't just need facts. We need mind training.
  • This course is for anyone who wants to understand math, but has difficulties to use only mathematical language. In this course we'll speak plain English to show how mathematical concepts are fundamental to make better business: in the antiquity, today and surely in the future.
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Curriculum For This Course
14 Lectures
Introduction to Farnam Street Courses
2 Lectures 04:57

What is Farnam Street? This video-presentation will answer just that.

Preview 01:27

This lecture will show you how we operate and what we expect from our students: the Investing Apprentice.

What to Expect: Investing Apprentice

Few key questions about our main objective in this course

Farnam Street Courses
3 questions
Back to the Basics!
3 Lectures 13:21

We will review the basic operation for investments and business. That is: the basic addition and subtraction, for a reminder of the importance of signs.

Preview 03:47

We'll talk about the division and multiplication operations and how they're primordial to understand finance and business.

Relations of multiple uses

In this section we will discuss how those basics concepts from previous sections can achieve various objectives simply by adding their features together.

Adding power to our math

3 questions
What happens if I...? Causality and Life
3 Lectures 18:51

Human mind has an incredible ability: find patterns. Let's see how this is important to business and finance.

How does it work?

See why science thrives.

Models and Scientific Thinking

We shall wrap this unit with some ancient knowledge. It's time to Greek mythology!

The Bed of Procrustes
There's 95% Chance this is Real: Probability and Life
3 Lectures 14:50
The Probabilistic Point-of-View

Probability and Knowledge

Uncertainty and Life
The Edge of Chaos
3 Lectures 10:34

Studying Economic as a Systems

Economy as Complex Adaptive Systems
20 pages

All the efforts and works of economists for the past 300 years is to discover what type of system our economy is. Almost all of them recognize it is very complex, but what is complexity?

Is the Economy Complex?
3 questions
About the Instructor
Lucas Couto
2.0 Average rating
1 Review
509 Students
1 Course
Junior Consultant at Farnam Street

My name is Lucas Couto and I'm a Brazilian investor and entrepreneur for almost 10 years now. I started my investor adventures when I bought R$400 in shares of Brazilian powerhouse companies Vale do Rio Doce and Petrobras. This was back in 2005 when they're both colossus of extracting and mining industries. It felt good to be an investor at that time and I thought I could do that for a living. Therefore I decided to study Economics at University of Brasilia ( one of the most renowned Economics School in Brazil). It was August, 2008 when I started my studies at the University of Brasilia, hopeful and eager to learn. Little did I know ( or anyone else at most Universities and Media across the world) that the mother of all crises of about to unveil.

In total perplexity I saw my investments alongside everything I've learn about Finance and Economics to be shattered in less than a month. And this was my first term in Economics course. At that moment I decided that no amount of academic study compare to real life experience and therefore I should quit college and live my life: I should became an Artist (I remained an investor and student, though, the only difference was that I did not want to be trapped inside the University listening people talking about Market Efficiency while the Markets crash and destroy lives of millions. Instead I decided I should get real life experience - and lessons - that is way more useful).

I've tried lots of business and jobs, from administration jobs (at Brazilian Secretary of Treasury) to artistic presentation (dance/music and film, mostly) going through cleaning and teaching. In all of those jobs I've learned about live and the practical aspects of it that will help whenever I need it, not only in my artistic and entrepreneurial endeavours.

In one of my gigs (Brazilian music: Drums!) I was chatting with one of my best friend when unexpectedly we started talking about Financial Markets, Crises and Banks. The chat was good and it took almost all night. After the night was over my friend said I should help him choose his investments, maybe give some advices about economy. It was at that moment that I realized I have a natural tendency to understand ( and study) Economics and Finance and that I should help other in their practical difficulties in markets and economy.

That's why I'm an instructor and financial adviser, to help others. I've been through investment rollercoaster and can help those who are newcomers in those rides. I have my own story to use as guidance and my time in Financial Markets make me know other stories of people that have also been through the highs and lows of Finance.

However I'm not your typical finance instructor and adviser. My adventures in Arts has made me realized that anything can be learn from a practical perspective. My goal is to use learning and teaching techniques from Arts to help people understand different and relevant topics in the world such as Economics, Environmental Education, Sciences , Business, Investments, Art itself and many other.

My knowledge about Financial Markets and Investments are largely derived from my own personal activities as well as the teachings and mentoring of great investors. However I do not undermine the theories and scientific discoveries. My investment method brings together the best of both world. It's full with practical knowledge backed by scientific discoveries (sometimes those discoveries are a bit late, but they eventually happen) that has real world usefulness.

Currently I'm at UnB studying Decision Theory and the impact of Quantum Physics in our understanding of behaviour of people and markets. My focus are Arts' Markets, therefore my main object of study is Creative Economics. I'm still investing in Brazilian securities, but now my portfolio is more complex. If anyone wants to talk about it or any other topic I'm open for a nice afternoon tea and chat.