Equity — Free Resources

CFA Institute

Equity valuation and portfolio-management frameworks — same source used for portfolio_foundations.md and active_management.md.

Use for: - DDM and relative valuation frameworks - CAPM, beta, and required-return terminology - style/factor investing vocabulary

Aswath Damodaran (NYU Stern)

Valuation teaching materials and data: https://pages.stern.nyu.edu/~adamodar/

Use for: - DDM and relative valuation walkthroughs - implied equity risk premium and industry beta datasets - cost-of-equity estimation

MIT OpenCourseWare

Finance Theory I (same course as fixed_income.md): https://ocw.mit.edu/courses/15-401-finance-theory-i-fall-2008/

Use for: - CAPM derivation and intuition - equity risk premium foundations

Public data

Kenneth R. French Data Library: https://mba.tuck.dartmouth.edu/pages/faculty/ken.french/data_library.html

Use for real Fama-French value/size/momentum factor return series — the right way to ground style_tilt / factor exposure exercises in actual data rather than invented numbers.

Official Python library docs

numpy (beta, factor exposure math) — same library docs used across the rest of src/pm/.