The home of financial markets education!


The online version of our renowned course, available for both finance professionals and nonprofessionals.

Interested in attending the original in-person course?

The imprimatur of

A World-Class University.

We've teamed up with Heriot-Watt University to provide our unique course as an online module available to anyone, anytime, wherever you live. Engaging and informative, and yet both practical and useful, this course will equip participants with a deep foundational knowledge, lead to a keen understanding of the workings of financial markets, and help guide their decisions and activities.

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Expert, engaging learning

Written and presented by leading academics, senior economists and investment practitioners, and hosted by one of the UK’s leading business schools, the course covers key areas including equity valuations, economics, behavioural finance and liquidity.

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Professional level expertise

If you’re a professional in financial markets wanting a fuller, holistic understanding of their workings, or someone who’s interested in financial markets and would like a professional-level understanding of how they operate, then this is the course for you. 

Online Course

  • Instant Access via Heriot-Watt University
  • 5 Recorded Modules
  • Expert Lecturers

After completing this course, you should be able to

  1. Critically evaluate different methods of valuing stock markets and identify faults in the valuation methods.
  2. Explain the idea of mean reversion in financial markets and identify valuation techniques that follow mean reversion using data from the last 100 years to demonstrate this.
  3. Understand the impact inflationary or deflationary forces have on the returns to different classes of financial assets.
  4. Understand the impact liquidity and the supply of money has on stock market returns over time.
  5. Understand the impact of psychological biases on returns in the stock market and the role that they can play in major stock market events.
  6. Critically evaluate the lessons from the history of the financial markets over the past 200 years or more.
In-Person Opportunties

Interested in the in-person course?

We've been running our renowned Practical History of Financial Markets course – which covers the same topics and material at the online course – for almost two decades, and have educated more than a thousand students, many of whom hold senior roles in the financial sector. The next opportunity to attend is:


Access the Online Course

Before enrolment, please provide Didasko with a few details 

Expert lecturers

Course lecturers

Derry Pickford

Derry Pickford

Derry Pickford kicks off the course with a history of valuation stretching back to 1800. After working with Andrew Smithers, one of our original teachers, he's held a variety of senior positions in the finance sector including chief economist at hedge fund manager Sloane Robinson, head of asset allocation at Ashburton, and latterly as a principal at Aon Hewitt.

Peter Warburton

Peter Warburton

Peter Warburton is the author of Debt and Delusion and our resident expert on inflation, with a background in both academia and the City of London. He was chief economist and economic adviser at Robert Fleming from 1989 until 2000 and an economist at investment manager Ruffer LLP from 2004 until 2017 – he also founded global macro consultancy Economic Perspectives in 1996. He is now managing director of risk analysis business Halkin Services and an occasional lecturer at Cardiff Business School.

John Greenwood

John Greenwood OBE

John Greenwood OBE, who has worked as a senior economist in the investment industry, provides course content on how liquidity can affect valuations. He has a deep interest in Asian economics, having undertaken research at Tokyo University, been a visiting research fellow at the Bank of Japan and acted as an economic adviser to the Hong Kong government. In 1980 he translated Yoshio Suzuki's book Money and Banking in Contemporary Japanfrom Japanese and in 2007 authored Hong Kong’s Link to the US Dollar: Origins and Evolution.

Herman Brodie

Herman Brodie

Herman Brodie introduces the topic of behavioural finance into our course. With 25 years of experience in financial services across London, Paris and Frankfurt, he now oversees consultancy firm Prospecta, which advises investment firms on behavioural finance research. He is also the co-author The Trust Mandate: The behavioural science behind how asset managers REALLY win and keep clients

Russell Napier

Prof. Russell Napier

Prof. Russell Napier is our course director, whose module sums up the different strands of the course, along with a look at what the future might hold. An accomplished author, including most recently The Asian Financial Crisis 1995-98; Birth of the Age of Debt, he is a well-known commentator on economic and monetary affairs and has been an analyst for, and adviser to, a number of investment companies and clients for more than 25 years.

"I find myself thinking back regularly to what I learned on this course – and then applying it"

Andrew Howell CFA - Director of Investor Influence
Environmental Defense Fund

“I would recommend this course to anyone who wants to improve his or her understanding of investing.”

Mark Tyndall ~ co-founder
Artemis Investment Management Ltd

“An invaluable practical insight into the human failings of capital markets and the perfect complement for today’s aspiring investors.”

Stuart Paul ~ Chief Investment Officer
Stewart Investors

"The best and most valuable two days I have spent outside the office in twenty years.”

Sebastian Lyon - Founder and Chief investment officer,
Troy Asset Management

“The only course I recommend to my fund managers. It invigorated me.”

Ian Beattie
NS Partners
Do you have questions about the online couse? Find answers here

Frequently Asked Questions

As an online course, it can be taken as and when you want and over a timeframe that suits your lifestyle. With almost 18 hours of video lectures delivered by our expert team, self-test questions and additional readings, the syllabus covers five key areas of financial markets theory, workings and history.

  1. Understanding the main methodologies for valuing equities
  2. The effect of money and liquidity on financial markets
  3. How human behaviour can affect the workings of financial markets
  4. How inflationary expectations can affect financial markets
  5. What the history of financial markets can teach us, and what the future might hold

As an educational charity we are charging a very competitive £1,000 for the course which we believe is affordable for a wide range of potential students while also helping us recuperate costs and invest in our charitable activities — we have given close to £200,000 to charitable endeavours since our foundation.

No. To help you embed what you have learned there are self-test questions included. However the course is designed to engage students in the subject through expert teaching rather than measuring success through testing.

The short answer is no. The course is similar in content and understanding to a university level module, but is built from the bottom up and is easily accessible. No matter what your day job, at the end of the course you can expect to have a significant understanding of how financial markets work.

Absolutely – the course is designed for a wide variety of uses including for those who work in the finance sector. It's a great introduction to financial markets for those who might not work directly in this area but who want a knowledge of the topic so that they can more fully understand the industry in which they are employed.

The course is designed to deliver valuable professional development to those who work in financial markets – indeed, it is recognised by both CFA UK and CISI for CPD purposes. We take a novel and engaging approach to the development and uses of financial markets, so no matter what your job or whether you've studied the subject beforehand this course will prove extremely educational and useful to you.

We are delighted to be able to offer this course through Heriot-Watt's executive education programme. While the course is written and designed by Didasko, our place in the university’s offering is testament to the quality of the content and learning outcomes.


Book your place on the first ever online offering of Advanced Valuation in Financial Markets today!

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Didasko Education Company Limited is a registered charity (SC040205).