The Profit Boot Camp

I help mid-size family businesses double profit in 12 months (without overwhelming their team).

Co-Founder

Valuation Master Class

Training the next generation of financial analysts.
The Valuation Master Class is the complete, proven, step-by-step course to guide you from novice to valuation expert.

Creator

The W. Edwards Deming Institute

Hosting conversations with experts about the application of the teachings of Dr. W. Edwards Deming in business and education.

Host of Deming Institute Podcast

My Worst Investment Ever Podcast

I’m on a mission to help one million people reduce risk in their lives.
To achieve this, I have interviewed nearly 800 people who share their heartbreaking tales of investment misfortune.
Listen and discover with us how to reduce risk in your life.

Host of My Worst Investment Ever Podcast

A. Stotz Investment Research

Profit Boot Camp
We help mid-size family businesses double profits in 12 months (without overwhelming their teams).

Outsource CFO
We help companies produce on-time and accurate monthly financial statements, no matter how complex their accounts are.

Value Maximizer
We help you maximize the value of your business when raising capital, going public, or exiting.

Valuation Master Class Boot Camp
We help people build a competitive advantage in company valuation.

Asset Allocation Strategies
We help institutions bring global asset allocation and stock strategies to their clients. More than US$70 million of assets are currently invested in these strategies.

Contact me at andrew@astotz.com to see how you can benefit from what we do.

Co-Founder and CEO

A. Stotz Academy

Valuation Master Class Boot Camp
We help people build a competitive advantage in company valuation.

Ethics in Finance
We help people pass the ethics section of the CFA exam and help financial institutions train their employees to improve ethics within the company.

To learn more, contact me at andrew@astotz.com

CoffeeWORKS Ltd.

In 1995, my best friend, Dale Lee, and I set out on a journey to bring great coffee to Thailand. What started as a small wholesale coffee roaster quickly grew into a leading supplier of premium coffee and top-tier machines to Thailand’s best hotels, restaurants, cafés, and offices.

Three decades later, CoffeeWORKS has stood the test of time, fueled by our passion for quality and relentless commitment to learning.

Along the way, we’ve discovered what makes a business thrive—and what can make it fail. If I had to share just one lesson, it would be this: Close your books every month. On-time and accurate, monthly financial statements are the foundation of a strong, sustainable business. Never let them slip!

Co-Founder | Finance Director

Thammasat University

Nearly three decades of teaching at both bachelor's and master's degree level the following topics.
Valuation Master Class – To guide students from novice to company valuation expert.
Finance Made Ridiculously Simple – To guide students from fear of finance to mastery.
How to Start Building Your Wealth Investing in the Stock Market – To guide students from novice to confident investor.

Adjunct Faculty Member

Maybank Kim Eng

Designed the innovative and popular "Stotz Stocks" portfolio, which contained ten stocks considered most likely to outperform. Distributed the portfolio weekly to fund managers worldwide. Performed company research, company financial analysis, company financial forecasting, and company valuations.

Managing Director of International Business and Market Strategist

CLSA Securities (Thailand) Ltd

Managed a seven-person award-winning research team and wrote strategy on the Thai equity market. The research team was voted #1 in Thailand by Asiamoney magazine in 2008 and 2009 and the same in Greenwich Associates' surveys. Ranked #1 research team for 2009 in Institutional Investor magazine. Was voted Thailand's #1 analyst by Asiamoney magazine in 2008 and 2009 and 2009 by Institutional Investor. Performed company research, company financial analysis, company financial forecasting, and company valuations.

Head Of Research

I lost nearly everything in 1998. I used what I learned from clawing my way back to help businesses avoid loss and increase profit.

The Profit Boot Camp - We help mid-size family businesses double profits in 12 months. Guaranteed.
https://www.theprofitbootcamp.com/

Other activities
Valuation Master Class - Become a valuation expert in months, not years.
Valuationmasterclass.com

My Worst Investment Ever podcast - I'm on a mission to help one million people reduce risk in their lives.
Myworstinvestmentever.com


WHAT OTHERS SAY,
"Andrew helped me optimize my company's exit value by at least 25%. And he did this over two months and only worked part-time on my project."

"Andrew is so practical, real, experienced, and remarkably intelligent about financial and business matters. He communicates effectively through relevant stories and clear explanations."

"I gained knowledge about how we can drive value in our business and the elements that make our company Financially World Class."

"Dr. Stotz helped me see that finance indeed is for everyone, and it can be applied to real life."

"Dr. Stotz taught me that teamwork between each department in my company is a must to create profitable growth."

"Finance Made Ridiculously Simple, is the most powerful finance training for non-finance people that I have ever attended."

Contact me when you are ready to double the profit of your business.
Contact me at andrew@astotz.com to see how you can benefit from what we do.

Andrew Stotz

My CFA journey was not straight. I did not pass Level II or Level III on my first attempt.
But I kept going.

In the early years I battled imposter syndrome, so I bought every book I could find and started a course of self study.

When I discovered the CFA exam, I signed up immediately and that decision changed everything.

CFA gave me three things that transformed my career:
 • Knowledge that built real confidence
 • A strong local network
 • A global community that opened doors I never expected

Those foundations helped me grow, lead, teach, and build a meaningful career.
If you are on this path, remember this:
Setbacks do not define you. Persistence does.
My challenge to you is simple.
Never give up on your dream.

#CFAJourney #FinanceCareer #NeverGiveUp #CareerGrowth

I help midsize family businesses double profit in 12 months. Guaranteed

When I was voted the number one analyst in 2008, people often told me,
“If you had stayed in America and worked on Wall Street, you’d have made so much more money.”

But here’s what they missed.
In Asia, if you’re highly skilled and add value, there are plenty of great opportunities, and the cost of living is much lower.

In New York, if I made a million dollars, I’d probably spend $800,000 - $900,000 on expenses and save only $100,000.

But in Asia, if I made $500,000 and spent $100,000, I’d save $400,000.

That’s how I built wealth faster here than I ever could in New York. So be careful getting sucked into the Wall Street trap.

If you can get to the top of your game in Asia, you can make a lot of money. Focus on creating value where costs are low and growth is high.

That’s how you build real personal wealth in the long term.
#WallStreet #FinanceCareer #FinancialFreedom #CareerAdvice

Nine years ago my mom was done.
Seventy-eight. Stroke damaged. Ten medications. Nursing-home bound.
If I left her in America, she would have died alone.

So I took her to Thailand.
We cooked real food. We slept. We walked slow circles around the living room.
One prescription at a time, we peeled her life back to something simple.

Four months ago I set a goal that sounded ridiculous.
I wanted her to walk the full loop around our park lake. Two kilometers.
No breaks. No sitting. No quitting.

To prepare mom, her caregiver and driver became her coaches. They pushed her forward a few extra meters each day for months. Just a little bit more each day. My job was to believe she could do it long enough for her to believe it too.

Yesterday was the day.

We all met at the park.
Mom lined up at the start.
An hour and nine minutes later she shuffled across a paper finish line we held across the path.
Champagne sprayed. (Security caught us and told us to put away the alcohol hahaha.)
She laughed so hard. Eighty-seven years old. One continuous walk.
Then she thanked every person who helped her along the years. That moment broke me a little.

Here is what this taught me.

Lesson one: never go backward.
Warren Buffett says the first rule in investing is to never lose money.
In life, the rule is to never lose ground. Hold your line. Protect your progress.

Lesson two: motion beats despair.
You do not need a miracle. You need five centimeters more than yesterday.
Small forward steps, done every day, turn impossible goals into finished stories.

Lesson three: belief scales.
If you want someone to rise, believe in them before they believe in themselves.
That is true in families. It is true in business. It is true everywhere.

Mom walked the lake.
Your biggest goal might not be a lake, but the path is the same. Keep moving. Keep believing. Never go backwards.

We love to read.
I estimate that I have read 3,000 to 5,000 books in my lifetime.
Mom and Dad never made me read.
Maybe they just set a good example.

This photo of me reading with my mother brings back so many memories. 
Books were never a rule in our home - they were a part of life.
A quiet habit that connected us, inspired us, and shaped how we see the world.
Some of the best lessons I’ve learned didn’t come from classrooms or mentors, but from pages that opened up new ideas and emotions.
Here’s to every parent who passes down the love of reading not through instruction, but by example.

#reading #books #inspiration #habits

There’s an old saying that a mother is our first teacher and mine is still teaching me at 87.

Three days ago, she made it to the top of a hill in Nan. The climb was slow, and the way down even slower. 

It’s almost impossible to reconcile that moment with the memory of her arrival in Thailand nine years ago… right after a stroke.
Back then, every step was uncertain.
Every movement required courage. Every day felt fragile.

Yet here she is, still exploring, still moving, still choosing life with the kind of quiet strength that humbles you.

I guide a lot of students today people navigating career doubts, setbacks, and new chapters ; but so many of the lessons I share, started with her. Lessons like:

• Progress is possible long after the setback.
• Small, steady steps are what real strength is made of.
• Staying active in mind, body, or spirit keeps life vibrant.
• Support can change the direction of someone’s future.
• And it is never too late to begin again.

Watching her on that hill reminded me that transformation rarely looks dramatic.
It’s usually slow and quiet.
But it’s happening one steady step at a time.

I hope her story encourages you to keep going in your own way, at your own pace.

#Transformation #Mom #LifeLessons #Guidance

Imagine needing your father’s permission to get married at age 20…

And then imagine your future husband showing up without the two dollars needed for the marriage license…

So your future husband had to borrow it from your father.

That was my mom and dad in 1958.

They were young, hopeful, and starting with almost nothing.

But what they built was everything.

Mom was lucky.
She married a true gentleman.
My dad, David, worked hard, stayed loyal, and loved her for 58 years.

Through every up and down, they made it through together.

Three kids.
Twenty-four years of happy retirement.
A life they could be proud of.

Dad passed away in 2016 at age 82, and I brought Mom to live with me in Bangkok.

She had survived a stroke, but she still had her savings, her dignity, her curiosity, and her quiet strength.

Mom comes from a generation that didn’t talk much about emotions.
She doesn't fill her speech thank yous, but I feel her appreciation every day.

Now she’s 87.
She walks. She fights. She keeps going.
And every time I post a picture of her, I’m reminded of one thing:

A good life is not built from perfect moments. It’s built from steady love, small decisions, and never giving up.

My mom started her marriage needing her father’s signature…
And today, she stands as a woman who lived a long life of loyalty, family, discipline, and resilience.
That is luck — but it is also choice.

If you’re reading this, here’s the challenge:

Ask yourself, what choices am I making today that my future self will thank me for?
Love someone steadily.
Take care of your health.
Plan your finances.
And show up — even when it’s hard.

Because when you reach the later chapters of your life, you won’t be counting achievements.
You’ll be asking one simple question:

Did I build a life I can feel proud of?

#mom #familylove❤️ #aginggracefully

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Growing up in Hudson, a small town outside Cleveland, I used to think my future was shaped by the place, the schools, and the opportunities around me.
Only later did I realize it was shaped by someone who never said a word about it.

My dad chose chemistry when everyone around him chose “practical careers.”
Heavy textbooks, long lab hours.
Nothing came easy.

He just loved understanding how things worked at their smallest level.

When he finished his PhD, companies started chasing him because he knew something few were willing to spend years mastering.
He studied plastics the way others study music. With logic, curiosity, and patience.

Once he entered the industry, he discovered something surprising.
Sales weren’t really about selling. It was about solving problems.

One day, after a long visit with an automotive manufacturer, he walked in frustrated.
They wanted discounts, but ignored how the material would save them millions in failures.

A mentor pulled him aside and said, “If you make their product stronger, you’ll never need to make your price smaller.”

Everything changed.
He stopped selling features and started proving outcomes.
Engineers respected him.
Factories listened.

And my entire education was quietly funded by the value he created.

He never chased the spotlight. He built a foundation.

We often celebrate the loudest voices in business and forget the quiet experts who make real results possible.
Sometimes their impact shows up years later, in someone else’s opportunity.

So I keep asking myself: Are we trying to be seen…or trying to become someone worth seeking out?

#Dad #Business #LifeLessons

Yoga has transformed my life in a big way.
It changed how I think about health, work, and long-term performance.
Most activities are unbalanced.
Take tennis, for example.
It works one side of the body more than the other.
But yoga brings complete balance. It moves the whole body with control and awareness.

When I hold deep postures, I feel more connected to my body.
And afterwards, I feel lighter, calmer, and more energised.
I discovered it through Hot (Bikram) Yoga.
It was tough, so I set a challenge for myself to go and practice for 70 or 90 days in a row.
Back then, I was working full-time as head of research, yet I still went every single day.
If I knew I could not go tomorrow, I would go twice today.
Finishing those 70 days reshaped my discipline and my mindset.
Over the years, my approach changed.
Hot yoga pushed me harder than necessary.
Now I prefer slow, deep, yin-style sessions.
They give me balance, clarity, and long-term sustainability.
Yoga is one of the strongest lifelong habits I have built, and I genuinely believe young people should bring it into their daily routine early.
If you practice yoga, share your favourite style or routine. I would love to learn from your experience.

#YogaLife #WellbeingJourney #HealthyHabits #PersonalDevelopment

I want to personally congratulate all the graduates of the Valuation Master Class Boot Camp 21. You have completed the toughest valuation course in the world. Be proud! Let's celebrate!
Korawat Chairat
Dan Vibhagool
Pimwalun Sriyod
Teera (Sam) Pupipathirunkun
Tita Keeratiwong
Waqas Ahmad
Thakorn Khanchitanon
NADHAPHON WILAISARANAN
Abayomi Samuel
Adham El-Feky
Papawich Sa-nguanpao
Khachapon Charoenlert
Patsakorn Ruangroj
Piyasak Thompson
Ashish Pandey
Inzmamulhaq Inamdar
Oluwatobi Ibosiola
Karin Maged
Habeebat E., ACA
Ashar Ali Khan
Hitesh Garg
Akruti Mishra
Vimolwan Masnarakorn

#ValuationMasterClass
Mo'men Elsayed

Valuation Master Class Boot Camp #21

If I could only teach one lesson about valuation for the rest of my life, it would be this.
How do you increase the profits of a business, and how do you do it with less capital?
That is the challenge I love most.

It ties directly into free cash flow, which has two components: the core profit of the business, and how much investment we have to make to sustain that profit.

I would love to teach more lessons where we break down free cash flow structures of different companies and industries, helping people truly understand this.

In my own company, CoffeeWORKS, I have tested many formulas, but we ended up focusing on one key metric: free cash flow as a percentage of revenue.
It shows how much of our revenue flows through to free cash flow. If that percentage rises, we are dramatically increasing the business’s value.
That is what excites me. 
And every time someone finally “gets it,” it reminds me why I love teaching this concept in the first place.

#Finance #Valuation #Investing #EquityResearch

Something big is coming!

I’m launching the Valuation Master Class Show.
A daily 30-minute live session to help you master valuation in months, not years.

Starting tomorrow, I’ll be live every Mon to Fri across X, LinkedIn, YouTube and Facebook.

Each session is designed to give you practical insights and the kind of guidance that actually moves your finance career forward.

I’m ready to kick this off and bring you along for the ride.
Set your alert. Tune in live. Your valuation journey starts here.

What a lovely afternoon tea session we had with FINNOMENA and the All Weather Strategies investors yesterday at the InterContinental. 

Thank you all for coming and for your trust in our strategies!

Pakjira Manatangsakunkit didn’t join the Valuation Master Class Boot Camp to stay comfortable. She joined because she wanted to push herself harder than ever and grow fast.

What she found was a supportive community that pulled her forward. Friends who made learning enjoyable and showed up every week ready to help.

Throughout the boot camp, she kept breaking her limits.

Every time she felt she knew something, she discovered there was even more to learn from instructors and from the constant feedback of her peers.
If you’re looking for a space that pushes you and supports you at the same time, the next cohort begins on February 16.

Apply here: https://lnkd.in/gggpKUQt
#Finance #ValuationMasterClass #Graduates

People often ask how I balance ambition with peace of mind.
I always start with one idea, and it is to separate stress from pressure.
Stress kills. Stress is the feeling that I cannot do this.
Pressure is simply the need to finish something by a certain time.
Stress comes from doubt. Pressure comes from responsibility.
And knowing the difference changed my life.

So, I rely on two principles.
First, I commit to learning.
I remind myself that I may not be good today, but I can learn tomorrow.
And when I feel real doubt, I step away.
I focus on areas where I can win. That is how I avoid fighting battles that only drain me.

Second, I take my health seriously.
I do not drink alcohol or do drugs.
I sleep early between 8 and 10.
I wake up naturally without an alarm.
I eat healthy, mostly home-cooked food.
I sleep deeply, even if the hours are short and track my sleep with Fitbit.
I walk often and practice yoga regularly.

All of this keeps my stress low and my energy high.
And that is why I can show up every day with clarity, focus, and drive.
If this resonated with you, I’d love to hear how you handle stress and pressure in your own life. Your perspective might help someone else, too.

#LeadershipDevelopment #Mindset #StressManagement #PersonalGrowth

Spotting red flags in financial statements is one of the most underrated skills in finance.

Most analysts only look at the numbers… but the real insight comes from understanding how those numbers can be stretched, polished, or distorted.
If you can identify manipulation early, you immediately stand out in equity research, valuation, and investing.

In the Valuation Master Class Boot Camp (starting Feb 16, 2026), you’ll learn how to read beyond the surface, detect accounting tricks, and build valuations with real confidence.

You’ll analyse real companies, write 4 full reports, and become job-ready in 12 weeks.
Apply here: https://lnkd.in/gVc5_y2j

How companies manipulate financial statements

Yesterday, 9 business owners, leaders, and professionals met in Bangkok to Double Profit by Creating a Long-Term Sales Strategy.

The session focuses on building client trust, overcoming objections, and creating a strategy for lasting sales growth.

Next up: 
📅 Dec 16 – Double Profit by Crafting a Winning Business Strategy, where we focus on crafting a strategy that drives growth and lasting value.

Do as other business owners and leaders do—NEVER STOP LEARNING—and join us!

 🙏 Thank you to our sponsor CoffeeWORKS!

#familybusiness #doubleprofit #in3hours #education #execed #bangkok

As I’ve navigated my career and life, one simple truth has become increasingly clear. All we truly have is TODAY.

It's easy to get caught up in planning for an ambitious, distant future, or stressing over past mistakes. But I've found that the only place we can actually apply effort and make a difference is right now.

I was taught a valuable lesson years ago about the power of a daily inventory. A simple way to check in, acknowledge any missteps, and course-correct. It’s not about perfection; it’s about effort. 

We might not always hit the results we want, but if we honestly did the best we could with the resources and time available today, that's a win.

Our ability to take meaningful action can sometimes fade over time. That's why I'm trying to be more intentional about closing the loop on issues today. The less baggage we carry forward, the more energy we have for tomorrow's opportunities.

Ultimately, our lives are lived one day at a time, and the quality of our future is determined by the quality of our actions right now.

How do you tackle the "daily inventory" in your own professional life?

#Dailyactions #professionalgrowth #leadership #LifeLessons

Valuation Master Class Show

Introducing the Valuation Master Class Show, a daily 30-minute live experience where I help you master valuation in months, not years.

Each session is designed to provide you with practical insights, clear thinking, and the kind of guidance that actually moves your finance career forward.

Madhura S, Mo'men Elsayed and 19 other attendees

Interest rates are getting more dramatic than politics… so let’s break it down.

If you’re a visual learner like me, the infographic below will make everything click.
If not, you can read the simple breakdown right here.

Developed countries are cutting rates.
Emerging markets are stuck with high ones.
That gap?
It changes everything.

Rich countries  especially the U.S. have stronger currencies, deeper bond markets, and more political influence.
They can push rates down whenever they need to.

Emerging markets don’t have that luxury.
If they cut too much, their currencies fall, imports get expensive, and inflation surges.
So they’re forced to keep rates high.

Meanwhile, the U.S. isn’t just reacting to global rates…
It shapes them.
When America cuts, the whole world feels it.

And with the 2026 midterms ahead, a sitting president has one huge incentive. Make the stock market look incredible.

Because a booming market = happy voters = no “lame duck” presidency.

This is why many expect a Trump administration would pressure the Fed to cut rates fast, deep, and maybe even toward zero.

And if that happens… buckle up.

Lower interest rates are rocket fuel for equities:

• Companies pay less interest → higher profits → higher valuations
• Discount rates fall → future cash flows look more valuable
• Bonds lose appeal → more money flows into stocks

If rates drop aggressively, stocks could rise far more than the market currently expects.

Interest rates shape economies.
Politics shapes interest rates.
And together, they shape your portfolio.

What’s your take ? Are rates heading near zero again or not? Tell me in the comments.

#ValuationMasterClass #InterestRate #Finance

Valuation of Fastenal Co. (Sell) - Valuation Master Class Boot Camp #23

Watch the first presentations from the world’s toughest valuation program — the Valuation Master Class Boot Camp, live!
To complete the first half of the Boot Camp, students must present their comprehensive research and valuation of Fastenal Co., showcasing the skills they’ve built over the past six weeks.
🚀 Next Boot Camp starts February 16, 2025.
Don’t miss your chance to join the journey.
👉 Sign up now and unlock a special offer:
valuationmasterclass.com

Mo'men Elsayed, Emmanuel Santiago and 4 other attendees

Valuation of Fastenal Co. (Sell) - Valuation Master Class Boot Camp #23

HEINEKEN (Cambodia)

1- Compliance Oversight: 
i. Develop and maintain a comprehensive understanding of Agent’s related SoPs, SLA, and industry standards relevant to HCAM. 
ii. Establish and maintain internal controls to safeguard company assets and ensure accurate inventory report and agent’s health reporting.

2- Audit Management: 
i. Plan and execute internal audits to assess the effectiveness of financial controls(inventory) and compliance with relevant policies. 
ii. Coordinate with external auditors during annual audits and provide necessary support to ensure timely completion of audit activities.
iii. Review audit findings and develop action plans to address identified deficiencies or areas of improvement.
iv. Monitor the implementation of audit recommendations and track progress towards.

3- Risk Management: identify and assess risks faced by the entity, including but not limited to fraud, misappropriation of inventory management, and regulatory non-compliance.

4- Training and Awareness: 
i. Foster a culture of compliance and ethics with the entity through regular communication and awareness campaigns. 
ii. Act as s resource for employees seeking clarification or guidance on compliance issues and encourage open communication channels.

5- Reporting and Documentation:
i. Prepare and maintain accurate records of compliance activities, audit findings and remediation efforts. 
ii. Ensure that all documentation related to compliance activities is properly organized, stored, and readily accessible for internal and external stakeholders.

6- Continuous Improvement: 
i. Continuously evaluate and enhance the effectiveness of compliance programs, processes, and control based on industry best practices and emerging trends. 
ii. Proactively identify opportunities for streamlining operations, optimizing resources, and enhancing overall efficiency within the finance compliance function.

Finance Compliance Supervisor

The HEINEKEN Company

Finance Compliance Officer

Smart Axiata

Business Support System Engineer

To whom it may concern, 

My career objectives:  
1.	Make sure businesses conform to contractual obligations, government regulations, and laws.
2.	Proactively driving results, identifying, and mitigating any potential conflicts in advance, and directing compliance issued to appropriate departments for investigation and resolution.

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