CapitoliaThe 168 chapters
569 minutes, from the first euro invested to the crises that made history.
168 animated chapters · 13 languages
Finance, without jargon and without condescension.
Three-minute chapters, animated and narrated. Zero vocabulary that isn't explained to you.
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Compound interest
Tulip mania
Autumn 2008
Diversification
- Compound interest
- Inflation
- Risk and return
- Diversification
- Fees
- A share, really
- Tulip mania
- Autumn 2008
- Where it actually goes
- The simple rules
- The accounts
- The forms of debt
- The real cost
- Getting out
- When it goes wrong
- Placing an order
- The standing order
- The first mistakes
- Insurance: the principle
- What to insure
- What not to insure
- Loan insurance
- Your salary
- The emergency fund
- Where to start
- Tax wrappers in France
- Tax wrappers elsewhere
- What wrappers change
- The wrapper trap
- Tax on what you own
- Income tax
- Adjusting legally
- The red line
- Pension systems
- What to aim for
- The retirement calendar
- Drawing down
- Other sources of income
- The passive income myth
- Diversifying your income
- Your inner relationship with money
- Money and other people
- Enough
- Deciding badly
- Bonds
- Derivatives
- Market wrappers
- Indices
- How an index is built
- Joining and leaving an index
- What indices hide
- The order book
- The race for speed
- Where securities trade
- Settlement and delivery
- Oil
- Gold
- Metals and harvests
- How contracts work
- What sets the price
- Property bubbles
- Property vehicles
- Leverage at home
- The exchange rate
- Currency exposure, or not
- Emerging markets
- Exchange rate regimes
- The LBO
- Venture capital
- How funds are structured
- Criticisms of private markets
- Measuring risk
- Fat tails
- The risks we forget
- Leverage
- First-order Greeks
- Second-order Greeks
- The performance letters
- The ratios that judge them
- Perception biases
- Action biases
- Mental accounts
- Crowds
- The founders
- The foundations
- The portfolio
- Options
- The dissenters
- Investment styles
- Long, short and neutral
- The mechanics
- Active versus passive
- Valuing by cash flows
- Valuing by multiples
- Long-term markers
- The hard cases
- Reading prices
- Quantitative finance
- The quant houses
- Machine learning
- Twentieth-century bubbles
- Twenty-first-century bubbles
- Anatomy of a bubble
- Black days
- Machine accidents
- The mechanics of a crash
- Hyperinflations
- Monetary regimes
- Speculative attacks
- The forms of money
- Pyramids
- Cooked books
- Rogue traders
- Manipulation
- Crypto frauds
- The promise
- The shapes of a scam
- Crypto scams
- Miracle courses
- The four reflexes
- Before money
- The forms of money
- The great inventions
- Invisible money
- The central bank's tools
- The yield curve
- The faces of central banks
- The limits of central banks
- How a bank works
- Bank runs
- The rules
- Credit
- Who keeps watch
- The documents
- The selling rules
- What is protected, and what is not
- The first banks
- Government debt
- Financial weapons
- Opacity
- The numbers
- Cycles
- The state
- What it changes for you
- The three statements
- What you read first
- The warning signs
- Words that hide
- Measuring inequality
- The engines of inequality
- Social mobility
- The big debates
- Investing differently
- Green labels
- Climate risk
- The saver's power
- The border
- The forms
- The rare-win bias
- Addiction
- On the market side
- On the company side
- On the client side
- In the shadows
- Ageing
- Public debt
- Money
- Climate and AI
Why Capitolia
Understanding money should not be a privilege.
Every figure in the programme is recalculated and checkable.
- Three-minute chapters, animated and narrated.
- Zero vocabulary that isn't explained to you.
- Thirteen languages, because understanding shouldn't depend on yours.
Thirteen languages
Understanding should not depend on the language you happen to speak.
No flattering numbers
Nothing is rounded in the story's favour. The arithmetic is in the text.
No ads, no tracking
No ads and no tracking. No account needed: without one, no personal data leaves your device.
- 168animated chapters
- 13languages
- 7days free trial
Finance, without jargon and without condescension.
569 minutes, from the first euro invested to the crises that made history.
Inside the app
Three-minute chapters, animated and narrated.
The course
The 168 chapters
569 minutes, from the first euro invested to the crises that made history.
Chapter 1Compound interest
Why 100 becomes 1,497
3 min
Chapter 2Inflation
Why sleeping money loses
3 min
Chapter 3Risk and return
You cannot have one without the other
4 min
Chapter 4Diversification
Why you never put it all in one place
3 min
Chapter 5Fees
1% a year, and a quarter is missing at the end
3 min
Chapter 6A share, really
What you buy when you buy a share
4 min
Chapter 7Tulip mania
When a flower was worth a house
4 min
Chapter 8Autumn 2008
The crisis, explained without jargon
5 min
Chapter 9Where it actually goes
The spending you never decided on
3 min
Chapter 10The simple rules
The one that holds in a bad month
4 min
Chapter 11The accounts
Four containers, four different questions
4 min
Chapter 12The forms of debt
The most ordinary one is the dearest
4 min
Chapter 13The real cost
The advertised rate compares nothing
4 min
Chapter 14Getting out
The real choice is not the one you think
4 min
Chapter 15When it goes wrong
The procedure exists, and it protects you
4 min
Chapter 16Placing an order
The quoted price is only the first few shares
4 min
Chapter 17The standing order
The same amount each month buys below the average
4 min
Chapter 18The first mistakes
The four errors that look like caution
4 min
Chapter 19Insurance: the principle
You lose on average, and you are right to buy
4 min
Chapter 20What to insure
Three cases that ruin you, one you weigh up
4 min
Chapter 21What not to insure
Four products, and the sum that rules them out
4 min
Chapter 22Loan insurance
The contract you never chose, and the one you can change
4 min
Chapter 23Your salary
Ten minutes of negotiation against thirty years
4 min
Chapter 24The emergency fund
Three months ahead of you, and why
3 min
Chapter 25Where to start
Your first euro, concretely
4 min- Chapter 26
Tax wrappers in France
The same investment, three different tax bills
3 min - Chapter 27
Tax wrappers elsewhere
The same idea everywhere, under other names
3 min - Chapter 28
What wrappers change
Four rules to read before you open one
3 min - Chapter 29
The wrapper trap
A good box does not save bad contents
3 min - Chapter 30
Tax on what you own
You pay when you cash in, not before
3 min - Chapter 31
Income tax
Brackets, not a single rate
3 min - Chapter 32
Adjusting legally
Pay what you owe, no more
3 min - Chapter 33
The red line
Optimising, avoiding, evading
3 min - Chapter 34
Pension systems
Who pays whose pension
3 min - Chapter 35
What to aim for
How much do you really need?
3 min - Chapter 36
The retirement calendar
Early for time, late for caution
3 min - Chapter 37
Drawing down
Turning capital into income
3 min - Chapter 38
Other sources of income
Beyond the salary
3 min - Chapter 39
The passive income myth
Money that falls while you sleep?
3 min - Chapter 40
Diversifying your income
Not betting everything on one employer
3 min - Chapter 41
Your inner relationship with money
What you learned without knowing it
3 min - Chapter 42
Money and other people
Sharing without losing yourself
3 min - Chapter 43
Enough
Knowing when you have won
3 min - Chapter 44
Deciding badly
Four states that cost a lot
3 min - Chapter 45
Bonds
Lending, and everything that comes with it
3 min - Chapter 46
Derivatives
Contracts whose price comes from elsewhere
3 min - Chapter 47
Market wrappers
What is really in the box
3 min - Chapter 48
Indices
A single number for a whole market
3 min - Chapter 49
How an index is built
The hidden rules behind the number
3 min - Chapter 50
Joining and leaving an index
Those who decide, and those who are forgotten
3 min - Chapter 51
What indices hide
An average number, very different realities
3 min - Chapter 52
The order book
What lies behind a displayed price
3 min - Chapter 53
The race for speed
When a microsecond is worth gold
3 min - Chapter 54
Where securities trade
The stock exchange is only one of the places
3 min - Chapter 55
Settlement and delivery
What happens after the click
3 min - Chapter 56
Oil
The price that shakes the world
3 min - Chapter 57
Gold
The safe haven that earns nothing
3 min - Chapter 58
Metals and harvests
The materials that tell the world's story
3 min - Chapter 59
How contracts work
The hidden cost of time
3 min - Chapter 60
What sets the price
The monthly payment, the land, households, the address
3 min - Chapter 61
Property bubbles
Four countries, the same script
3 min - Chapter 62
Property vehicles
Shares, a loan, securities, a right
3 min - Chapter 63
Leverage at home
Deposit, rate, repossession, total cost
3 min - Chapter 64
The exchange rate
The price of one currency in another
3 min - Chapter 65
Currency exposure, or not
Hedging, what it costs, and when it matters
3 min - Chapter 66
Emerging markets
A premium, paid for uncertainty
3 min - Chapter 67
Exchange rate regimes
Who decides the price of a currency
3 min - Chapter 68
The LBO
Buying a company with its own debt
3 min - Chapter 69
Venture capital
One success pays for all the failures
3 min - Chapter 70
How funds are structured
The one who manages, those who pay
3 min - Chapter 71
Criticisms of private markets
The price, the exit, the fees, the debt
3 min - Chapter 72
Measuring risk
Five numbers, none enough
3 min - Chapter 73
Fat tails
When the impossible happens often
3 min - Chapter 74
The risks we forget
The ones that do not show in the curve
3 min - Chapter 75
Leverage
Multiplying the gain, and the ruin
3 min - Chapter 76
First-order Greeks
Five letters to read an option
3 min - Chapter 77
Second-order Greeks
When the letters themselves move
3 min - Chapter 78
The performance letters
Judging a manager, not a number
3 min - Chapter 79
The ratios that judge them
A gain divided by a risk
3 min - Chapter 80
Perception biases
When the brain sees crooked
3 min - Chapter 81
Action biases
When we act crooked
3 min - Chapter 82
Mental accounts
A euro is not always a euro
3 min - Chapter 83
Crowds
When everyone follows everyone
3 min - Chapter 84
The founders
Those who made economics human
3 min - Chapter 85
The foundations
Chance, efficiency, and their limits
3 min - Chapter 86
The portfolio
When diversification becomes a calculation
3 min - Chapter 87
Options
A formula that is wrong, and indispensable
3 min - Chapter 88
The dissenters
Four voices against the bell curve
3 min - Chapter 89
Investment styles
Five families, five logics
3 min - Chapter 90
Long, short and neutral
Earning other than by following the market
3 min - Chapter 91
The mechanics
Gaining a little, often, and the question of the day it all breaks
3 min - Chapter 92
Active versus passive
The one debate the numbers settle
3 min - Chapter 93
Valuing by cash flows
What it will bring in, brought back to today
3 min - Chapter 94
Valuing by multiples
How much are you paying, compared with what?
3 min - Chapter 95
Long-term markers
Knowing where you start from
3 min - Chapter 96
The hard cases
Valuing a promise, a pebble, a unicorn
3 min - Chapter 97
Reading prices
What charts say, and what they leave out
3 min - Chapter 98
Quantitative finance
Looking for a whisper in a stadium
3 min - Chapter 99
The quant houses
Mathematicians rather than financiers
3 min - Chapter 100
Machine learning
Where the machine shines, and where it disappoints
3 min - Chapter 101
Twentieth-century bubbles
This time is different. Really?
3 min - Chapter 102
Twenty-first-century bubbles
Four new objects, one single story
3 min - Chapter 103
Anatomy of a bubble
Five acts, always in the same order
3 min - Chapter 104
Black days
The worst day does not tell what comes next
3 min - Chapter 105
Machine accidents
When the program does exactly what it was told
3 min - Chapter 106
The mechanics of a crash
Selling because you must, not because you want to
3 min - Chapter 107
Hyperinflations
When money melts in your hand
3 min - Chapter 108
Monetary regimes
What is a currency anchored to?
3 min - Chapter 109
Speculative attacks
When people bet against a promise
3 min - Chapter 110
The forms of money
Who promises, and what guarantees it?
3 min - Chapter 111
Pyramids
Paying the old with the new people's money
3 min - Chapter 112
Cooked books
A photo can be retouched
3 min - Chapter 113
Rogue traders
Doubling down to win it back
3 min - Chapter 114
Manipulation
When people cheat on the price itself
3 min - Chapter 115
Crypto frauds
A promise you cannot check
3 min - Chapter 116
The promise
Four words that should make you run
3 min - Chapter 117
The shapes of a scam
Four disguises, one mechanism
3 min - Chapter 118
Crypto scams
New tools for very old tricks
3 min - Chapter 119
Miracle courses
When the product is you
3 min - Chapter 120
The four reflexes
Two minutes worth all your savings
3 min - Chapter 121
Before money
In the beginning was debt
3 min - Chapter 122
The forms of money
From shells to banknotes
3 min - Chapter 123
The great inventions
How money stopped travelling
3 min - Chapter 124
Invisible money
From the card to the code
3 min - Chapter 125
The central bank's tools
Five levers on the price of money
3 min - Chapter 126
The yield curve
The price of time, on a single chart
3 min - Chapter 127
The faces of central banks
Four men, four crises
3 min - Chapter 128
The limits of central banks
When the lever stops responding
3 min - Chapter 129
How a bank works
Borrow short, lend long, and create money
3 min - Chapter 130
Bank runs
When everyone rushes to the counter
3 min - Chapter 131
The rules
How many losses a bank can absorb
3 min - Chapter 132
Credit
The price of doubt
3 min - Chapter 133
Who keeps watch
The money police
3 min - Chapter 134
The documents
What you must be told, and what nobody reads
3 min - Chapter 135
The selling rules
Who advises you, and who pays them
3 min - Chapter 136
What is protected, and what is not
The guarantees, and their borders
3 min - Chapter 137
The first banks
When finance learned to talk to kings
3 min - Chapter 138
Government debt
Borrow, do not repay, start again
3 min - Chapter 139
Financial weapons
When money becomes a weapon
3 min - Chapter 140
Opacity
Owning without appearing
3 min - Chapter 141
The numbers
What the big indicators really measure
3 min - Chapter 142
Cycles
Rise, overheat, fall, restart
3 min - Chapter 143
The state
Deficit, debt, and what they cost you
3 min - Chapter 144
What it changes for you
Rates, savings, jobs, prices: macro at home
3 min - Chapter 145
The three statements
Reading a company like an accountant
3 min - Chapter 146
What you read first
Four numbers before all the others
3 min - Chapter 147
The warning signs
What flashes before the bad news
3 min - Chapter 148
Words that hide
When vocabulary dresses up the accounts
3 min - Chapter 149
Measuring inequality
A single number is never enough
3 min - Chapter 150
The engines of inequality
Why gaps widen on their own
3 min - Chapter 151
Social mobility
The lift, and what blocks it
3 min - Chapter 152
The big debates
Four ideas to narrow the gaps
3 min - Chapter 153
Investing differently
Four ways to put your values into your money
3 min - Chapter 154
Green labels
ESG, taxonomy, and the art of painting things green
3 min - Chapter 155
Climate risk
When climate enters the accounts
3 min - Chapter 156
The saver's power
What your money can really change
3 min - Chapter 157
The border
Investing, speculating, gambling, hedging
3 min - Chapter 158
The forms
The same bet, in different clothes
3 min - Chapter 159
The rare-win bias
Why the very unlikely attracts us
3 min - Chapter 160
Addiction
When the screen plays with you
3 min - Chapter 161
On the market side
Four jobs, four ways of getting paid
3 min - Chapter 162
On the company side
The finance people who work from the inside
3 min - Chapter 163
On the client side
Who advises you, and who pays them
3 min - Chapter 164
In the shadows
Those who say no, count and check
3 min - Chapter 165
Ageing
Who will pay for pensions?
3 min - Chapter 166
Public debt
What makes it bearable, or not
3 min - Chapter 167
Money
Who will make tomorrow's money?
3 min - Chapter 168
Climate and AI
Two transformations, a lot of uncertainty
3 min
FAQ
Frequently asked questions
Does Capitolia give investment advice?
No. Capitolia is an educational programme. It explains; it never recommends any product.
How much does Capitolia cost?
The subscription renews automatically at the price shown unless cancelled at least 24 hours before the end of the period. Cancel anytime in your App Store account settings.
Do I need an account?
No ads and no tracking. No account needed: without one, no personal data leaves your device.
Which languages?
Thirteen languages, because understanding shouldn't depend on yours. Français, English, Español, Português, Русский, 中文, हिन्दी, العربية, বাংলা, اردو, Indonesia, Deutsch, Nederlands.
From the same maker
Two other apps, built with the same care.
Understanding money should not be a privilege.
No ads and no tracking. No account needed: without one, no personal data leaves your device.
Download on theApp StoreGoogle PlayComing soon to Android
Start free trial