This lesson focuses on preferred stocks and includes researching them, identifying key elements, and determining yield call. Quantumonline.com is recommended for research, providing a comprehensive list of preferred stocks and important information. To evaluate preferred shares, consider call/maturity dates, debt obligations, and the company’s ability to make payments. Moody’s and SP ratings provide insight, as well as analyzing the company’s financial health. The prospectus should be read before investing. Use Buffett’s Books yield to call calculator to value preferred shares, noting the call date and type of preferred share. Overall, this lesson provides a useful framework for evaluating preferred stocks and making informed investment decisions.