How did you learn how to do three statement modeling?
We don’t do this type of modeling at our valuation firm but I decided to take it upon myself to learn on my own (seems like it’s something important to know)
I read every walk through and downloaded every free template I can find and check nearly every single cell. Some of these are beast of models, 500+ rows, with tons of schedules. Still haven’t built my first model yet. Tons of time spent but I need some feedback.
How is this learned in practice? Do people start with a base template their firm uses? How much time is given to an analyst to construct one of these, an average one? I think I will have enough knowledge and confidence to build one soon (I will be using Macabacus’s step by step model for guidence) but if anything I said raises red flags or ya’ll have any advice, I’d love to hear it.
We’re gonna win so much, you may even get tired of winning. And you’ll say, 'Please, please. It’s too much winning. We can’t take it anymore. Mr. President, it’s too much.' And I’ll say, 'No, it isn’t!' We have to keep winning!
Study together. Pass together.
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