geoff@theinvestmentanalyst.com
The Model Isn't the Analysis. The Analysis Is Everything You Cut Out of the Model.
The first DCF I ever built had 17 tabs. I remember because I counted them, proudly, when I handed it to my new Boss. He didn't open it. He asked me what the three things were that mattered most to the valuation. I started to explain the WACC build. He cut me off. "No. The three things about the business."
Read full blog post
3 min read





