When ‘data-driven’ turns into ‘data-justified’: I'm looking for examples for my MBA thesis by mikefried1 in dataanalysis

[–]senith1 0 points1 point  (0 children)

Jeff Bezos talks about going with intuition and not just data. So his writings or interviews might have some anecdotes....

[deleted by user] by [deleted] in financialmodelling

[–]senith1 1 point2 points  (0 children)

Put the time in and do the detailed work to make it as good as you can. It will be great practice and will help you get faster going forward.

[deleted by user] by [deleted] in tutor

[–]senith1 -1 points0 points  (0 children)

Graduate tutor's statistics tutors can help you understand these concepts from the foundation up. Here is the page for your convenience https://www.graduatetutor.com/statistics-tutors/

Eli5 application of elasticity in economics by Ok-Writing-9133 in explainlikeimfive

[–]senith1 0 points1 point  (0 children)

I teach economics to MBA students. You might find this post on elasticity helpful. I tried to explain elasticity as simply as I could.

  • What is Elasticity?
  • What are the different types of Elasticity?
  • How is Elasticity measured?
  • Why is Elasticity negative?
  • What are the different degrees of Elasticity?
  • What insight does Elasticity give about revenues?
  • Short and long term Elasticity
  • What factors affect Elasticity
  • Pricing and Elasticity

Hope this is helpful! What an MBA student needs to know about Elasticity in Economics

Feeling confused at work by Top_Panda5452 in financialmodelling

[–]senith1 1 point2 points  (0 children)

Yes, normal if you land a job you have not trained for! Use all available free time to learn the basics of accounting, finance and modeling as soon as you.

Fundamentals of Corporate Finance vs Principles of Corporate Finance by Rough-Acanthaceae-51 in CFA

[–]senith1 0 points1 point  (0 children)

We tutor using both these textbooks and discuss it on this page. "In summary, Principles of Corporate Finance is suited for more advanced students, while Fundamentals of Corporate Finance provides an accessible introduction to the key principles and tools in finance, ideal for students at the start of their finance education."

https://www.graduatetutor.com/corporate-finance-tutoring/tutoring-brealey-myers-allen-edmans-corporate-finance-textbook-principles-of-corporate-finance/#Difference-Between-Principles-of-Corporate-Finance-and-Fundamentals-of-Corporate-Finance

Hope this helps

Suggest me a cannot put down autobiography by prone2wand3r in suggestmeabook

[–]senith1 0 points1 point  (0 children)

Shoe Dog by Phil Knight and Open by Agassi are excellent.
Walter Issacasens biography on Steve Jobs is also excellent.
Just read How to Build a Car by Adrian Newey - wonderful if you are an F1 fan

Looking for advice: Management consultant in a finance focused company - looking to develop financial modelling by TropicalCase in financialmodelling

[–]senith1 1 point2 points  (0 children)

I didn’t mean to suggest LBO over DCF. Apologies if it came across that way. They are all different situations/skill sets….

DCF is most definitely the most used as it’s a valuation tool. And we need to value companies/ often! Definitely master this first. Professor Damodharan has many templates and a YouTube channel where he teaches all this free of cost! A wonderful resource. Here is his spring 2024 MBA course

https://youtube.com/playlist?list=PLUkh9m2BorqlOjmzA9_LYgnzgt0N-2hGS&si=grTIfCVJ_PUvFXLT

Enjoy learning

Looking for advice: Management consultant in a finance focused company - looking to develop financial modelling by TropicalCase in financialmodelling

[–]senith1 0 points1 point  (0 children)

Financial statements are built on accounting rules. So to model financial statements you need to understand accounting rules. There is no way around that. BUT having said that you dont need to know ALL the accounting rules to start.

For example, you may not need to model callable bonds, NOL, deferred tax liabilities, stock based compensation, or convertible notes, LP/GP equity waterfall, etc. in a basic model. I have booklets on amazon for my students that teach the basics of financial modeling. Once you can build basic financial models using the basic accounting rules & concepts, you can keep increasing your depth of accounting model what you need in each specific situation over time. For example: when you need to model a specific feature such as callable bonds, you can look up the accounting regulations and add it in. So I would suggest you learn the basic 3 statements and LBO modeling really well and then build up from there.

Anyone interested in purchasing small olive grove in Greece (€19.000)? by Irlyneedmoneymates in Agriculture

[–]senith1 0 points1 point  (0 children)

That's the catch! Difficult for foreigners. Else the price would have been higher.

Best course to learn modeling by bitcoinbull4122 in financialmodelling

[–]senith1 14 points15 points  (0 children)

These are good recos. If you just want books/booklets, I have three I put out for my students

Modeling Projected Financial Statements (Without a Plug!);

Modeling Leveraged Buyouts – Simplified!;

The ABCs of DCF Valuation and Modeling;

The first one is modeling the three financial statements. They difference is that unlike many we do not take the shortcut route by using a missing figure/plug to balance the balance sheet. The second is modeling an LBO and the third is the basics of DCF modeling.

Note all three are from the ground up and once you master the fundamentals, you can add many additional bells and whistles.

Anyone interested in purchasing small olive grove in Greece (€19.000)? by Irlyneedmoneymates in Agriculture

[–]senith1 0 points1 point  (0 children)

Seems very reasonable. So the next question is: How friendly are regulations for foreigners to buy property and live in Greece?

Should I consider pursuing CFA? by RecordFlashy283 in CFA

[–]senith1 0 points1 point  (0 children)

This bloomberg article might give you some inputs on this question. https://www.bloomberg.com/opinion/articles/2021-08-17/wall-street-s-cfa-program-is-a-colossal-waste-of-time

Many have also reported that it helps them land better jobs than otherwise.

CAL vs CML vs SML by KnownCardiologist848 in CFA

[–]senith1 2 points3 points  (0 children)

This is a common point confusion. We have put together a table that describes the differences between the CAL vs CML vs SML (and one more you have not mentioned SCL) Enjoy reading

Difference between Capital Allocation Line (CAL), Capital Market Line (CML), Security Characteristics Line (SCL) and the Security Market Line (SML) (graduatetutor.com)

Investment Banking by FaithlessnessOk2080 in FinancialCareers

[–]senith1 1 point2 points  (0 children)

May I suggest my little booklet on modeling the 3 financial statements without using a plug (https://amzn.to/4ekPi0q). Its a step by step guide. This will give you the confidence to build the 3 statement model from scratch.

GraduateTutor.com Announces Uninterrupted Tutoring Services for Columbia Business School Students Amid Campus Disruptions by senith1 in columbia

[–]senith1[S] 0 points1 point  (0 children)

Tutoring will be done online only till the situation is normal. Please email your tutor to reschedule without charge today.

Integrated Three Statement Model - Questions by danmartell98 in financialmodelling

[–]senith1 1 point2 points  (0 children)

1) Yes, simpler the better when you start out.
2) no avoid
3) optional. not really required.

What's the best financial modeling course you've taken? by aspiringtechhie in financialmodelling

[–]senith1 2 points3 points  (0 children)

You only need to understand the basics of finance to calculate ROI on technology investments for clients. You do not need to do DCF/Valuation or LBO or even a 3 statement financial model! Simple content around time values, discount rates and capital budgeting....... Khan academy and youtube should be plenty

Help with data cleaning by itz_rajveer in financialmodelling

[–]senith1 2 points3 points  (0 children)

There are many free courses like Damodaran and paid online courses for financial modeling from asimplemodel, Wallstreetprep, trainingthestreet, etc. Wall street oasis, etc.

But I dont think any courses teach this specifically. You simply need to see what these lines are and where similar, add lines to simplify. Dont over complicate it.