Notes
Tutorials, guides, and analysis to help you master financial modeling.
The LBO Model: What It Is, Why It Matters, and How to Build One
A practical guide to leveraged buyout modeling. Learn how PE firms evaluate deals, how debt paydown drives returns, and how to build your own LBO model with real data.
LBO vs Three-Statement Model: What's the Difference?
They both project financials. They both have debt schedules. So what's actually different between an LBO model and a three-statement model? More than you'd think.
The Three-Statement Model: The Foundation of Everything in Finance
Why the three-statement model is the first thing every analyst learns, how the three financial statements link together, and how to build one from scratch with live data.
What is Monte Carlo Simulation? (And Why Finance Needs It)
Monte Carlo simulation sounds intimidating. It's not. Here's what it actually does, why it's one of the most powerful tools in finance, and why your single-scenario DCF is lying to you.
How to Build a DCF Model: Step-by-Step Guide (2026)
Learn how to build a discounted cash flow model from scratch using live data. This step-by-step guide covers projecting free cash flows, calculating terminal value, and finding intrinsic value per share.