10 commandments of financial modelling

By Nick Colas formerly of Convergex via Barry Ritholz

Commandment #1: Know your purpose.

The lesson: The reason to do a financial model – one that forecasts future income statements, balance sheets and cash flows – is not just to figure out if the company in question will beat or miss the next quarter. Rather, it is to understand a company’s entire business model. Where does it

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