Insights

Those interested in investing or cheeseburgers (and I would hope that covers everybody) should read this article about Burger King. It covers the rise of Andrew Schwartz from analyst at Credit Suisse First Boston to CEO of Burger King by age 32, and the drastic changes made at the company since he assumed the role. The approach taken by Schwartz has been an unprecedented departure from the industry norm. Fortunately Wall Street is a fan.

It’s always helpful to see new vocabularly in different context. And even more so if it’s interesting… Below you will find mention of the p/e ratio as it relates to valuation in international markets and corrupt government practice.

The cash flow statement doesn’t always get the attention it deserves. If you think about valuation metrics most frequently cited in the press or analyst reports, most pull from the income statement: price-earnings ratio (P/E ratio), earnings per share (EPS), multiples of EBITDA, multiples of revenue, etc. This might encourage anyone new to valuation or financial modeling to spend a disproportionate amount of time examining the income statement.

While I hope that ASimpleModel.com becomes an integral part of anyone’s learning process, I believe that learning this skill set requires exposure to multiple sources. For that reason I am posting a list of resources. These resources have been picked using the collective findings of many internet searches, and commentary on sites like Reddit and Quora. For the time being I am including three categories: Free Resources, Books and Paid Programs.

Jon Gattman, who I’m privileged to say is a cool friend, is in the process of launching Cloverdale Capital, a Dallas-based, value focused long/short equity hedge fund. He has capital committed, and the fund is set to launch in October of this year. Everything is lined up with one exception: junior talent.