Steven's Isms

Question 1

Dont’s

Answer 1

o Be clear who is addressing who in your writing – can be confusing and when speaking – do not be informal.
o Do not waste his time – ensure you don’t restate what he already knows
o Use Dates in Model, commas in numbers at all times!!!

Question 2

Dos

Answer 2

• Skills to make great analyst – ability to build model in minutia but need to understand. Have to know how to understand business and accounting
• Have to become a real understander of businesses, what makes them tick, what are key variables for the business. Read books to do so.
• Accounting, business understanding, and psychology are key skills for a good analyst
• Have to change as the world changes and make unique forecasts which are not priced into the market – have to think longer-term advantage + tax efficiency
•  Always start at the beginning, read 10-k begin model it out from unit economics
   Be good enough to teach the business
   Start from basic building blocks, bottoms up