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Corporate Finance Starter
06-20-2015, 12:27 AM
Hello fellow Redpillers,
This is my first post on this forum of like minded folks. I am a lawyer from India, who works in a corporate law firm. (I know lawyers are hated in these parts, but then I am not a family/divorce lawyer and despise them as much as any Red piller does.) Anyway, to get back on track, I am trying to get ahead in my firm and I see that while I do not lack in my core proficiency, what separates me from a partner is the knowledge of corporate finance and that they just seem to grasp the nuances of a corporate transaction in lesser time than I do. Could anybody suggest a good book/other resource to understand the nitty gritties of finance in simple language? I would want to understand basic cash flow modelling techniques and financial mathematics.
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Corporate Finance Starter
06-20-2015, 12:52 AM
'Modern Monetary Mechanics' by the FED, no longer printed, but there is a PDF file in the web.
'Paul Wilmott Introduces Quantitative Finance' by Paul Wilmott.
With God's help, I'll conquer this terrible affliction.
By way of deception, thou shalt game women.
Diaboli virtus in lumbar est -The Devil's virtue is in his loins.
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Corporate Finance Starter
06-20-2015, 01:42 AM
How about developing a friendly relationship with the successful people you admire, then once you do that asking them for help?
Once you've earned their trust, as well as demonstrated value, they can tell you what you need to know.
There are many nuances all around this which involve managing relationships that you cannot learn in a book, particularly when many academic tomes are written by useless gender-quota talking heads who couldn't succeed in the private sector anyway.
Once you've been given guidance, and understand the relationship side, a handful of algorithms not going to stop you.
In you own time start with finance 101 to get a grounding, PV, FV, IRR, etc. once you understand them and how to input it, software (and graduates) do the work
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Corporate Finance Starter
06-20-2015, 01:58 AM
Mate, a CFA is not a primer, its a high end vocational accreditation.
You don't tell someone to do a CPA to do their own tax return.
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Corporate Finance Starter
06-20-2015, 02:06 AM
^Level 1 wasn't too bad... I passed at least. An hour a weekday studying for maybe two months total then gradual buildup to like 3 hours a day in the final month and a half. But either way that's why I posted the book I learned the most from, there was a lot of repeat in terms of math, just needed to learn definitions.
I'm sure level 1 and 2 are hard as fuck which is why I am not really feeling it. I just can write "cfa level 2 candidate" on my resume if I need a job ha ha. I just did the exam so I could stop drinking so much to be honest, it was a good excuse to bow out of social obligations. Learned a lot though
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Corporate Finance Starter
06-20-2015, 02:26 AM
You could study the Indian AAT. Level 2 you could complete within a week and level 3 a month. Level 4 in 6 months. You get the basic understanding of corporate finance with the added understanding of accountancy procedures that will add value to your firm. Depends how long you want to study and if you want to study for that matter.
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Corporate Finance Starter
06-20-2015, 03:29 PM
Go to Wall Street Prep and sign up for the basic accounting and financial statements analysis courses.
I do have a referral code good for 15% off. Disclosure is that there is a potential kickback in it, but you'd have to buy over 200 for me to get anything and the courses I'm recommending won't add up to that much.
code: REF116470192
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Corporate Finance Starter
06-22-2015, 09:02 AM
I'm a banker and Peregrine knows what he is talking about. My partner can not build an Income Statement but he is the best salesman I have ever seen.
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Corporate Finance Starter
06-22-2015, 05:21 PM
Also keep in mind that he's NOT a finance guy, he's a corporate law guy doing M&A. At that point he needs to be familiar with the main financial concepts but I highly doubt knowing how to do modeling and forecasting. Knowing what each security involved in each company is, how they work, and how potential M&A's would impact them is probably the extent of his knowledge requirements. The finance guys will do the legwork on that and you just need to understand the concepts well enough to sell them and have an intelligent discussion.
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Corporate Finance Starter
06-23-2015, 12:08 PM
Thanks for the advice, amigos! I have completed some courses on Coursera and Open2Study platforms on concepts of finance, financial analysis and financial mathematics. I am trying to build on the existing base of knowledge and trying to read and absorb as much as I can. A systematic plan of study always helps, but since I am putting 70-75 hours a week of labour, that would be tough but I guess, I will have to live with it.