Peak Frameworks vs WSO

Did you end up getting it? If so PM me 

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Intern in Legal

For any future people visiting: absolutely do not buy PeakFrameworks HF prep course. This thread came up high in results and want to share my experience with their latest version. Will probably end up making a full thread later because of how frustrating this is and requesting a refund. In no particular order:

• The solutions in the tutor videos and the solutions in the documents are frequently inconsistent for the same part of the same case, making checking your work incredibly frustrating while learning skills. In the one I just did the SBC expense was literally different between videos for the same case.
• The videos will often gloss tiny little details like "Where is the net income figure coming from." When you try to figure this out yourself, be prepared to go on a wild goose chase. The CF statement relies on the BS for a net income figure, and the balance sheet relies on CF cells for components of the net income. I understand this is expected but this tree of dependencies is literally never explained in the videos nor are the solutions any help, because often times instead of re-caulcating cells from information on the same sheet, they will just reference the answer from a completely different sheet, leaving you to guess or infer where the original calculation came from. You will literally go on a quest of discovery swapping between sheets whenever you try to figure out their work, even in the tutorial modules.
• As expected, you will pull figures from call transcripts. But these transcripts are never included in the downloaded file pack, which is annoying. Is a pdf download of motley fool seriously that hard?
• Probably 1/3rd of the sheets I've worked with have had a cell formatting error somewhere (percent/number format or bases wrong)
• Perhaps the worst grievance at all here is trying to figure out when they use information from a case document versus an overly basic assumption. The videos and solutions often never explain where a number comes from so once again I'm being sent on fucking easter egg hunts but this time through every supplementary document to check - did I do this wrong? Did I miss this in the earnings transcript? Or is this another unexplained assumption?
• Sometimes the assumptions are also ridiculously wrong (example: in one case, they reference the Broadcom acquisition of VMWare. Some changes due to this acquisition are frequently the basis of averages and assumptions instead of being properly treated as one time changes). Sometimes the assumptions are averages that make a lot of sense, and sometimes they are literally just a number with zero backing, oftentimes materially lower or higher than the historical trends would imply. Of course this is rarely explained beyond a passing mention.

I have coursework background in Accounting and Corporate Finance from last semester. If you are any farther out or learning how to model for the first time this is probably the worst choice of course you could go with. Please never, ever buy this. Easily 50% of my time feels like it is spent fighting the program instead of learning or practicing anything. The PeakFrameworks Hedge Fund prep course is total dogshit.

Wow, genuinely thank you for the detailed feedback here. Someone sent me this comment a few months ago and we've taken it seriously. It's embarrassing for us to see valid criticism like this, so we've been working on and just published an update directly addressing your points:

• We went through all of the videos and added commentary/text boxes where we felt it was previously unclear.
• We did another formatting pass of all the Excels and files.
• We added a column for Instructions in the Excel breakdown to better clarify the sources of assumptions.
• We've included the company transcripts/presentations in their own .zip to make it easier for students.

The HF Course is the first big one that has been made with me (Matt) and an external partner, so ironing out quality control was a lot harder this time.

We have received positive feedback from others, but it's comments like yours help us make the product better for everyone else.