I've essentially been forced to take what's called an independent study at my high school because of a snafu with my course schedule and I was hoping to learn IB valuation models since I basically have free reign to learn whatever I want. Is this feasible for me as a senior in high school? Could I actually understand the textbook?
Thanks!
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It is absolutely readable. I'd recommend opening the good old investopedia dictionary while you are reading through this so that you have a general understanding of all of the terms being thrown around.
If you have any questions or are completely lost on something feel free to PM me.
It's definitely readable. You shouldn't have any problems grasping an introductory understanding of public comps and transaction comps. To be honest, these are the best chapters of the book. There is a variety of free resources that are better for introductions to actual modeling in my opinion (Macabus is a well-known example).
As far as valuation is concerned, make sure you start with knowing the fundamentals such as time value of money. It's going to be hard to fully appreciate an operating model unless you have some knowledge of financial accounting. I think if you really want to get the most out of independent studying, spend a substantial amount of time learning the basics of financial accounting and how to navigate through a 10-k and the financial statements.
And how difficult is financial accounting to understand? I have no problem with spending an extra few bucks on a textbook and reading it over the summer in preparation
Yea it's certainly doable, although I doubt you will get much out of it if you don't have any sort of previous finance knowledge (accounting or investing)
It isn't difficult to read and more or less understand, but you might consider learning some basic accounting and corporate finance just to become more comfortable with the terminology and general concepts beforehand.
Thanks for the reply. Where would you suggest getting familiar with accounting and corporate finance? Are there any books/websites you'd recommend?
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