The ideas behind the questions. Read the concept, then go practice it.
Why EBITDA is everywhere — how to calculate it, what makes it so comparable, and where it misleads.
Forecasting free cash flow, choosing a terminal value, and discounting — the full mechanics of a DCF.
Picking the right comps and precedents, scrubbing the data, and the control premium — how relative valuation works in practice.
The three levers of LBO returns, what makes a good LBO candidate, and how sponsors measure MOIC and IRR.