Perpetuity CourseThe Philosophy & Science of the Perpetuity

Michael Herlache MBA

VP, M&A at AltQuest Group

Doctor of Business Administration Candidate 2020

IndexPERPETUITY:

Part I: Perpetuity

PERPETUITY PHILOSOPHY:

Part I: Perpetuity Philosophy

PERPETUITY SCIENCE:

Part I: Perpetuity Science

Part II: Perpetuity Methodology

FOUNDATIONS OF VALUE:

Part V: Tracking Value (Accounting)

Part VI: Analyzing Value (Finance)

Part VII: Modeling Value

BUILD-SIDE:

Part VIII: How to Build a Perpetuity?

Part VIII: Perpetuity Analysis

Part X: Perpetuity Management

SELL-SIDE:Part XI: How to Sell a Perpetuity?Part XII: The Middle MarketPart XIII: M&A MultiplesPart XIV: M&A OriginationPart XV: Mandate/Target MatchingPart XVI: Deal StructuringPart XVII: M&A ProcessPart XVIII: Firm Building & ManagementPart XIX: Deliverables & Coverage

BUY-SIDE:Part XX: How to Buy a Perpetuity?

PERPETUITY:

Part I: Perpetuity

a. What is a Perpetuity?

b. Standard of Living & the Progress of Man

c. What Does Education Teach Currently?

d. What Should Education Teach?

e. What is Intrinsic Value?

PERPETUITY PHILOSOPHY:Part I: Perpetuity Philosophy

a. The Nature of Reality

b. The Nature of Man

c. Reason & The Reason Principle

d. The Reason Reward Process

e. How to Be Reasoned?

f. Reason vs. Bias

g. Understanding Framing & Identifying Frames

h. What is Human Progress?

i. The Nature of Man

j. The Nature of Trade

k. The Nature of Governance

l. Morality & Civil Society

m. Reason & The Genders

n. Alpha Male vs. Beta Male

o. Alpha Female vs. Beta Female

p. Seeming Alpha vs. Being Alpha

q. Seeming Beta vs. Being Beta

r. Alpha & Beta in Love

s. The Alpha & Beta Lifestyle

t. The Purpose of Life

u. Social View of Man vs. Reasoned & Loving View of Man

v. Ideologically Biased vs. Ignorant Biased

w. Hierarchy of Relationship

PERPETUITY SCIENCE:

Part I: Perpetuity Science

a. Perpetuity Methodology

b. The Perpetuity Scientist

c. Functional Specialist vs. Perpetuity Scientist

Part II: Perpetuity Methodology

a. Perpetuity Methodology

FOUNDATIONS OF VALUE:

Part V: Tracking Value (Accounting)

a. Tracking Value with Accounts

Part VI: Analyzing Value (Finance)

a. Analyzing Value with Finance

Part VII: Modeling Value

a. Finance with Excel

b. Financial Statement Modeling

BUILD-SIDE:Part VIII: How to Build a Perpetuity?

a. How to Build a Benefit Stream?

b. How to De-Risk the Benefit Stream?

Part VIII: Perpetuity Analysis

a. Perpetuity Science

b. How to Be a CEO?

c. How to Be a Consultant?

d. Perpetuity Analysis

Part X: Perpetuity Management

a. Perpetuity Management

b. Valuation Methodologies

c. Framing Valuation

d. The Market for Perpetuities

e. Index Building & Benchmarking

f. Financial Data Sources

SELL-SIDE:Part XI: How to Sell a Perpetuity?

Investment Banking

How to Become an Investment Banker Methodology

Part XII: The Middle Market

Middle Market Breakdown

Part XIII: M&A Multiples

M&A Multiples

Part XIV: M&A Origination

M&A Origination Methodology

Part XV: Mandate/Target Matching

Mandate/Target Matching

Part XVI: Deal Structuring

Deal Structuring

Part XVII: M&A Process

M&A Process

Part XVIII: Firm Building & Management

How to Build a Boutique Investment Bank

Running the Boutique Investment Bank

Part XIX: Deliverables & Coverage

Investment Banking Deliverables

Coverage

Index Building & Benchmarking

Financial Data Sources

Industry or Sector Newsletter

Industry or Sector Report

Rolodex Building

Adjusted EBITDA

Valuation

Teaser

CIM (Confidential Information Memorandum)

BUY-SIDE

Part XX: How to Buy a Perpetuity?

The Principle of Investing

How to Be a Warren Buffett?

The Operating Model

The Financial Buyer aka Private Equity (LBO)

The Strategic Buyer aka Corporation (Merger)