Nobody is as smart as everybody – Kevin Kelly, Wired Magazine
Although I started boring people about my ideas for this project more than 2 years ago, I’ve only started promoting the Handbook more widely in the last month. So if you’re visiting the site for the first time, welcome. If you’ve been visiting over the last couple of years hoping to see some progress, thanks for your patience!
There are lots of good books about Financial Modelling. As useful as many of them are, they all represent one person’s view on how modelling should be done. With this project, I am trying to change that by writing a book that draws on the wisdom and experience of the wider modelling community.
I was inspired to start the Handbook by books like Business Model Generation, David Roodman’s open approach to writing his book Due Diligence, and more recently Unboss. These books were co-created by distributed groups of experts who share a passion for their topic.
Over the past few years I have taught lots of people to build models and each time I teach a class I learn just as much as the students. New insights are emerging all the time as people apply the principles of FAST to their area of modelling. It would be a wasted opportunity to write a book without tapping into all that great knowledge.
I realise there will be some who think that this is a cynical F1F9 marketing gimmick. It is not. It is an attempt to write a genuinely better modelling book.
I will not be making any money from this project and neither will F1F9. It is a non-profit venture. The whole guide will be available for free online. The modelling guides should develop into a very useful modelling reference library. In due course a hard-copy version will be available to purchase. If sales of the hard-copy version generate any profits, these will be given away to charity.
We will continue to publish small sections of the book regularly. These have been grouped together as financial modelling guides. These guides can be viewed and shared online, and freely downloaded in PDF format. They will be updated in response to the feedback we receive.
The book is based on the principles of the FAST Standard. It will teach some some essential model build skils, as well as looking at applications in particular domains. There will be lots of worked examples.