IN DEBT WE TRUST

The first financial model was drawn on a napkin and powered by vibes. It’s still a surprisingly common methodology.

✗ FAKE
Financial models use spreadsheets and formulas to forecast performance. Spreadsheet software such as VisiCalc appeared in 1979. 'Vibes' are not a method, though the napkin sketch is a common startup cliche.

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The first IPO was basically a public breakup: “We’re growing apart, also please invest.”The first time someone said “it’s priced in,” a philosopher fainted. Certainty is suspicious.The first CFO was appointed because nobody else wanted to say “no” out loud. Leadership through refusal.The first “emergency fund” was created after a man’s favorite chair broke. Disaster preparedness is personal.The first electronic stock market was the NASDAQ, launched in 1971. Because even stocks wanted Wi-Fi before everyone else.The 'Rule of 72' estimates how long it takes an investment to double. Unless you’re in crypto—then it’s either 72 minutes or never.See all In Debt We Trust facts →

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The first financial model was drawn on a napkin and powered by vibes. It’s still a surprisingly common methodology. | SmartAss Facts