A2m - Extrapolating Perfection May Leave A Sour Taste, page-62

Its funny you know because i haven't done one of these spreadsheet type things for years and years but i used to do a massive amount of them...........like i was the intrinsic valuation king and people from far and wide would ask me what my intrinsic valuation of compnay x y or z was and i would tell them to the cent what i thought it was........one day i realised that these spreadsheets were like creating the next mavel comic superhero........that is to say they can say and do whatever you want them to do......you
want a business to be 10 feet tall and bullet proof then just tweak the numbers.......you looking for a short position then just tweak then numbers........the spreadsheet its self is the superhero, it can make a company whatever you wants to be, the only limits are your imagination if you tweak the numbers enough.

The types of companies i invest in really hasn't changed since that lightbulb moment but i have saved myself a sh1t tonne of time pondering spreadsheets.