Excel is a powerful tool, but in our zeal to test out its many powers, we often overuse, and spend far too much time thinking about modeling and too little about business and valuation first principles. I do have a base valuation spreadsheet that I use to value almost every non-financial service company, and over time I have added some bells and whistles. That said, at its core it remains a simple spreadsheet, with no macros or Excel functions. In this session, I provide a link to the spreadsheet and how to use in valuing company, going input cell by input cell. (I am sorry if my voice sounds ragged, but I have a scratchy throat (nope.. Not COVID) and just got off a long flight.)