Goblins,

Hope the break was productive, each day you should feel yourself moving closer to confident. Convert nervous energy to work. Push your peers.

Use GOBLINMODE to progress through the technicals and ensure you’ve covered your bases. Use the Know + Don’t Know buttons to really dial that in.

Below we have an absolutely incredible article on delivering mock interviews.

Goblin Topic Pick: “Free Cash Flow” from Bulges

☞  What are Free Cash Flows? -Credit Suisse (UBS)
☞  When calculating EV, why do you use Tax Effected EBIT instead of Net Income to build Free Cash Flows? -Bank of America
☞  If you have a company with changing capital structure, do you use levered or unlevered FCF? -Morgan Stanley

Platform Updates

  • We’ve implemented structure to the answers based on our Answer Frameworks

    Try offer code OGNEWS for a free week ;)

Weekly Exploits

  1. Withhold the validation—seeking approval is a weakness; force the candidate to rely on internal conviction by maintaining a neutral poker face, mimicking the actual indifference of a senior banker.

  2. Audit the performance—"good job" is empty calories; track every technical slip and filler word in a spreadsheet to provide a forensic, line-by-line review that actually corrects behavior.

  3. Break the script—memorization fails under pressure; accelerate rapidly from behaviorals to complex modeling, changing variables mid-flight to test for true conceptual agility rather than rote recitation.

  4. Reframe the kindness—comfort is a disservice during prep; true help is rigorous, uncomfortable feedback that exposes cracks now so they don't collapse during the real interview.

→ Read the full article here.

  1. Kill the rambling—structure is the primary signal of competence; if you can't organize your thoughts using skeletons like HERO or STAR-P, you signal that you will crumble under client pressure

  2. Vocalize the logic—don't solve math or technicals in silence; use the CALC framework to walk the Setup → Approach → Steps cleanly so they see your process is sound even if the final number drifts

  3. Anchor the narrative—most candidates recite a chronological bore; use the Hero’s Journey to force a logical arc from your background to the bank, proving your move is a calculated pivot, not a random wander

  4. Audit the tape—passive reading creates a false sense of security; you must record your answers, listen for the ramble, and drill the framework until the structure is invisible and only the content remains

→ Read the full article here.

Punch it through, baby!

Ever yours,

The Offer Goblin

AND ONE MORE THING …. I'm coming for every enzyme

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