Disclaimer & Terms
The standard, plain-language version: what this site is, what it isn't, and what you're agreeing to by using it.
Educational purposes only
All content on The LBO Ledger — including course materials, Excel models, articles, and any commentary on specific banks, funds, or career paths — is provided strictly for educational and informational purposes. Nothing on this site constitutes financial, investment, legal, accounting, tax, or career advice, and should not be relied upon as such. Any example companies, deal figures, or financial data used in our models and case studies are illustrative and, where not based on real public information, fictional — built to teach a concept, not to represent real investment opportunities or real company performance.
No guarantee of outcomes
Purchasing or completing a course on this site does not guarantee any specific outcome, including but not limited to: landing an interview, receiving a job offer, passing a technical interview or modeling test, career advancement, or any particular compensation. Outcomes depend on factors entirely outside our control, including your own effort, prior background, the hiring market at the time, and decisions made by third-party employers. We make no representations or warranties about results of any kind.
No professional relationship
Use of this site, our courses, or any communication with us does not create any advisory, fiduciary, employment, or other professional relationship between you and The LBO Ledger. Mentions of real banks, funds, or firms throughout our content are for illustrative and educational context only — we are not affiliated with, endorsed by, or sponsored by any bank, private equity firm, hedge fund, or other company referenced on this site, and no such affiliation should be inferred.
Content provided "as is"
All materials are provided "as is" and "as available," without warranties of any kind, express or implied, including but not limited to warranties of accuracy, completeness, merchantability, or fitness for a particular purpose. While we take care to build models that are formula-accurate and internally consistent, we do not warrant that any content is error-free, and you should independently verify anything you intend to rely on for an actual professional or financial decision.
Limitation of liability
To the fullest extent permitted by law, The LBO Ledger and its creators shall not be liable for any direct, indirect, incidental, consequential, or special damages arising out of or in connection with your use of this site or its content — including, without limitation, any damages related to career outcomes, business decisions, or financial decisions made in reliance on materials provided here. Your use of this site and its content is entirely at your own risk.
Intellectual property
Course materials, including Excel models and written content, are licensed to you for personal, individual use upon purchase. Redistribution, resale, or public sharing of course materials, in whole or in part, without our written permission is not permitted.
Changes to these terms
We may update this disclaimer and these terms from time to time. Continued use of the site after changes are posted constitutes acceptance of the updated terms.
Contact
Questions about these terms, or anything else? Reach us at lboledger@gmail.com.