Everyday millions of financial advisors boot up Microsoft Excel, twiddle a few numbers, and bulk up on data. Managers seem infatuated with matrices of printed numbers. If we produce the right spreadsheet or the right formulas will our financial problems disappear? We forecast the future with Excel business plans. I use this same software to measure the Yellow Brick Road from the Wizard of Oz. Is this the process we should be using to reduce the complexity of our financial problems?Friday, 9 April 2010
How Long is the Yellow Brick Road?
Everyday millions of financial advisors boot up Microsoft Excel, twiddle a few numbers, and bulk up on data. Managers seem infatuated with matrices of printed numbers. If we produce the right spreadsheet or the right formulas will our financial problems disappear? We forecast the future with Excel business plans. I use this same software to measure the Yellow Brick Road from the Wizard of Oz. Is this the process we should be using to reduce the complexity of our financial problems?
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