An Excel-lent Debacle: A Microsoft contribution to its ignorant users in the finance world [Article]

Microsoft’s Excel is the glue that sort of holds the world together. Most finance folks know this already, but in case you don’t, here are two recent articles expose the extent of the influence that Excel has in the banking system & how dramatic the results are of reliance on spreadsheet models. The first article is about Excel’s contribution to the London Whale trading debacle, & the second is a comment thread on YCombinatior.

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