The Modeller's Miscellany is a weekly bulletin of cool stuff for financial modellers.
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New group for women in financial modelling
Danielle Stein Fairhurst has created a new group to support women in financial modelling. If you are a women who builds financial models for your work, or you're interested in getting into the financial modelling space then her group would love to have you! The aim of this group is to support and encourage women to become more involved in the financial modelling industry, either through competing in championship events or gaining a qualification. The group is planning to get together via zoom at least once a month to discuss various topics related to financial modelling. Find out more.
Equity crowdfunding in the modelling tech space
Full Stack partner Gridlines has just completed the private beta of their modular financial model build tool Openbox. Openbox is built by modellers for modellers, and can be owned by modellers thanks to an equity crowdfunding round starting in the next few months. This Wednesday, October 28th, Gridlines partner, Kenny Whitelaw-Jones is running a webinar, the next in Danielle Stein Fairhurst's modelling meet up series. Kenny will present what they learned from the private beta and describe how they are approaching the upcoming equity crowdfunding round. Sign up.
The spreadsheet error that keeps on giving
Never before has a spreadsheet error gained so much attention around the world. We wrote about it last week, and almost every other professional modeller and data enthusiast has mentioned it too. But the real problem actually has nothing to do with Excel or what version was used but simply “good old-fashioned data audit disciplines”. Here's another hard-hitting defence against Excel scapegoating.
50 cognitive biases in the modern world
Every day, systematic errors in our thought process impact the way we live and work. But in a world where everything we do is changing rapidly—from the way we store information to the way we watch TV—what really classifies as rational thinking? This infographic from The Visual Capitalist is a comprehensive guide to 50 Cognitive Biases that affect us all.
Soft skills will become even more important in the AI age
As machines increasingly take on work that can be easily automated, soft skills are going to become ever more important. Rather than fearing AI, automation and the changes this will bring to workplaces, we should all be looking to harness our unique human capabilities. This is why we are including soft skills and self awareness in the Full Stack skillset. This article from Bernard Marr lists nine soft skills that are going to become even more precious to employers in the future.
Low code apps to reduce the reliance on spreadsheets
Whilst spreadsheets are great for financial modelling, they are not always the best choice for running operating processes. Low-code apps based on the spreadsheet design metaphor can simplify and digitise business transformation. These apps enable end-users to build custom applications using spreadsheet formulas without having to share large volumes of spreadsheet data. The data already resides in the cloud, which makes it possible to use no-code tools to build an application. Read more.
And finally . . . learning faster, the Elon Musk way!
Love him or hate him, it’s hard to argue against the view that Elon Musk is a once in a lifetime genius. He has disrupted and conquered many different industries, including transportation, energy and space. So how does he do it? This article gives some insight into how he learns so much, so quickly.
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