The Modeller’s Miscellany #121
"This is the maddening truth about time, which most advice on managing it seems to miss. It’s like an obstreperous toddler: the more you struggle to control it, to make it conform to your agenda, the further it slips from your control."
– Oliver Burkeman
Four Thousand Weeks
Four Thousand Weeks by Oliver Burkeman was easily the best book I read this summer. As a productivity geek, it somewhat challenged my whole world view! The Guardian newspaper called it a "wise meditation on human transience" which "strikes a perfect balance between self-help manual and philosophical odyssey". Productivity, it turns out, is a fairly dubious modern virtue. If you're struggling with "not having enough time" and wondering why you never seem to get through your inbox, I recommend it. You can find the book here, or read this decent summary.
Data driven modelling
In this article, Myles Arnott, one of the founders of Full Stack Modeller, argues that when designing your models, it helps to separate the data later, the analytical layer and the reporting layer. He explains why it's helpful to invest time in the data stage of the build and create a single data set, in tabular structure that is the single source of truth in your model. Read more here.
Financial Modelling Summit
The Financial Modelling Summit will run from October 5th to 7th and features some of the heavyweights from the modelling and Excel worlds. Tickets are on sale now. You can also make your nominations for the 2022 Financial Modelling Awards.
As humans, our ability to make the right decisions is limited by the many constraints of our mind. One such constraint is the availability bias — our tendency to make judgments based on previous experiences that are easily recalled. When some piece of information is easily brought to mind, we incorrectly assume that it’s an accurate reflection of reality. This cognitive bias often leads to the illusion of rational thinking and, ultimately, to bad decisions. Read more about availability bias in this Ness Labs article.
Modeller’s Miscellany Jobs
If you have a financial modelling related position you’d like us to include, please email email@example.com.
Valuations Associate - Revantage - London, UK (Hybrid)
Corporate Finance Assistant Manager - Beacon Rail Leasing - London, UK
Financial Modeller and Analyst - Right At Home - Omaha, NE, USA (On site)
Financial Modeller - Bayut - Dubai, UAE (On site)
Financial Analyst - Motorola Solutions - Cracow, Poland (Hybrid)
Senior Financial Analyst - Hynds Pipe Systems Limited - Auckland, New Zealand (on site)