Consultant’s claims and the evasion of responsibility

Safety in numbers’ mindset contributes to investment herding. It is only human to try to evade responsibillity for difficult decision, particularly when our careers might depend on it. The problem when nobody takes responsibility, bad decisions can flourish.  (…) The best known example of the problem was the power unwittingly vested in credit rating agencies.[…]

Les tiers gérants demeurent sous-équipés en matière d’outils métier.

La Suisse présente la plus forte proportion de gérants de fortune indépendants devant les Etats-Unis et l’Angleterre. Ils seraient 2600 selon le rapport annuel de la Finma. Patrick Dorner recense pour sa part quelque 2000 professionnels au bénéfice d’un statut d’investisseur qualifié. «Le nombre d’acteurs a progressé d’environ 20% ces quatre dernières années», souligne le[…]

A testing time for spreadsheets

Despite users being dangerously error-prone, training in best practices is rarely given. But are these mistakes that matter? Are they of the “don’t let the perfect be the enemy of the good” type; or more like “oops, earnings restatement”? To investigate, the Dartmouth trio asked five organisations to provide five spreadsheets each. The error taxonomy[…]

88% of spreadsheets have errors

Research: Bad math rampant in family budgets and Harvard studies Microsoft Excel makes it easy for anyone to do the kind of number crunching once reserved for accountants and statisticians. But the world’s best-selling spreadsheet software has also contributed to the proliferation of bad math. Close to 90% of spreadsheet documents contain errors, a 2008[…]