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Showing posts from October, 2016

Let it go...

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"One death is a tragedy, one million deaths is a statistic" — Stalin
I spent this weekend on a "marathon" at the Durham Book Festival. I saw quite a few shows, presentations and presentations that were more like lectures. Some were very very interesting, challenging, others made me angry, being as a consequence also interesting and challenging... and still, as a consequence, I will have to write about it.
One of the events was about "Love and Loss" with Cathy Rentzenbrink and Decca Aitkenhead talking about their experiences and their books "The Last Act of Love" and "All at Sea".  

As soon as the discussion started I felt uncomfortable, not because  the talk was about death, but because there was no death. Not that I am morbid, at all, and was expecting gory details and external expressions of grief, live. I did not know the circumstances of both writers, but I slowly started seething with the display of luxury of this exercise and its pr…

Compound

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(A bit boring now... money, numbers but what I describe below troubles me... have a read) 

Preamble

A few years ago it transpired that the policy of cuts and austerity based on Armageddon calculations by two Harvard economists, Carmen Reinhart and Kenneth Rogoff, was fundamentally flawed and based on an Excel coding error. Is the PMT Excel interest formula and its daily application in the finance world an even bigger error?
No this is not about the favourite architectural home style of Osama Bin Laden and US Embassies in the Middle East... This is about a permanent "invisible" effect that is present in all arithmetic calculations that include two entities... Excel and Finance; I have to add these are two of my favourite pet hates.
You can see here on this Microsoft Excel training on Formulas
Have a look and see what is wrong... .....
I shall carry on... this has to do with the most used function in Excel, PMT, no not that regular monthly tension that afflicts one third of wom…