2min chapter

Planet Money Summer School cover image

MBA 3: Accounting and the Last Supper

Planet Money Summer School

CHAPTER

The Benefits of Spreadsheets

Wall Street is basically a bunch of Excel spreadsheets flying back and forth. Today, the spreadsheet is the way people in finance talk to each other. The London whale story from a couple of years ago about a trader at JP Morgan who lost the bank $6 billion was partly a spreadsheet error. It's particularly a problem with spreadsheets because they're very easy to use.

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