2min chapter

Planet Money cover image

Summer School 3: Accounting and The Last Supper

Planet Money

CHAPTER

The Problem With Excel Spreadsheets

Wall Street is basically a bunch of Excel spreadsheets flying back and forth. 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. They look really good no matter what goes into them.

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