Warren Buffet famously said “Beware of geeks bearing formulas”.
“Discussing price isn’t rude or impolite… It’s business, not a cocktail party!”
Can one model do everything?
The best courses will recognise that there is work to be done once the classroom course is finished.
So what happens to all that spare thinking time? Where does it go?
It may well be, and very often is the case that the model is right, but you have to be able to explain what is going on
Once the modeller understands how a particular area of a business works commercially, it is much more straightforward to create a spreadsheet model.
You may know the feeling, or probably will at some point. That tensing of the stomach, sinking and slightly sick feeling when you spot the mistake
The oil and gas industry is not good at managing price downturn cycles. Shareholders use short-term criteria to reward top management.