Hi there,
Another Monday morning! This week I’m finishing the course that started last week and I’ll be trying to finish the Gridlines Essential Financial Modelling course at the same time as well. Busy times, but a lot of fun too.
📃 in this Monday Morning Mashup:
⭐Highlight: Crypto Credit Crisis
🔍Modelling & Valuation: Model Audit Methods
🌐Web: Comment Checks in China
🎁Extra: xkcd Roman Numerals
Have a great week!
⭐Highlight: Crypto Credit Crisis
I’ve always found crypto to be a bubble and these past few weeks have not changed my view (😉). With exchanges freezing withdrawals following the Terra “stable” coin collapse the management of crypto corporates has been compared with Ponzi all too many times.
Check out the in-depth article about the crypto credit crisis by FT below. I’ve also included an opinion article by the Guardian.
Crypto feels the shockwaves from its own ‘credit crisis’
The Crypto Crash: all Ponzi schemes topple eventually | Robert Reich | The Guardian
We’re back to the wild west finances of the 1920s as the crypto industry pours huge money into political campaigns
🔍Modelling & Valuation: Model Audit Methods
An interesting read that I came across on the Gridlines blog: how to efficiently audit a model. Their answer: rebuild the model from scratch and compare the results. Their OpenBox tool makes that a piece of cake (more on that piece of software in the future).
Read their full write-up below to learn more about the considerations that went into their decision.
Financial Model Audit: Parallel Build vs Cell by Cell - Gridlines
Modelling Innovation in Infrastructure, Project Finance and FP&A
🌐Web: Comment Checks in China
China’s internet is one of the most censored areas of the network on the globe, and that trend is set to continue. The new target: comments. Largely uncensored till now because of their volume, they’ll soon have to be checked before publishing. The changes are set to remove any space for free (as in freedom) online discussion left in the country and will impose a great cost onto social media platforms.
China wants all social media comments to be pre-reviewed before publishing
A draft update of China’s online comments regulation rules would dramatically increase the power of China’s censorship machine.
🎁Extra: xkcd Roman Numerals
This one took me a bit to figure out but was hilarious once I got it.
100he100k out th1s 1nno5at4e str1ng en100o501ng 15e been 500e5e50op1ng! 1t’s 6rtua100y perfe100t! …hang on, what’s a virtuacy?
Have a great week!