Description
I love a good spreadsheet. (I'm a financial planner, what do you expect?) But relying too heavily on spreadsheets to make financial decisions will lead you astray.
Over the years, I've named this phenomenon the "Spreadsheet Wars". Fighting in the "Spreadsheet Wars" refers to the tendency to use spreadsheets (or other financial models) to project a false sense of precision in your financial plans. Talking about this concept always leads to some interesting reactions, which occasionally have gotten heated (turns out, the financial planning community loves their spreadsheets!) Tune in to learn more.