Love the idea on "systems thinking". One of the things I used to stress over the last 10 years of teaching was getting away from the false precision of calculations and trying to understand the "how and why" of things. With finance, you're never going to gain an edge by improving your calculations, but instead by understanding what drives cash flows, discount rates, rates of return, etc. However, convincing them to pay less attention to the calculation and more to the concepts was difficult. Classes are designed to teach content (how do you calculate the WACC) rather than what is the cost of capital really telling you. I'm sure other disciplines are similar, so would love to see the switch!
I suspect the higher uptake of heat pumps in colder wealthy countries is driven by the better insulation and air tightness of housing there.
Love the idea on "systems thinking". One of the things I used to stress over the last 10 years of teaching was getting away from the false precision of calculations and trying to understand the "how and why" of things. With finance, you're never going to gain an edge by improving your calculations, but instead by understanding what drives cash flows, discount rates, rates of return, etc. However, convincing them to pay less attention to the calculation and more to the concepts was difficult. Classes are designed to teach content (how do you calculate the WACC) rather than what is the cost of capital really telling you. I'm sure other disciplines are similar, so would love to see the switch!