A Calculator, a White-Board and hand-made design. Is it possible? Is is reliable? I'm curious.

HI!
I'm curious about some legendary Event-Driven Hedge Funds.
Like, Farallon Capital.
Is there only hand-design for price modeling, at some firms?
How is it, actually?
I like to design, I'm just curious, because I like it too much, and I simply love the idea of modeling prices, calculating and making investment in a reliable way.
Do you have any experiences doing this at a firm? Have you seen it?
I like computers, but I love simplicity.
I think that a company should have both.
What do you think about it?

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