What does finance 💼 and gambling 💰 have in common?
Most would argue hopefully not a lot as rolling the dice 🎲 is certainly not the way you would report numbers.
Numbers 💲 that need to be accurate and certainly not left to chance. 🎪
But what about forecasting and modeling?
Well if you are forecasting based on just 3 scenarios (low, middle, high) then I think you are taking more risk 😲 than just putting it all on black.
Read 👇🏼my latest post on Monte Carlo Simulation and you might think differently when you next see 👀a casino, which exists based on “managing” the art of simulations.
Source: Generation CFO LI Group