Monte Carlo simulation

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.

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Source: Generation CFO LI Group

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