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.

Learn More

Source: Generation CFO LI Group

We want to hear from you, comment below:

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.