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