Dec 6, 2016
Past performance does not guarantee future success, and in 2008 many investors found out... they sure weren't kidding! Monte Carlo simulations can be a tool or a sales gimmick depending on how they are used, but often let investors down because of a very common human trait known as Confirmation Bias. Steve and Sinclair discuss the pro's and cons of Monte Carlo simulation charts--and why they can lead to some big and costly mistakes!