You can’t predict the future, of course, but that doesn’t stop some financial professionals from trying. Of the many methods devised to anticipate different possible futures in financial planning, ...

Bob’s financial advisor just ran a “Monte Carlo analysis” for him.What’s a “Monte Carlo analysis”?It’s a tool used to test how a person’s retirement savings and plan would hold up given a variety of ...

I recently came across a LinkedIn post written by a thoughtful advisor who was proud that his client's Monte Carlo score had held steady at 99 despite the down market. The planner received nearly ...

Numbers are rather useful. This is unfortunate, because they're also rather confusing. Our brains have a hard time making sense of lists of numbers, so we employ an imaginary friend to help us — the ...

Forbes contributors publish independent expert analyses and insights. I track enterprise software application development & data management. AI is all about logic, but not all of it is straightforward ...