None of these things are oracles. The Monte Carlo helps you visualize the universe of outcomes. Simulating past events helps you specifically apply your knowledge of the past to your portfolio.
Think of it as a tool to understand and explore risk. I’ve found all of these tools more useful as a I get older and the day I need to use the cash is closer.
Think of it as a tool to understand and explore risk. I’ve found all of these tools more useful as a I get older and the day I need to use the cash is closer.