The Father of Financial Planning Was “Lazy”

Posted on June 7, 2011

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If you’ve ever sat in front of a financial planner & seen the statistical likelihood of your hopes & dreams spelled out in a percentage, you’ve probably seen a Monte Carlo simulation.

Far from perfect, the Monte Carlo simulation was originally used to test nuclear weapons development. Now, thanks to ubiquitous computing power, the statistical framework has become the backbone of almost every financial planning program running the industry.

Listen to historian George Dyson, explain Monte Carlo’s development, with fun facts you probably didn’t know & insights you hadn’t considered.

Get ready to geek out & enjoy.

Posted in: business