The Gist: On this Money on Tap we look at Monte Carlo simulation to help us understand the impact of risk and uncertainty when it comes to financial forecasting models. It helps us see many of the potential outcomes and the potential risk of those decisions.
Money in the News: A man returning his Pixel 3 phone for a refund to Google for $900 does not get the refund – instead he is sent 10 MORE Pixel 3 phones totaling about $9,000 dollars. An obvious error the man and Google are trying to work it out.
Check your house for this stuff – What kinds of things in your house might be worth big money: Boy Scout memorabilia, 2005 irregular Kansas Quarter, and others.
Tags: 16121405, Monte Carlo, Stress Test