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Thanks Ted! This article has a great quote for those Monte Carlo simulation fans:
“If I run thousands of simulations, risk does get rewarded. But I don’t get to go through life a thousand times,” he quips about the risk to an individual retiree caught in a bad sequence of returns.
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“If I run thousands of simulations, risk does get rewarded. But I don’t get to go through life a thousand times,” he quips about the risk to an individual retiree caught in a bad sequence of returns.