Monte Carlo Simulations for Portfolio Optimization (Zero Programming Experience Required)
Video + Article. Learn how you can run a computer simulation that simulates hundreds of thousands of portfolio combinations to identify which portfolio has the highest returns for the least risk.
Suppose James is a gambler who casually frequents casinos. James’ game of choice is poker. Because he is hoping to improve his poker skills, he figures that it would be important to know the probability of getting certain hands. James decides that he wants to calculate the probability of getting a straight in poker. There is only one problem, however: J…