Here's the right way to explain Monte Carlo scores to clients
Your client's Monte Carlo score drops two points after a market wobble, and suddenly they're on the phone asking if they need to cut their monthly distributions. Sound familiar? If clients are white-knuckling a single number instead of trusting the plan behind it, that's not a client problem — it's a framing problem, and it's on us to fix.
James and Eden dig into why the Monte Carlo score gets misunderstood and misused — by clients and advisors alike. They unpack Goodhart's Law (when a measure becomes a target, it stops being a good measure) and make the case for retiring the word "success"…
The skinny
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