Dtail
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I mucked about some with my Monte Carlo sim to try to control the tails but all I managed to do is make it match historical data. That kindof defeats the purpose of Monte Carlo. It is nice to see that I can survive 1929 followed by 2008 followed by terrible returns, but I would not recommend chasing those tails. You'll work too long and worry too much.
Exactly, but nice to play around with if into numbers.