notices - See details
Notices
MG
Mehmet Gerz (not verified)
5th August 2015 | 1:48pm

Every time I doubt the benefits of re-balancing, Jason Hsu makes little effort to win me back. I am glad to read that contrarian re-balancing works for emerging markets, and even an equally weighted naive portfolio, thanks to its ability to capture mean-reversion, beats an optimized portfolio. I think that portfolio weights based on expected returns and co-variances etc. is little more than an intellectual exercise.