Joachim proves again that he has his head screwed on properly.

Though, it may seem self-serving, it is not intended as such, fbo the readers of EI, also see:

1. This piece authored back in 2015, "Benchmark Tail Wags the Portfolio Management Dog," https://blogs.stage.cfainstitute.org/investor/2015/07/28/alpha-wounds-b…

2. Return of the Active Manager by Howard and Voss for multiple chapters on this subject.

Go JK! Go EI!