Rebalancing Timing Luck

Yi: There's a balance there between trade costs, which is also wide sometimes at havsey's. If you rebalance weekly instead of monthly, you're avoiding that once a month re balancing or quarterly re balancing where you have timing luck. Yi: A lot ike the curistics we use in investing aren't necessarily sophisticated. But when you go overly sophisticated, you're optimizing a decision in a field that has a huge degree of uncertainty. And so something like halvsease is actually often very robust to that uncertain and again, you're never going to make the hero trade."