Is Global Macro Gossip? S03:E06
Pirates of Finance
00:00
Rebalance Timing, Luck
The idea of re balance timing, luck is you have an investment approach or strategy that you are holding fixed. What would happen if you were to adjust the dates on which you actually applied that? You're still re balancing your portfolio quarterly, but it's at a different point in time. And how sensitive is your realized performance to that small change? The total return dispersion year to date between these three strategies,. despite the fact they're identical ind how they are trying to be implemented, is ten percentage points.
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