If markets were truly efficient, then you shouldn't be able to make any money rebalancing.


Chapter 14, Getting Started, Keeping It Going, p. 290. - The Four Pillars of Investing (2002)

William J. Bernstein Quotes

If markets were truly efficient, then you shouldn't be able to make any money rebalancing.

If markets were truly efficient, then you shouldn't be able to make any money rebalancing.

If markets were truly efficient, then you shouldn't be able to make any money rebalancing.

If markets were truly efficient, then you shouldn't be able to make any money rebalancing.