Josh Brown

The only active manager that we found that has beaten the Q's

That's how hard it is.

And he did it just by letting, and Kathy had Nvidia and Bitcoin too, by the way, those were up five X Tesla.

So she had the best, a good eye and she was an ETF because Baron got no flows because they were, did all in a mutual fund.

So Kathy had the good eye to have, be in an ETF and have those picks.

But the rebalancing, I think held her back from like just totally exploding.

Uh, interesting tale and rebalancing being absolutely critical, uh,

coupling stock picking.

I mean, you got to know like when you have a real winner, don't mess with success.

You know what I mean?

It's like when we traded Jimmy Butler, why would you trade Jimmy Butler?

So, so I, from what I know,

They have a lot of, they have like 35 stocks, right?

They may like that small biotech stock, you know, a lot too.

So if Tesla does well, you take your profits to keep it at 11%, 12%, then you can buy a little more of that other stock you like that went down.

But the problem is just like equal weighting, you end up funneling money to stuff that isn't doing that well and taking it away from the stuff that's just going to keep winning and winning.

And that's why equal weighted underperformed market cap weighted since 90 by about a thousand percentage points, even though it has good runs.

And it's logical.

If you told somebody this, you're like, makes a lot of sense.

Let's take profits because you don't know what's going to happen in the future.