A.I.M. Users Bulletin Board

[AIMster]

Any attempt I have seen to improve the Lichello algorithm involved curve fitting to some extent in other words, the new version worked better in some circumstances but not as well in others.

In running historical tests I've found sometimes B&H is the big winner, sometimes AIM leaves it in the dust, sometimes they're both about even. Depends on what the security is, when it was bought, how much cash reserve to start with and so on. The problem, of course, is that you can't know in advance what will be the optimum strategy nor configuration. Hence the counsel of people like Larry Swedroe and others to simply B&H index funds with the view that in the long run at least matching the performance of the market will still put you ahead of many actively managed funds. Which is a valid and simple way to go. The nagging question always, though is "can we do better?"

Hence the neverending quest for the Holy Grail.