liangfeng

Buy and hold - make initial investment and do nothing, never outperforms other 2 strategies

Constant weight - periodically adjust to some target allocation, outperforms in a flat but oscillating market, worst performance in trending market

CPPI - set floor value, invest risk free floor amount, then increase allocation to risky asset if prices trend up, decrease when prices trend down. Outperforms in trending market, underperforms in flat, volatile markets

NO EXCUSES