投资中的免费午餐：再平衡，把波动变成收益 | 螺丝钉带你读书

Group 1 - The article emphasizes the importance of asset allocation and rebalancing strategies in investment, highlighting that different asset classes (stocks and bonds) do not move in sync, necessitating adjustments to maintain desired risk levels [7][10][60] - It introduces the concept of "rebalancing" as a strategy to adjust asset proportions back to their original targets after market fluctuations, which can enhance overall returns [8][25][59] - The article outlines four common rebalancing strategies: periodic rebalancing, threshold-based rebalancing, valuation-based rebalancing, and risk parity rebalancing [27][28][35] Group 2 - The article discusses two specific rebalancing strategies used in the author's investment approach: growth/value style rotation and stock/bond rebalancing [39][47] - It provides an example of how to implement stock/bond rebalancing, illustrating the process of adjusting allocations based on market conditions, such as selling bonds to buy stocks during market downturns [50][54] - The article concludes that market volatility can create more opportunities for rebalancing, ultimately benefiting investors by enhancing returns [61][62]