Time to Evolve
Multiple iterations allow for adaptation and the refinement (pun intended) of the original process. This process of multiple iterations is like our own evolutionary heritage. As humans we are constantly learning. The adaptation and evolution of mankind is paramount to our survival.
These are not random. Asset relationships sometimes drift together, sometimes drift apart. The assets that provided good diversification in 2013 are not the same as the assets providing diversification in 2018. It is a moving target. As any duck hunter knows, your best chance to hit a moving target is to move with it.
We believe that researched, documented and tested performance edges can improve most strategies.