Subject: Re: Bogle , back to the real world,
Cap weighted is the only method that automatically stays at the same weighting, hands off.
It's about the only way to manage a 100's of billions of dollars fund.

Equal weighting requires continual active trading to maintain its balance.

RSP turnover is 24%.
GSEW turnover is 46%.
SPY turnover is 3%.
QQQ turnover is 8%.
QQQE turnover is 34%.

Another thing I didn't really think about: "equal-weighting means selling winners and buying losers each quarter to maintain balance. "