It was designed to fix the optimizer’s habit of making wild bets: by anchoring to the market and blending in views carefully, it produces calmer, more sensible mixes.[1]
Like editing a solid first draft instead of writing from a blank page. You start with something reasonable and make small, confident changes — not a chaotic rewrite.
If you have no views, you simply hold the market mix. The stronger your view and your confidence, the bigger the tilt — but it never lurches to extremes.
You don’t need the full math to use the idea: anchor to a broad, diversified default, and make deliberate, modest tilts rather than all-or-nothing bets.
Finisdom favours this mindset — start diversified, adjust with intent — over chasing a single “optimal” answer from noisy data.