Asset diversity is about risk. Spreading money around a ton of risky assets isn't "diversity," any more than playing a bunch of different roulette wheels is a "gambling strategy."https://twitter.com/LokiJulianus/status/953651089756381185 …
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Diversification always includes asset-class diversity because even a diverse array of stocks can still circle-the-drain all at once (even if individual movements are generally uncorrelated).
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