Diversification is an animal unique to investing.
It’s sold as an antidote to the risks of investing, a salve to help us sleep well at night. But we don’t see diversification in other parts of our lives. How many of us married 500 people to offset the risk of the relationships not working out? Or worked 20 different jobs in case you got fired from a few? Are we advised to buy 10 different homes in case a few depreciate in value? Quite the contrary: for most American homeowners, their one home makes up the vast majority of their net worth. It It would be reasonable to assume that with 500 spouses.