Diversification

According to Investopedia, "Diversification is a risk management strategy that creates a mix of various investments within a portfolio. A diversified portfolio contains a mix of distinct asset types and investment vehicles in an attempt to limit exposure to any single asset or risk."

Quotes

"Diversification has been, and balance, like Wellington, has been so drummed into me, it's part of my personality." - John C. Bogle, American investor, business magnate, and philanthropist

"I've always been a big believer in diversification for anybody. It's never good to put all of your efforts and all of your time and all of your financial resources into just one project. Diversification is key for any individual and any business." - Paul Heyman

"The starting point for energy security today as it has always been is diversification of supplies and sources. - Daniel Yergin, American author, speaker, energy expert, and economic historian

"Don't put all your eggs in one basket" - Popular saying. The phrase is said to be first used in the novel “Don Quixote”, where it was written “It is the part of a wise man to keep himself today for tomorrow, and not venture all his eggs in one basket.”

"Don't put all your eggs in one basket" - Popular saying.

See also

• Multiple streams of income

External links

• Diversification, Investopedia

• How Diversification Works, And Why You Need It, Forbes

• The Importance of Diversification, Investopedia