What Does Diversification Really Mean?
Diversification is one of those words that can mean different things to different people when talking about investments.
In today’s podcast, Jeremy and Jake Norton talk through what real diversification is, regarding investments. A common thought is that diversification in an investment portfolio leads to short term investment success. We discuss research that shows the total opposite, and we tell you how to deal with the short-term disappointment that comes with long term outperformance of the market.
Jeremy’s favorite book on behaviors in investing is called “The Behavioral Investor” by Daniel Crosby.