Diversification for it’s own sake, just because almost everyone with a traditional finance background uses the word in their sales pitch, is never a good idea. There is power in focus.
Case in point: see how quickly your assets get cut in half if you tell your wife that you’d like to diversify your love life, and start spending your time with another blonde, a brunette, and a redhead. 😜
More important to me (than half of my assets) is that fact that my life would be fucking miserable if I had to balance another blonde, a brunette, and a redhead.
That's kind of my point, in a less warped way lol
I'm an all in kind of person and I think splitting my attention actually creates more risk and a lower quality of life. I can't reasonably claim safety in something I know fuck all about. And that seems to me what diversification really is; Handing the wheel to chance or someone else.
