“Don’t Put all your Eggs in One Basket” might not be good advice

Diversification might not get you life-changing wealth.

What Problem does diversification Solve?

“Don’t Put all your Eggs in One Basket” is generally sound advice. Diversification solves the problem of losing all our money when one thing goes terribly wrong. By diversifying our investments, we remove a single point of failure. If one of the investments goes up in flames, we’re still left with a majority of our life savings and…