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Still, broader diversification does not really appeal to him.
What could provide broader diversification than a sampling of stocks from around the world?
The Midwest casino boom -- there are now 86 commercial casinos in six states and 87 American Indian operations -- is part of a broader diversification of the economy in a region long-dependent on dying industries that now increasingly relies on tourism and entertainment, not as supplemental extras but as necessary pillars.
"What do I do if I needed the money for college tuition?" While people who own munis issued by the state where they pay taxes get a bigger tax break then those who hold the bonds of another state, there is a greater case now to forgo some of that tax benefit for broader diversification.
"We're allowing investors to access both direct online investments into single ventures, as well as broader diversification into a portfolio of hundreds of VC-backed startups".
In June of last year, I switched to the iShares S&P Latin America 40 Index for broader diversification, but still with 50% exposure to Brazil.
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Instead, it may reflect an increased willingness to invest overseas in a prudent attempt at broad diversification.
Those benefits, he said, include low costs, relatively predictable performance, broad diversification, tax efficiency and better long-term performance than most actively managed funds.
"If it is a really small foundation, then I believe that the Vanguard index funds are a good starting point because you get broad diversification at low cost".
The upshot: Soros's investment manager quit and the fabled hedge fund was converted into "a more conservative investment vehicle with a broad diversification of risks".
With all the potential for continued or increased financial turmoil, specialists say, it seems likely that broad diversification in bond markets will gain popularity.
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