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In both years, investors were left wondering whether diversification worked.
It's during the more normal periods that diversification works its magic, he said.
A 2011 paper by Xavier Gabaix of New York University explains how diversification works when firms are independent and their sizes follow a regular "bell-shaped" distribution.
Ken, just so I understand, why do you say diversification worked poorly?
Those supposedly well-diversified investors didn't realize, however, that diversification works only if everyone isn't doing the same thing with immense leverage.
John, given how poorly diversification worked this year, have you changed your opinion on the importance of diversification, or do you think it is important but nothing works all the time?
Our fieldwork and comparison of two disaster recoveries at Aisin Seiki and Riken Corporation shows that while temporary sourcing diversification worked in the Aisin Seiki case, it was impossible at Riken due to the high degree of specificity required in the design and manufacturing methods of the disrupted product item, suggesting product and process specificity limits recovery alternatives.
"It helps people get back to, as boring as it is, the fact that diversification works.
Will the diversification work?
Implication No. 1: Diversification works.
Ali said diversification - working with interest groups as well as media - is important for business, and that there is a misconception surrounding polling contracts with large news agencies.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com