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This leaves a far more vulnerable (and probably younger) undiversified class of investors in their place.
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But even the largest fortune can disappear, especially when undiversified.
Secondly, a home is a highly undiversified investment.
However, it is very undiversified real estate," the authors write.
First, let's start with two, undiversified portfolios.
Because illiquid, undiversified, leveraged investments are dangerous!
Morgan Stanley has struggled with its smaller capital base and an undiversified business.
But smaller, undiversified insurers will find it harder to cope with higher costs and capital requirements.
Financial Products, whose swaps gave A.I.G. a vast, undiversified exposure to the housing markets.
"Our economy is undiversified," said John M. Daniels, a tour operator who publishes a report on Bali's tourist industry.
Wherever financial markets are absent or repressed, savings go unused, productive economic opportunities go unrealised and risks go undiversified.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com