Could we both agree on the following notion? That, in the investment field, there is no one instrument that can perform all the time, and that there is no one who can say with certainty—in advance—which instrument would perform best.  The future is uncertain and markets are random. As such, what Harry Markowitz demonstrated mathematically in 1952 still holds true: Putting all of one’s eggs in one basket is an unacceptably risky strategy, and diversification is the closest an investor can get to having a free lunch. Personally, when I’m in doubt, I always remind myself that I am an investor, not an entrepreneur.  There’s no need for me to put all my eggs in one basket. My aim is to diversify across investment baskets—with many eggs in each—so that I will not be “done in” by any one event. Real and strong diversification, ......