Diversification is not a magic elixir. These are the words mentioned by Howard Marks, co-chairman of Oaktree Capital Management, and one of those widely regarded in the investing community, in his latest podcast. The link to this 34 minutes podcast is given here, but I regurgitate / provide a quick summary on what he thinks about the current investment environment below. A. Change and technology are much more a part of life than in the past Howard started off in his podcast that the world today is significantly different than the world 40-50 years ago. In the past, the world didn’t felt like it was evolving so fast. However, now, anything and almost everything can be disrupted. There are several implications to this, particularly that we have to give much more thought to how a particular industry or business will potentially be disrupted. This will affect the timeframe which...