Every investor knows about the key concept of diversification – to allocate your capital and investments across various assets to reduce your risk. It’s repeated ad nauseum, and through quotes since time immemorial. ‘Don’t put all your eggs in one basket.’ ‘Don’t bet the farm.’ ‘Never go all in.’ So on and so forth. But in this day of YOLO bets, meme stocks, and a seemingly ever-rising stock market, I think it’s good to remind everyone of the risk of not diversifying your portfolio through a very simple example. Let’s say you invested your entire portfolio of $100,000 in Palantir at the peak of its hype (#YOLO) in January 2021 at $35 a share. If you held onto Palantir till now (12 January 2022), the stock is now worth just $17 a share – a 50% plunge. And your previous six-figure portfolio is now only worth half what it once...