Anytime there has been any persistence of outperformance in an asset class, sector or area of the market, it is natural to ask the question… Why do I own anything else? Why diversify? It’s been often repeated in the dialogue of Random Gleanings or the ink of these write-ups, that historical results are no predictor of future… but there is also the wise Churchillian axiom of “Those that fail to learn from history are doomed to repeat it.” While Chris & Jesse remain constructive on the markets and economy, they promote the virtue of diversification in this episode because history suggests that it’s a strategy that serves people well.
