The author has come up with the theory of diversification. The problem here is that, finding one thing is already hard. You often can’t magically find another t

The author has come up with the theory of diversification. The problem here is that, finding one thing is already hard. You often can’t magically find another thing that’s equally effective and so you burn a lot of money and energy pursuing other strategies. Take a look at what Charlie Munger says about diversification. Forget it, make big huge bets when there is a large positive assymetric risk reward.