Alternatives to Diversification

In a brief article on investments for Money Magazine, William J. Bernstein examined two alternatives to diversification: 1) "Put all your eggs in one basket - and watch that basket."  2) "If you can't stand the heat, get out of the kitchen." 

Following a review of these alternatives, Bernstein concluded: "Investment wisdom begins with the realization that it's the decades, not the days, that matter.  And over the long term, diversification really does protect your portfolio."  Please click here for his article.