Three Cheers for Diversification

Despite holding AFLAC (AFL), which dropped 5.58% today, our Buy List narrowly out-performed the S&P 500. Our Buy List dropped 0.96% while the S&P 500 lost 1.12%.

Naturally, I don’t like it when out-performance means that our day was less awful than everyone else’s. But it does indicate what a well-diversified portfolio can do. Just like a good sports team, when one player is having an off night, his teammates are ready to pick up the slack.

Posted by on March 15th, 2011 at 3:35 pm


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