Why Diversification Isn't as Simple as 60/40 Anymore (and What You Can Do Instead)

Three eggs sitting outside a basket of eggs.

I grew up hearing that a wise person never puts all their eggs in one basket.

Even as a young child in Paris, I practiced it before I fully understood it. When 20 French francs came my way, a few went into the piggy bank, a few were set aside for gifts for my family, and the rest bought trading cards of my favorite soccer players.