The Importance of Diversification in Investing

The question is whether people can stick to a 40 year drawdown in a security, of course. Some of the largest duration risks are tech companies with zero yields and those future earnings discounted back to today at high valuations. The fact that rebalancing can actually deliver a premium on its own, even if the underlying assets don't deliver on expectations. We're going to talk about the hurdle that you need to beat from a rebalancing period perspective in order to deal.