Reinvest Wisely So Your Family Will Love You: Enigmatic Fine Art Returns, Messi & Sports Financing
Pirates of Finance
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The Limits of Diversification
I think the only way you could all hedge it out is if everyone did the circular thing that I talked about, which is kind of weird to think about. But yeah, like one of the things I talk about in my writing is that there are limits to diversification. You cannot ultimately get rid of risk through diversification. If you've eliminated all the risk in your portfolio, you've effectively created a very expensive risk free rate or an arbitrage.
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