The Fallacy of Diversifying Your Portfolio

Don't put all your eggs in one basket. If you can put your eggs in a couple of different baskets, even if those individual baskets in and of themselves are risky or are aggressive,. You will actually decrease the risk of the entire egg population by spreading that out the different baskets. That is the fallacy of everybody thinking, why would i want diversification? Because it's going to let me make a good portion of the upside and hopefully protect me from the downside. So we need to, i think we all need an education on how diversification works in a more prolonged owntern.