i think he statement is true because That is, by holding many different assets, random
fluctuations in the value of one will be offset by opposite fluctuations
in another. For example, if one fast food company makes a bad policy
decision, its lost customers will go to a different fast food
establishment. The investor in both companies will find that the losses in
the former investment are balanced by gains in the latter.
Apr 5th, 2015
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