vboy
15-12-10, 10:04
Diversification is mentioned in the Bible (http://en.wikipedia.org/wiki/Bible), in the book of Ecclesiastes (http://en.wikipedia.org/wiki/Ecclesiastes) which was written in approximately 935 B.C.[13] (http://en.wikipedia.org/wiki/Diversification_(finance)#cite_note-12):
But divide your investments among many places, for you do not know what risks might lie ahead.[14] (http://en.wikipedia.org/wiki/Diversification_(finance)#cite_note-13) Diversification is also mentioned in the Talmud (http://en.wikipedia.org/wiki/Talmud). The formula given there is to split one's assets into thirds: one third in business (buying and selling things), one third kept liquid (e.g. gold coins), and one third in land (real estate (http://en.wikipedia.org/wiki/Real_estate)).
Diversification is mentioned in Shakespeare[15] (http://en.wikipedia.org/wiki/Diversification_(finance)#cite_note-14) (Merchant of Venice (http://en.wikipedia.org/wiki/Merchant_of_Venice)):
My ventures are not in one bottom trusted, Nor to one place; nor is my whole estate Upon the fortune of this present year: Therefore, my merchandise makes me not sad. The modern understanding of diversification dates back to the work of Harry Markowitz[16] (http://en.wikipedia.org/wiki/Diversification_(finance)#cite_note-15) in the 1950s.
But divide your investments among many places, for you do not know what risks might lie ahead.[14] (http://en.wikipedia.org/wiki/Diversification_(finance)#cite_note-13) Diversification is also mentioned in the Talmud (http://en.wikipedia.org/wiki/Talmud). The formula given there is to split one's assets into thirds: one third in business (buying and selling things), one third kept liquid (e.g. gold coins), and one third in land (real estate (http://en.wikipedia.org/wiki/Real_estate)).
Diversification is mentioned in Shakespeare[15] (http://en.wikipedia.org/wiki/Diversification_(finance)#cite_note-14) (Merchant of Venice (http://en.wikipedia.org/wiki/Merchant_of_Venice)):
My ventures are not in one bottom trusted, Nor to one place; nor is my whole estate Upon the fortune of this present year: Therefore, my merchandise makes me not sad. The modern understanding of diversification dates back to the work of Harry Markowitz[16] (http://en.wikipedia.org/wiki/Diversification_(finance)#cite_note-15) in the 1950s.