The importance of diversification

The reason for this is actually quite simple: three years have passed since the last edition (six years since the first edition) and there are new things to say. Yet, as I have written in the past, one of my key wishes when writing the book was that as much as possible of the content would be ‘timeless’. Many of the key things you need to understand about finance haven’t changed in decades (such as the importance of diversification) or even centuries (the sheer power of compound interest, for example).

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