Is diversity among people good? Absolutely.
Physical challenges, upbringing, and education attainment
make us look or act uniquely, but that is a good thing.
Shared vision and values are enhanced by differences.
My Dad grew up in Utah, stands a little over 6 feet tall,
and attended college for a brief time.
My Mom grew up in New York, stands 5'4, and has attended
5 universities and colleges with multiple degrees in various fields.
They both value family, America and their Spirituality.
They use their differences to live their values.
Every good team needs players short and tall, fast and slow.
Peyton Manning is very different from the former Bears Super Bowl hero
William The Fridge Perry, but both added value to Super Bowl teams.
Diverse people in a family, business or a community
is not the goal, but a means to an end (greater unity, better ideas, and
more fun). Diversity for diversity sake is not nearly as powerful as
diversity as a tool for a better society.
We don't seek to invent/force diversity, we embrace it.
Diversify your assets? Some financial pundits say never and others say always.
Both have merit. If and when to diversify depends on you.
You don't want too many irons in the fire or you will
lack the focus necessary to win big.
But if your only asset is a rental home on Hurricane Alley then you might
need additional assets.
If you diversify simply because you are financially ignorant, then
no amount of diversification will help you. "I don't understand business so I bought stock (ownership) in 100 businesses via a mutual fund."
Diversify to spread risk and increase cash flow, but not to mask a low financial IQ.
(Photo courtesy Wikipedia)