Diversification is usually framed as protection.

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Spread the risk. Reduce exposure. Avoid concentration.

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In practice, diversification often does something else.

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It reduces visible volatility while quietly increasing structural fragility.

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When decisions are diversified without architecture, responsibility diffuses. Attention thins. No single outcome matters enough to force clarity. Risk doesn’t disappear — it becomes harder to see.

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This is true in portfolios, but it’s more dangerous outside them.

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Life diversification — too many strategies, roles, accounts, entities, advisors, structures — feels prudent. It looks sophisticated. It signals caution.

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Over time, it erodes conviction and accountability.

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The problem isn’t variety. It’s fragmentation without intent.

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Diversification works when there is a clear center. Without one, it becomes a way to avoid choosing — and avoiding choice is itself a decision.

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Most people don’t suffer from taking too much risk.

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They suffer from spreading themselves thin enough that nothing can absorb shock when it matters.