Little: The Investor Is Wise Who Diversifies. Also True for Non-Investors.
Happier with Gretchen Rubin
Lemonada Media
4.7 • 13.2K Ratings
🗓️ 26 March 2018
⏱️ 2 minutes
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| 0:00.0 | I'm Gretchen Rubin and this is a little happier. I'm always struck by the randomness of what I remember |
| 0:06.3 | for my own past and I'm also struck by what I remember from my education. I have forgotten so much, |
| 0:13.6 | but a few things stick out here and there. At one of the things I remember most clearly from my |
| 0:19.3 | entire time at law school was from a class called Business Administration that was taught by the |
| 0:25.2 | legendary professor and judge, judge, winter. I'm sure I learned a lot of valuable information in |
| 0:31.2 | that class, but of everything, the thing that I remember best is something he said one day in |
| 0:36.6 | an aside as he was talking about investment strategies. He said, the investor is wise, |
| 0:43.2 | who diversifies and I've never forgotten it and I've come to realize that this is very valuable |
| 0:49.7 | advice in many situations in life. Often it's not a bad idea to hedge your bets, make sure that you |
| 0:56.5 | have more than one option that you don't put all your eggs in one basket. I found myself saying to |
| 1:01.6 | my daughters as they navigated middle school and high school friendships. A ninth grader is wise, |
| 1:07.8 | who diversifies. And of course this saying is also a great example of the rhyme as a reason effect, |
| 1:14.5 | something I love, the psychological phenomenon that a saying seems more valuable or truthful |
| 1:20.5 | when it rhymes. It was certainly more memorable for me. It's one of the few things I remember from |
| 1:25.5 | law school. The investor is wise, who diversifies. I'm Gretchen Rubin and I hope this makes your |
| 1:33.9 | week a little happier. |
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