The Diversification Mustache: Why Wall Street's Favorite Strategy is a Disguise for Ignorance

Frank L Day

Published on: 10/02/2026

But here's the truth: Wall Street’s version of diversification is just another form of a gamble. It’s a fancier way of saying, We’re going to spread bets around and see what comes up. there are No guarantees on Wall St. But there are on Your Street.